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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
