1-800 FLOWERS.COM (NASDAQ:FLWS) Major Shareholder Sells $2,040,122.46 in Stock

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc sold 489,238 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $4.17, for a total value of $2,040,122.46. Following the transaction, the insider directly owned 3,607,004 shares in the company, valued at approximately $15,041,206.68. This represents a 11.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Tuesday, April 21st, Fund 1 Investments, Llc sold 720,000 shares of 1-800 FLOWERS.COM stock. The stock was sold at an average price of $4.19, for a total value of $3,016,800.00.
• On Monday, April 20th, Fund 1 Investments, Llc sold 543,195 shares of 1-800 FLOWERS.COM stock. The stock was sold at an average price of $4.60, for a total value of $2,498,697.00.

1-800 FLOWERS.COM Trading Down 1.5%

Shares of NASDAQ:FLWS traded down $0.06 on Wednesday, hitting $3.94. 3,584,246 shares of the company’s stock were exchanged, compared to its average volume of 677,220. The stock has a market capitalization of $252.42 million, a price-to-earnings ratio of -1.18 and a beta of 1.24. 1-800 FLOWERS.COM, Inc. has a 12 month low of $2.88 and a 12 month high of $8.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.81. The business’s 50 day simple moving average is $3.37 and its two-hundred day simple moving average is $3.79.

1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.34. 1-800 FLOWERS.COM had a negative net margin of 13.41% and a negative return on equity of 23.80%. The firm had revenue of $702.18 million for the quarter, compared to analysts’ expectations of $700.58 million. Analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On 1-800 FLOWERS.COM

Institutional investors have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC lifted its position in shares of 1-800 FLOWERS.COM by 68.4% during the third quarter. Nantahala Capital Management LLC now owns 3,368,065 shares of the specialty retailer’s stock valued at $15,493,000 after buying an additional 1,368,065 shares during the last quarter. Newtyn Management LLC grew its position in shares of 1-800 FLOWERS.COM by 56.3% in the 3rd quarter. Newtyn Management LLC now owns 2,516,466 shares of the specialty retailer’s stock worth $11,576,000 after buying an additional 906,911 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of 1-800 FLOWERS.COM by 337.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,209,640 shares of the specialty retailer’s stock worth $4,754,000 after buying an additional 933,063 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 1-800 FLOWERS.COM by 31.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,125,083 shares of the specialty retailer’s stock worth $5,175,000 after acquiring an additional 272,056 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of 1-800 FLOWERS.COM by 72.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,021,000 shares of the specialty retailer’s stock worth $4,013,000 after acquiring an additional 427,900 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised 1-800 FLOWERS.COM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Noble Financial raised 1-800 FLOWERS.COM from a “market perform” rating to an “outperform” rating and set a $3.75 target price for the company in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.75.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.