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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading on Tuesday. Investors purchased 12,576 put options on the stock. This represents an increase of 308% compared to the average daily volume of 3,085 put options.

Insider Transactions at Floor & Decor

In other news, President Bradley Paulsen purchased 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $60.27 per share, with a total value of $301,350.00. Following the purchase, the president directly owned 30,000 shares of the company’s stock, valued at approximately $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the stock. Capital World Investors grew its position in Floor & Decor by 37.2% during the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after buying an additional 1,872,892 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 46.0% in the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after acquiring an additional 2,015,999 shares during the period. State Street Corp grew its holdings in shares of Floor & Decor by 1.1% during the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Floor & Decor by 19.2% during the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock valued at $206,397,000 after purchasing an additional 437,396 shares during the period. Finally, Timucuan Asset Management Inc. FL raised its stake in shares of Floor & Decor by 9.0% in the second quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock valued at $196,023,000 after purchasing an additional 214,151 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FND shares. JPMorgan Chase & Co. reduced their target price on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Piper Sandler upgraded shares of Floor & Decor from a “neutral” rating to an “overweight” rating and raised their price target for the company from $75.00 to $80.00 in a report on Wednesday, November 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $80.00 price objective on shares of Floor & Decor in a report on Wednesday, December 17th. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and cut their target price for the company from $80.00 to $71.00 in a report on Thursday, November 13th. Finally, Cowen reiterated a “hold” rating on shares of Floor & Decor in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $82.55.

Floor & Decor Stock Performance

NYSE:FND traded down $3.46 during mid-day trading on Tuesday, hitting $72.61. 1,559,279 shares of the company’s stock traded hands, compared to its average volume of 2,965,815. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 2.97 and a beta of 1.73. The firm has a 50 day moving average of $64.14 and a two-hundred day moving average of $72.92. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. Floor & Decor has a 12 month low of $55.11 and a 12 month high of $108.76.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Floor & Decor’s revenue for the quarter was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities analysts forecast that Floor & Decor will post 2 earnings per share for the current fiscal year.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.