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

Key Points

• Unusual bearish options activity: Traders purchased 53,584 put options on Floor & Decor, roughly 9,091% above the average volume of 583 puts.
• Shares declined 2.6% to $43.54, near the company’s one-year low of $42.64 and below its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: Five analysts rate the stock Buy, 12 Hold and three Sell, resulting in a consensus Hold rating and a $58.74 average price target.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of some unusual options trading on Wednesday. Traders bought 53,584 put options on the company. This is an increase of approximately 9,091% compared to the average volume of 583 put options.

Floor & Decor Stock Down 2.6%

Shares of NYSE FND traded down $1.18 during mid-day trading on Wednesday, hitting $43.54. The company had a trading volume of 1,507,576 shares, compared to its average volume of 2,675,585. The company has a current ratio of 1.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $50.81 and a two-hundred day simple moving average of $51.68. Floor & Decor has a one year low of $42.64 and a one year high of $77.46. The company has a market capitalization of $4.64 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 3.61 and a beta of 1.60.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $0.58 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, equities analysts expect that Floor & Decor will post 1.99 EPS for the current year.

Insider Activity at Floor & Decor

In other news, insider Thomas V. Taylor sold 218,189 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the sale, the insider directly owned 229,820 shares in the company, valued at $14,317,786. This represents a 48.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently bought and sold shares of FND. GK Wealth Management LLC purchased a new position in Floor & Decor in the third quarter valued at approximately $57,000. Balefire LLC increased its holdings in shares of Floor & Decor by 42.7% in the 3rd quarter. Balefire LLC now owns 7,152 shares of the company's stock worth $328,000 after buying an additional 2,139 shares during the last quarter. Douglas Lane & Associates LLC raised its position in Floor & Decor by 75.9% during the third quarter. Douglas Lane & Associates LLC now owns 298,663 shares of the company's stock valued at $13,682,000 after purchasing an additional 128,828 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Floor & Decor by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,766 shares of the company's stock valued at $127,000 after purchasing an additional 512 shares during the last quarter. Finally, Fenimore Asset Management Inc increased its stake in Floor & Decor by 11.0% in the 3rd quarter. Fenimore Asset Management Inc now owns 392,536 shares of the company's stock worth $17,982,000 after purchasing an additional 39,020 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FND shares. Truist Financial upped their price target on shares of Floor & Decor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Morgan Stanley lifted their price target on Floor & Decor from $56.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Floor & Decor from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Citigroup cut their price target on Floor & Decor from $59.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $58.74.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.

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