Floor & Decor Target of Unusually High Options Trading (NYSE:FND) – Riverton Roll

Floor & Decor Holdings Inc (NYSE:FND) saw some unusual options trading activity on Wednesday. Stock traders acquired 1,637 call options on the company. This represents an increase of approximately 1,150% compared to the typical daily volume of 131 call options.

In related news, Director Peter Starrett sold 33,000 shares of Floor & Decor stock in a transaction on Monday, December 16th. The shares were sold at an average price of $50.65, for a total transaction of $1,671,450.00. Following the transaction, the director now owns 38,128 shares in the company, valued at approximately $1,931,183.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Corporate Opportunities F. Ares sold 7,105,728 shares of Floor & Decor stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $43.80, for a total transaction of $311,230,886.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,244,980 shares of company stock worth $317,685,243. 7.00% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in Floor & Decor by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 66,100 shares of the companys stock valued at $3,381,000 after purchasing an additional 433 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Floor & Decor by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,304 shares of the companys stock valued at $4,108,000 after purchasing an additional 462 shares during the last quarter. First Mercantile Trust Co. grew its holdings in Floor & Decor by 10.9% during the 2nd quarter. First Mercantile Trust Co. now owns 4,920 shares of the companys stock valued at $206,000 after purchasing an additional 485 shares during the last quarter. Fenimore Asset Management Inc. grew its holdings in Floor & Decor by 0.3% during the 4th quarter. Fenimore Asset Management Inc. now owns 190,543 shares of the companys stock valued at $9,681,000 after purchasing an additional 613 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY grew its holdings in Floor & Decor by 15.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,971 shares of the companys stock valued at $254,000 after purchasing an additional 675 shares during the last quarter.

Several brokerages have commented on FND. Jefferies Financial Group boosted their price target on shares of Floor & Decor from $52.00 to $59.00 and gave the stock a buy rating in a research note on Monday, January 6th. They noted that the move was a valuation call. UBS Group boosted their price target on shares of Floor & Decor from $51.00 to $53.00 and gave the stock a buy rating in a research note on Monday, November 4th. Piper Jaffray Companies set a $49.00 price target on shares of Floor & Decor and gave the stock a hold rating in a research note on Tuesday, October 15th. Raymond James began coverage on shares of Floor & Decor in a research note on Monday, October 7th. They issued a strong-buy rating and a $70.00 price target on the stock. Finally, ValuEngine upgraded shares of Floor & Decor from a strong sell rating to a sell rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $48.61.

Shares of NYSE FND opened at $48.87 on Friday. The firms 50-day moving average price is $49.26 and its 200-day moving average price is $46.23. The company has a current ratio of 1.31, a quick ratio of 0.32 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 50.38, a P/E/G ratio of 1.50 and a beta of 1.88. Floor & Decor has a 12-month low of $29.03 and a 12-month high of $53.00.

Floor & Decor (NYSE:FND) last announced its earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $521.10 million for the quarter, compared to analysts expectations of $524.00 million. Floor & Decor had a net margin of 6.81% and a return on equity of 17.58%. The businesss revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, equities analysts predict that Floor & Decor will post 1.1 EPS for the current fiscal year.

Floor & Decor Company Profile

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, vinyl, 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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Floor & Decor Target of Unusually High Options Trading (NYSE:FND) - Riverton Roll