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

Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually large options trading activity on Wednesday. Traders purchased 53,381 put options on the stock. This represents an increase of 1,661% compared to the average volume of 3,031 put options.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FND. Barclays raised their price target on shares of Floor & Decor from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of Floor & Decor from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $64.00 target price on shares of Floor & Decor in a research report on Friday, February 20th. Mizuho decreased their target price on shares of Floor & Decor from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, UBS Group decreased their target price on shares of Floor & Decor from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $77.35.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $51.15 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.33. The firm’s 50-day simple moving average is $60.88 and its 200-day simple moving average is $64.96. Floor & Decor has a twelve month low of $46.47 and a twelve month high of $92.40. The firm has a market cap of $5.52 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 1.61 and a beta of 1.82.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, research analysts expect that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its position in Floor & Decor by 8.1% in the fourth quarter. Capital World Investors now owns 7,472,044 shares of the company’s stock valued at $454,975,000 after buying an additional 557,728 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 6,421,067 shares of the company’s stock valued at $390,981,000 after acquiring an additional 22,636 shares during the last quarter. Morgan Stanley raised its stake in shares of Floor & Decor by 10.4% in the fourth quarter. Morgan Stanley now owns 5,120,116 shares of the company’s stock valued at $311,764,000 after acquiring an additional 484,243 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after acquiring an additional 3,881,522 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after acquiring an additional 42,636 shares during the last quarter.

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.