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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of some unusual options trading on Tuesday. Investors bought 4,910 put options on the stock. This represents an increase of 75% compared to the average volume of 2,798 put options.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $49,000. Jones Financial Companies Lllp lifted its holdings in shares of Floor & Decor by 103.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,772 shares of the company's stock worth $276,000 after purchasing an additional 1,410 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after purchasing an additional 30,496 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Floor & Decor by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 38,364 shares of the company's stock worth $3,825,000 after purchasing an additional 259 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Floor & Decor by 0.9% in the 4th quarter. Arizona State Retirement System now owns 29,546 shares of the company's stock worth $2,946,000 after purchasing an additional 273 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FND. Robert W. Baird dropped their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Evercore ISI dropped their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Mizuho dropped their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Wells Fargo & Company dropped their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $91.71.

Floor & Decor Stock Performance

Shares of FND traded down $1.98 during mid-day trading on Friday, hitting $83.29. The stock had a trading volume of 1,379,433 shares, compared to its average volume of 1,830,875. The company has a market cap of $8.96 billion, a PE ratio of 44.07, a PEG ratio of 2.65 and a beta of 1.70. The company's fifty day simple moving average is $76.47 and its two-hundred day simple moving average is $84.65. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. On average, equities analysts expect that Floor & Decor will post 2 earnings per share for the current year.

About Floor & Decor

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.