Investors Buy High Volume of Floor & Decor Put Options (NYSE:FND)

Key Points

• Floor & Decor Holdings, Inc. experienced a significant spike in trading activity, with a purchase of 5,142 put options, marking an 84% increase from the usual volume.
• Analysts have issued mixed ratings on the stock: while five analysts maintain a Buy rating, the average target price has decreased to $88.56.
• The company's recent earnings report indicated a revenue of $1.21 billion and an EPS of $0.58, surpassing consensus expectations.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) saw unusually large options trading activity on Monday. Stock investors purchased 5,142 put options on the stock. Thisrepresentsanincreaseof84% compared to the typical volume of 2,787 put options.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Floor & Decor in the 4th quarter worth $283,000. Bank of America Corp DE raised its stake in shares of Floor & Decor by 1.1% in the fourth quarter. Bank of America Corp DE now owns 448,521 shares of the company's stock worth $44,718,000 after buying an additional 4,795 shares during the period. Deutsche Bank AG lifted its position in shares of Floor & Decor by 17.3% during the 4th quarter. Deutsche Bank AG now owns 14,086 shares of the company's stock valued at $1,404,000 after buying an additional 2,075 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Floor & Decor during the 4th quarter valued at about $2,368,000. Finally, Graham Capital Management L.P. bought a new position in shares of Floor & Decor during the 4th quarter valued at approximately $1,849,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FND shares. Evercore ISI decreased their target price on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research note on Tuesday, June 24th. Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Piper Sandler cut their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Guggenheim decreased their target price on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $88.56.

Floor & Decor Stock Performance

Shares of FND stock traded up $0.08 on Monday, reaching $87.55. The stock had a trading volume of 2,949,259 shares, compared to its average volume of 2,106,845. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor has a 1 year low of $66.01 and a 1 year high of $124.68. The stock has a market cap of $9.43 billion, a P/E ratio of 44.90, a price-to-earnings-growth ratio of 3.75 and a beta of 1.68. The company has a 50 day simple moving average of $81.31 and a 200 day simple moving average of $79.40.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.Floor & Decor's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities research analysts expect that Floor & Decor will post 2 EPS for the current year.

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.

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