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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of some unusual options trading activity on Monday. Stock traders acquired 7,614 put options on the stock. This represents an increase of approximately 160% compared to the average volume of 2,934 put options.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its stake in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares in the last quarter. Vanguard Group Inc. raised its stake in Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock valued at $976,319,000 after buying an additional 133,766 shares in the last quarter. FMR LLC raised its stake in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares in the last quarter. State Street Corp grew its holdings in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after purchasing an additional 85,299 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FND shares. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a report on Monday. Wells Fargo & Company lifted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.68.

Floor & Decor Trading Up 3.5 %

Shares of FND stock opened at $97.61 on Tuesday. The business’s 50 day moving average is $99.42 and its two-hundred day moving average is $106.05. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a market capitalization of $10.47 billion, a P/E ratio of 51.37, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Equities analysts forecast that Floor & Decor will post 2 EPS for the current year.

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.