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

Key Points

• Bearish options activity surged: Investors purchased 16,864 put options on Floor & Decor, roughly 1,341% above typical volume, signaling heightened downside positioning.
• Floor & Decor beat third-quarter EPS expectations, reporting $0.61 versus $0.57, but revenue slightly missed estimates at approximately $1.21 billion and comparable-store sales fell 1.4%.
• Analyst sentiment weakened: UBS, Telsey Advisory Group, Citigroup, Stifel and others cut price targets or ratings; the stock now has a consensus “Hold” rating and average target of $55.70.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the recipient of some unusual options trading on Friday. Investors acquired 16,864 put options on the stock. This is an increase of 1,341% compared to the typical volume of 1,170 put options.

Floor & Decor News Summary

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Floor & Decor reported third-quarter adjusted earnings of $0.61 per share, exceeding the $0.57 consensus estimate and rising from $0.53 a year earlier. Management highlighted 15% EPS growth and resilience in the business, including continued strength in pro sales. Third-Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Truist lowered its price target to $65 from $70 but maintained a “buy” rating, implying substantial upside from recent trading levels. Truist Price Target Update
• Neutral Sentiment: The company announced a board succession and refreshment plan: Thomas Taylor will become board chair on January 1, 2027, while Lauren Taylor Wolfe will join as an independent director. Board Leadership Transition
• Negative Sentiment: Revenue of approximately $1.21 billion was slightly below the $1.22 billion consensus estimate, while comparable-store sales declined 1.4%. The sales softness likely outweighed the EPS beat for investors. Floor & Decor Earnings Results
• Negative Sentiment: Analyst sentiment deteriorated after the report. UBS reduced its target to $54 from $60 while keeping a neutral rating, and Telsey Advisory Group downgraded the stock to “market perform” and cut its target to $50 from $68. Zacks Research also moved its rating from “hold” to “strong sell.” UBS Price Target Update
• Negative Sentiment: Options activity reflected heightened bearish positioning, with traders purchasing roughly 16,864 put contracts—about 1,341% above typical volume. Why Floor & Decor Moved

Insiders Place Their Bets

In other Floor & Decor news, insider Thomas V. Taylor sold 218,189 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 229,820 shares in the company, valued at $14,317,786. This represents a 48.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new stake in shares of Floor & Decor during the first quarter worth $31,000. Versant Capital Management Inc boosted its position in shares of Floor & Decor by 3,263.2% in the 3rd quarter. Versant Capital Management Inc now owns 639 shares of the company's stock valued at $29,000 after purchasing an additional 620 shares during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $43,000. Leonteq Securities AG increased its stake in Floor & Decor by 320.7% in the 1st quarter. Leonteq Securities AG now owns 1,077 shares of the company's stock worth $55,000 after purchasing an additional 821 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new position in Floor & Decor in the 2nd quarter worth about $68,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings lowered Floor & Decor from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 9th. Piper Sandler upped their price target on Floor & Decor from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Citigroup reduced their price objective on Floor & Decor from $59.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Truist Financial decreased their price objective on shares of Floor & Decor from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday. Finally, Stifel Nicolaus lowered shares of Floor & Decor from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $52.00 in a research note on Monday. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $55.70.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $2.48 during trading on Friday, hitting $47.86. The stock had a trading volume of 5,621,079 shares, compared to its average volume of 2,747,815. The business has a fifty day moving average of $47.94 and a two-hundred day moving average of $55.03. The firm has a market cap of $5.10 billion, a P/E ratio of 22.26, a PEG ratio of 3.90 and a beta of 1.60. Floor & Decor has a fifty-two week low of $42.64 and a fifty-two week high of $77.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.45.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $0.53 EPS. Floor & Decor's revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Floor & Decor will post 1.96 earnings per share for the current fiscal year.

About Floor & Decor

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.