Stratasys, Globus Maritime, and More: Why Traders Are Piling Into These Stocks

Floor & Decor Holdings Inc. (NYSE:FND) shareholders are having a great day as the stock is over 25% in the green due to a strong third quarter report. Adjusted EPS for the period was $0.24 per share while sales came in at $435.9 million, beating the consensus of $0.22 per share and $428.9 million. Sales were stronger than expected due to comparable store sales rising 11.1%. For FY18, management sees adjusted EPS of $0.93-$0.96 and sales of $1.702-$1.71 billion. In terms of analyst commentary, Anthony Chukumba of Loop Capital believes the long story is intact due to the ‘beat and reiterate’ quarter. Chukumba believes FND will continue to capture market share and has a $45 price target. 14 elite funds were long around $150 million worth of Floor & Decor Holdings Inc. (NYSE:FND) at the end of June.

Speaking of stocks surging due to earnings, 1-800 FLOWERS.COM Inc. (NASDAQ:FLWS) delivered some good news to shareholders after reporting a narrower than expected loss for Q1. The company’s loss came in at $0.27 per share versus estimates of $0.29 per share, while sales of $169.5 million comfortably beat the consensus of $165.6 million. Sales rose 7.7% year over year due to double digit growth in the company’s BloomNet and 1-800-Flowers business. CEO Chris McCann said, “These results reflect the continuation of several positive trends, particularly the further expansion of the 1-800-Flowers brand’s leadership position in the consumer floral space and the significant order volume growth in our BloomNet business. These trends reflect the investments we have been making to take advantage of market conditions to drive sustainable, accelerated growth.” In terms of hedge fund sentiment, the number of top funds that were long 1-800 FLOWERS.COM Inc. (NASDAQ:FLWS) rose by two quarter over quarter to 13 at the end of Q2. Those funds owned almost $40 million at that time.

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