Traders Buy High Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) saw some unusual options trading on Tuesday. Investors bought 13,802 put options on the company. This is an increase of 380% compared to the typical volume of 2,873 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Floor & Decor during the third quarter worth about $34,000. Huntington National Bank grew its stake in Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Floor & Decor during the fourth quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after buying an additional 166 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $49,000.

Analyst Ratings Changes

FND has been the topic of several analyst reports. Gordon Haskett raised Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a research report on Friday, February 21st. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a research report on Thursday, January 30th. Piper Sandler lowered their target price on shares of Floor & Decor from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and upped their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $104.83.

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Floor & Decor Trading Up 0.3 %

FND stock traded up $0.28 during trading on Friday, reaching $84.23. 2,141,473 shares of the stock were exchanged, compared to its average volume of 1,511,803. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 44.33, a P/E/G ratio of 19.06 and a beta of 1.95. The business has a 50 day moving average price of $95.76 and a 200-day moving average price of $103.73. Floor & Decor has a 1 year low of $80.82 and a 1 year high of $131.85.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, research analysts predict that Floor & Decor will post 2 earnings per share for the current year.

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.