Investors Purchase Large Volume of Put Options on Floor & Decor (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of some unusual options trading on Monday. Investors bought 28,849 put options on the company. This is an increase of approximately 830% compared to the average daily volume of 3,102 put options.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded down $3.32 during trading hours on Monday, reaching $66.99. The company had a trading volume of 455,452 shares, compared to its average volume of 1,671,785. The business has a fifty day simple moving average of $84.92 and a 200 day simple moving average of $97.65. The firm has a market cap of $7.19 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. 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 has a one year low of $66.01 and a one year high of $126.74.

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

Institutional Trading of Floor & Decor

A number of large investors have recently modified their holdings of FND. Huntington National Bank lifted its position in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Floor & Decor in the fourth quarter worth $35,000. Blue Trust Inc. increased 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 acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Floor & Decor during the fourth quarter worth about $49,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Floor & Decor in the 4th quarter worth about $49,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FND. JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $103.56.

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.