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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading activity on Tuesday. Investors purchased 9,112 put options on the company. This is an increase of approximately 231% compared to the typical daily volume of 2,749 put options.

Floor & Decor Price Performance

Shares of NYSE FND traded up $0.39 during mid-day trading on Wednesday, hitting $100.51. 1,179,914 shares of the stock were exchanged, compared to its average volume of 1,422,728. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The stock’s fifty day simple moving average is $112.00 and its two-hundred day simple moving average is $108.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The company has a market cap of $10.76 billion, a P/E ratio of 48.34, a PEG ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $0.66 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, analysts forecast that Floor & Decor will post 1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FND. Guggenheim dropped their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus lowered their price objective on Floor & Decor from $100.00 to $97.50 and set a “hold” rating on the stock in a research report on Monday. Finally, TD Cowen reduced their target price on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $104.76.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FND. Chris Bulman Inc bought a new stake in Floor & Decor during the 2nd quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares in the last quarter. J.Safra Asset Management Corp grew its stake in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares in the last quarter. Finally, RiverPark Advisors LLC raised its position in Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.