Traders Buy Large Volume of Put Options on Floor & Decor (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of some unusual options trading activity on Tuesday. Traders bought 12,576 put options on the company. This represents an increase of 308% compared to the typical daily volume of 3,085 put options.

Insiders Place Their Bets

In related news, President Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FND. Advisory Services Network LLC bought a new stake in Floor & Decor in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. eCIO Inc. acquired a new stake in Floor & Decor during the fourth quarter valued at approximately $41,000. State of Wyoming bought a new stake in Floor & Decor during the second quarter worth approximately $46,000. Finally, Steph & Co. acquired a new position in Floor & Decor in the third quarter worth approximately $48,000.

Analyst Upgrades and Downgrades

FND has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Evercore ISI dropped their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Barclays decreased their price objective on shares of Floor & Decor from $78.00 to $70.00 and set a “positive” rating for the company in a report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $82.55.

Floor & Decor Stock Down 4.8%

Floor & Decor stock opened at $72.43 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor has a one year low of $55.11 and a one year high of $108.76. The company has a 50-day simple moving average of $64.37 and a 200-day simple moving average of $72.85. The firm has a market capitalization of $7.80 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.97 and a beta of 1.73.

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

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.