Floor & Decor Sees Unusually Large Options Volume (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) saw unusually large options trading activity on Tuesday. Investors acquired 4,910 put options on the stock. This is an increase of 75% compared to the average daily volume of 2,798 put options.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FND shares. Evercore ISI dropped their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, June 24th. Barclays dropped their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird dropped their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. The Goldman Sachs Group cut their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Finally, Loop Capital cut their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $93.00.

Floor & Decor Price Performance

Shares of FND traded up $1.84 during mid-day trading on Thursday, hitting $85.33. The company's stock had a trading volume of 2,011,573 shares, compared to its average volume of 1,846,244. The firm has a 50-day moving average price of $76.03 and a 200 day moving average price of $84.89. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 2.55 and a beta of 1.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.27. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, research analysts predict that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in FND. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Floor & Decor by 6.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,379 shares of the company's stock valued at $277,000 after acquiring an additional 209 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Floor & Decor by 5.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company's stock valued at $200,000 after acquiring an additional 139 shares during the period. eCIO Inc. acquired a new stake in shares of Floor & Decor during the first quarter valued at approximately $62,000. Inspire Investing LLC acquired a new stake in shares of Floor & Decor during the first quarter valued at approximately $2,095,000. Finally, Focus Partners Wealth raised its holdings in shares of Floor & Decor by 3.0% during the first quarter. Focus Partners Wealth now owns 24,458 shares of the company's stock valued at $1,968,000 after acquiring an additional 710 shares during the period.

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.