The store stocks tile, wood, laminate and vinyl. Its ribbon cutting is set for Nov. 5 at 10 a.m. ET, followed by a trade event.

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Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of unusually large options trading on Wednesday. Stock 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.

Wall Street has set ambitious price targets for the stocks in this article. While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.

Citigroup decreased their price target on Floor & Decor from $59.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday.

Floor & Decor (NYSE:FND) sees a lower price target and neutral rating, even as quarterly earnings and revenue topped expectations.

Price-action only: Floor & Decor Holdings Inc. (FND) movements set the tone for institutional models. How Floor & Decor Holdings Inc. (FND) Affects Rotational Strategy Timing

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Douglas Lane & Associates LLC raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 75.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,663 shares of the company