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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of some unusual options trading on Thursday. Stock traders bought 3,615 put options on the company. This represents an increase of approximately 69% compared to the average daily volume of 2,133 put options.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FND. Telsey Advisory Group reissued a "market perform" rating and set a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective for the company. Wedbush reiterated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Wells Fargo & Company raised their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Stock Down 1.2 %

Shares of NYSE FND traded down $1.26 during trading hours on Thursday, hitting $101.07. The company had a trading volume of 719,153 shares, compared to its average volume of 1,479,325. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm's 50 day moving average is $106.13 and its 200-day moving average is $106.69. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The stock has a market capitalization of $10.84 billion, a P/E ratio of 56.15, a price-to-earnings-growth ratio of 14.75 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. On average, analysts expect that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently added to or reduced their stakes in FND. FMR LLC grew its position in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. State Street Corp lifted its holdings in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company's stock worth $468,097,000 after buying an additional 222,980 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company's stock valued at $279,732,000 after acquiring an additional 85,299 shares during the period. Geode Capital Management LLC grew its stake in shares of Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock valued at $222,357,000 after acquiring an additional 24,509 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after acquiring an additional 223,332 shares during the period.

About Floor & Decor

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.