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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading activity on Wednesday. Investors acquired 53,584 put options on the company. This represents an increase of approximately 9,091% compared to the typical daily volume of 583 put options.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FND shares. The Goldman Sachs Group set a $53.00 price target on shares of Floor & Decor in a report on Saturday, August 1st. Citigroup reduced their target price on shares of Floor & Decor from $59.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday. Wall Street Zen raised Floor & Decor from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Piper Sandler boosted their target price on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.74.

Insiders Place Their Bets

In related news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $62.30, for a total value of $13,593,174.70. Following the transaction, the insider owned 229,820 shares in the company, valued at $14,317,786. The trade was a 48.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Worldly Partners Management LLC lifted its holdings in shares of Floor & Decor by 3.2% during the 2nd quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after purchasing an additional 42,000 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Floor & Decor during the 2nd quarter worth $1,822,000. Atom Investors LP grew its stake in Floor & Decor by 252.0% during the 4th quarter. Atom Investors LP now owns 88,938 shares of the company’s stock worth $5,415,000 after buying an additional 63,675 shares during the last quarter. Principal Financial Group Inc. increased its position in Floor & Decor by 6.5% during the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock valued at $347,354,000 after buying an additional 416,572 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Floor & Decor by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock valued at $132,424,000 after buying an additional 659,355 shares in the last quarter.

Floor & Decor Trading Down 2.6%

Shares of NYSE:FND traded down $1.18 on Wednesday, hitting $43.54. 1,507,576 shares of the company’s stock were exchanged, compared to its average volume of 2,675,585. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.61 and a beta of 1.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.45. Floor & Decor has a 12 month low of $42.64 and a 12 month high of $77.46. The business’s 50 day simple moving average is $50.81 and its two-hundred day simple moving average is $51.68.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Floor & Decor had a net margin of 4.93% and a return on equity of 8.20%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. Analysts anticipate that Floor & Decor will post 1.99 EPS for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.