Investors Purchase Large Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 9,710 put options on the company. This is an increase of 201% compared to the typical daily volume of 3,231 put options.

Floor & Decor Trading Up 1.8%

Shares of Floor & Decor stock opened at $62.28 on Tuesday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.66 and a beta of 1.75. Floor & Decor has a 52-week low of $55.11 and a 52-week high of $111.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The stock’s 50-day simple moving average is $64.79 and its 200 day simple moving average is $74.49.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, research analysts anticipate that Floor & Decor will post 2 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in Floor & Decor during the 3rd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares during the period. State of Wyoming purchased a new stake in shares of Floor & Decor in the second quarter worth about $46,000. Steph & Co. bought a new position in shares of Floor & Decor in the third quarter valued at approximately $48,000. Finally, Mather Group LLC. purchased a new position in Floor & Decor during the third quarter valued at approximately $49,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FND. Wolfe Research started coverage on shares of Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price for the company. TD Cowen decreased their price objective on shares of Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Cowen set a $77.00 target price on shares of Floor & Decor in a research report on Friday, October 31st. Evercore ISI cut their target price on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.95.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.