On March 30, 2023 at 11:57:32 ET an unusually large $366.69K block of Put contracts in Floor & Decor Holdings (FND) was sold, with a strike price of $85.00 / share, expiring in 22 days (on April 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.29 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in FND options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 4.24% Upside
As of March 28, 2023, the average one-year price target for Floor & Decor Holdings is $98.45. The forecasts range from a low of $73.73 to a high of $126.00. The average price target represents an increase of 4.24% from its latest reported closing price of $94.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Floor & Decor Holdings is $4,989MM, an increase of 16.99%. The projected annual non-GAAP EPS is $3.13.
What is the Fund Sentiment?
There are 788 funds or institutions reporting positions in Floor & Decor Holdings. This is an increase of 5 owner(s) or 0.64% in the last quarter. Average portfolio weight of all funds dedicated to FND is 0.48%, an increase of 24.33%. Total shares owned by institutions increased in the last three months by 3.48% to 144,105K shares. The put/call ratio of FND is 1.06, indicating a bearish outlook.
What are Large Shareholders Doing?
Capital World Investors holds 12,835K shares representing 12.06% ownership of the company. In it's prior filing, the firm reported owning 12,752K shares, representing an increase of 0.65%. The firm decreased its portfolio allocation in FND by 5.29% over the last quarter.
Price T Rowe Associates holds 12,227K shares representing 11.48% ownership of the company. In it's prior filing, the firm reported owning 10,278K shares, representing an increase of 15.94%. The firm increased its portfolio allocation in FND by 15.76% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 5,922K shares representing 5.56% ownership of the company. In it's prior filing, the firm reported owning 4,567K shares, representing an increase of 22.88%. The firm increased its portfolio allocation in FND by 31.64% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 5,623K shares representing 5.28% ownership of the company. In it's prior filing, the firm reported owning 5,628K shares, representing a decrease of 0.09%. The firm decreased its portfolio allocation in FND by 7.04% over the last quarter.
Berkshire Hathaway holds 4,780K shares representing 4.49% ownership of the company. No change in the last quarter.
Floor & Decor Holdings Background Information
(This description is provided by the company.)
Floor & Decor is a multi-channel specialty retailer operating 128 warehouse-format stores and two design centers across 30 states at the end of the third quarter of fiscal 2020. The Company offers a broad assortment of in-stock hard-surface flooring, including tile, wood, laminate/luxury vinyl plank, and natural stone along with decorative and installation accessories, at everyday low prices. The Company was founded in 2000 and is headquartered in Atlanta, Georgia.
This story originally appeared on Fintel.
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