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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors bought 4,910 put options on the stock. This is an increase of approximately 75% compared to the typical volume of 2,798 put options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Huntington National Bank boosted its holdings in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after acquiring an additional 152 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Floor & Decor in the first quarter valued at about $47,000. Proficio Capital Partners LLC purchased a new stake in shares of Floor & Decor in the fourth quarter valued at about $49,000. Finally, eCIO Inc. purchased a new stake in shares of Floor & Decor in the first quarter valued at about $62,000.

Floor & Decor Stock Up 1.6%

NYSE:FND traded up $1.29 during midday trading on Wednesday, hitting $83.29. 701,746 shares of the company were exchanged, compared to its average volume of 1,843,454. The company has a fifty day simple moving average of $75.78 and a 200 day simple moving average of $84.90. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $8.96 billion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.70.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho decreased their price target on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Robert W. Baird decreased their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler decreased their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Guggenheim decreased their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $93.00.

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.