Floor & Decor Target of Unusually Large Options Trading (FND)

Floor & Decor Holdings Inc (NYSE:FND) saw some unusual options trading on Wednesday. Stock traders acquired 2,793 call options on the stock. This is an increase of approximately 3,575% compared to the typical daily volume of 76 call options.

Shares of NYSE FND opened at $25.58 on Thursday. The company has a market capitalization of $2.48 billion, a P/E ratio of 37.07, a PEG ratio of 1.07 and a beta of -1.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.50 and a quick ratio of 0.21. Floor & Decor has a 52 week low of $24.01 and a 52 week high of $58.28.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $434.28 million during the quarter, compared to analysts’ expectations of $436.17 million. Floor & Decor had a return on equity of 19.93% and a net margin of 9.10%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. As a group, equities analysts forecast that Floor & Decor will post 0.95 earnings per share for the current year.

Several equities analysts have weighed in on FND shares. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, July 4th. ValuEngine cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Wells Fargo & Co raised Floor & Decor from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $42.00 to $40.00 in a research note on Friday, August 10th. William Blair reaffirmed an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 23rd. Finally, Loop Capital lifted their target price on Floor & Decor from $55.00 to $60.00 and gave the company an “average” rating in a research note on Monday, July 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.24.

In other Floor & Decor news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of Floor & Decor stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $37.00, for a total transaction of $286,531,996.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates raised its holdings in Floor & Decor by 32.4% in the 2nd quarter. Raymond James & Associates now owns 87,768 shares of the company’s stock valued at $4,330,000 after acquiring an additional 21,494 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Floor & Decor by 37,708.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,537 shares of the company’s stock worth $224,000 after buying an additional 4,525 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Floor & Decor during the 2nd quarter worth $257,000. NumerixS Investment Technologies Inc acquired a new position in shares of Floor & Decor during the 2nd quarter worth $325,000. Finally, Centaurus Financial Inc. raised its holdings in shares of Floor & Decor by 70.4% during the 2nd quarter. Centaurus Financial Inc. now owns 131,684 shares of the company’s stock worth $6,496,000 after buying an additional 54,411 shares in the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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