Investors Purchase Large Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 13,802 put options on the stock. This is an increase of approximately 380% compared to the typical daily volume of 2,873 put options.

Floor & Decor Stock Performance

NYSE:FND opened at $83.97 on Wednesday. The company has a fifty day simple moving average of $96.48 and a two-hundred day simple moving average of $104.25. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a 52 week low of $83.64 and a 52 week high of $135.67.

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

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of FND. Capital Research Global Investors grew 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. D. E. Shaw & Co. Inc. grew its stake in shares of Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after purchasing an additional 1,316,484 shares in the last quarter. FMR LLC grew its stake in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD acquired a new position in shares of Floor & Decor during the fourth quarter worth $128,797,000. Finally, Marshall Wace LLP acquired a new position in shares of Floor & Decor during the fourth quarter worth $109,574,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FND. JPMorgan Chase & Co. lifted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Stifel Nicolaus raised 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 research report on Monday, February 24th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Finally, Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $104.83.

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.