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

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of some unusual options trading activity on Monday. Traders bought 9,710 put options on the company. This is an increase of 201% compared to the average volume of 3,231 put options.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FND. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. cut their price objective on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and raised their target price for the company from $75.00 to $80.00 in a report on Wednesday, November 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a research note on Friday, October 31st. Finally, UBS Group cut their price target on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $83.85.

Insider Buying and Selling

In related news, President Bradley Paulsen purchased 5,000 shares of Floor & Decor stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, with a total value of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently added to or reduced their stakes in FND. Swiss Life Asset Management Ltd increased its position in shares of Floor & Decor by 79.4% in the third quarter. Swiss Life Asset Management Ltd now owns 4,985 shares of the company’s stock worth $367,000 after acquiring an additional 2,207 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Floor & Decor during the 3rd quarter worth approximately $13,810,000. Centaurus Financial Inc. increased its stake in shares of Floor & Decor by 1.8% in the third quarter. Centaurus Financial Inc. now owns 171,003 shares of the company’s stock worth $12,603,000 after buying an additional 3,009 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at about $81,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Floor & Decor by 6,823.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,600 shares of the company’s stock worth $265,000 after buying an additional 3,548 shares during the last quarter.

Floor & Decor Trading Down 1.3%

Shares of FND opened at $61.42 on Wednesday. Floor & Decor has a fifty-two week low of $55.11 and a fifty-two week high of $110.76. The company has a market capitalization of $6.62 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.71 and a beta of 1.75. The stock has a fifty day moving average of $64.61 and a two-hundred day moving average of $74.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, 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.