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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 12,576 put options on the stock. This is an increase of approximately 308% compared to the typical daily volume of 3,085 put options.

Floor & Decor Stock Performance

NYSE:FND opened at $74.96 on Thursday. Floor & Decor has a 12 month low of $55.11 and a 12 month high of $108.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. The firm has a market capitalization of $8.08 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.73. The business’s fifty day moving average price is $64.60 and its 200 day moving average price is $72.87.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm posted $0.48 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, sell-side analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. TD Cowen reiterated a “hold” rating on shares of Floor & Decor in a research note on Tuesday. Barclays decreased their target price on Floor & Decor from $78.00 to $70.00 and set a “positive” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a report on Friday, October 31st. Finally, Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Seven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $82.84.

Insider Activity at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Floor & Decor during the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. lifted its position in Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after acquiring an additional 247 shares during the period. eCIO Inc. purchased a new position in shares of Floor & Decor in the 4th quarter valued at approximately $41,000. State of Wyoming acquired a new position in shares of Floor & Decor in the second quarter valued at approximately $46,000. Finally, Steph & Co. purchased a new stake in shares of Floor & Decor during the third quarter worth approximately $48,000.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.