Floor & Decor Target of Unusually High Options Trading (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 3,615 put options on the company. This represents an increase of 69% compared to the average volume of 2,133 put options.

Floor & Decor Stock Performance

FND stock opened at $99.90 on Friday. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $10.71 billion, a P/E ratio of 55.50, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82. The business’s fifty day moving average is $106.13 and its 200-day moving average is $106.69.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Equities research analysts forecast that Floor & Decor will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Telsey Advisory Group restated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Finally, Melius Research initiated coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.37.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after buying an additional 110 shares during the period. King Luther Capital Management Corp grew its stake in Floor & Decor by 1.2% in the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after acquiring an additional 127 shares during the period. Tidal Investments LLC increased its holdings in shares of Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after acquiring an additional 130 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares during the period. Finally, Silver Coast Investments LLC lifted its holdings in shares of Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after purchasing an additional 150 shares in the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.