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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of some unusual options trading on Monday. Investors purchased 28,849 put options on the company. This represents an increase of approximately 830% compared to the typical volume of 3,102 put options.

Floor & Decor Stock Performance

Shares of NYSE:FND traded down $0.24 during mid-day trading on Friday, reaching $72.77. 1,538,081 shares of the company traded hands, compared to its average volume of 1,695,633. The company's 50 day moving average price is $82.19 and its 200-day moving average price is $96.39. The firm has a market cap of $7.82 billion, a PE ratio of 38.30, a PEG ratio of 19.06 and a beta of 1.86. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $126.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI cut their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Piper Sandler lowered their price target on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. lifted their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and raised their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and an average price target of $103.56.

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the business. J.Safra Asset Management Corp grew its position in shares of Floor & Decor by 71.9% during the first quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock worth $173,000 after purchasing an additional 897 shares in the last quarter. KBC Group NV boosted its stake in Floor & Decor by 12.2% in the 1st quarter. KBC Group NV now owns 4,811 shares of the company's stock worth $387,000 after purchasing an additional 523 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Floor & Decor during the 1st quarter valued at approximately $25,065,000. Bessemer Group Inc. raised its position in shares of Floor & Decor by 126.5% during the first quarter. Bessemer Group Inc. now owns 2,761 shares of the company's stock valued at $222,000 after buying an additional 1,542 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Floor & Decor in the first quarter worth $2,180,000.

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.