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

Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually large options trading activity on Monday. Stock investors acquired 6,777 put options on the stock. This is an increase of approximately 80% compared to the average volume of 3,761 put options.

Analyst Upgrades and Downgrades

FND has been the topic of a number of research analyst reports. Piper Sandler upped their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Robert W. Baird reissued an “outperform” rating and set a $127.00 price objective on shares of Floor & Decor in a research report on Tuesday. UBS Group cut their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Wedbush reissued an “outperform” rating and set a $125.00 price objective on shares of Floor & Decor in a research report on Friday, May 3rd. Finally, Mizuho cut their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.62.

Insider Buying and Selling

In related news, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Starrett sold 1,569 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the sale, the director now directly owns 118,620 shares in the company, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock valued at $5,182,791 over the last 90 days. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FND. Riverview Trust Co bought a new position in shares of Floor & Decor during the 1st quarter valued at approximately $26,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor during the 4th quarter valued at approximately $33,000. Rise Advisors LLC bought a new position in shares of Floor & Decor during the 1st quarter valued at approximately $39,000. Global Retirement Partners LLC grew its position in shares of Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of Floor & Decor during the 4th quarter valued at approximately $53,000.

Floor & Decor Trading Up 0.9 %

NYSE:FND opened at $96.09 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 10.24 and a beta of 1.74. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The firm has a 50-day moving average price of $114.29 and a two-hundred day moving average price of $113.99.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. On average, equities analysts expect that Floor & Decor will post 1.89 earnings per share for the current fiscal year.

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.