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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 9,112 put options on the company. This is an increase of 231% compared to the typical volume of 2,749 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FND. Duality Advisers LP acquired a new stake in Floor & Decor in the first quarter valued at about $4,238,000. Russell Investments Group Ltd. lifted its holdings in Floor & Decor by 15.0% in the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company's stock valued at $12,050,000 after acquiring an additional 12,158 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of Floor & Decor during the 1st quarter worth $24,791,000. Capital International Investors increased its holdings in shares of Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company's stock valued at $137,806,000 after purchasing an additional 73,448 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Floor & Decor by 166.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company's stock valued at $8,073,000 after buying an additional 38,895 shares in the last quarter.

Floor & Decor Stock Down 1.7 %

NYSE:FND traded down $1.78 during midday trading on Tuesday, hitting $100.06. 2,133,552 shares of the company were exchanged, compared to its average volume of 1,423,890. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a market capitalization of $10.71 billion, a PE ratio of 48.34, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $112.00 and a 200 day simple moving average of $108.92.

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

Analyst Ratings Changes

Several equities analysts have recently commented on FND shares. JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Guggenheim lowered their price target on Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Citigroup cut their price objective on Floor & Decor from $109.00 to $104.00 and set a "neutral" rating on the stock in a report on Friday, July 19th. Wedbush restated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday. Finally, Truist Financial cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $104.76.

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.