Wall Street Zen downgraded shares of 1-800 FLOWERS.COM (NASDAQ:FLWS – Free Report) from a sell rating to a strong sell rating in a research note issued to investors on Sunday morning.
Separately, Noble Financial restated an “outperform” rating on shares of 1-800 FLOWERS.COM in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.75.
View Our Latest Stock Report on FLWS
1-800 FLOWERS.COM Price Performance
1-800 FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last released its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The firm had revenue of $293.01 million during the quarter, compared to the consensus estimate of $292.42 million. 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%. As a group, equities research analysts forecast that 1-800 FLOWERS.COM will post -1.23 EPS for the current year.
Insiders Place Their Bets
In related news, major shareholder Fund 1 Investments, Llc sold 489,238 shares of 1-800 FLOWERS.COM stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $4.17, for a total transaction of $2,040,122.46. Following the completion of the sale, the insider owned 3,607,004 shares in the company, valued at $15,041,206.68. This trade represents a 11.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 1,752,433 shares of company stock worth $7,555,619. Company insiders own 52.16% of the company’s stock.
Institutional Investors Weigh In On 1-800 FLOWERS.COM
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its holdings in 1-800 FLOWERS.COM by 23.7% during the 1st quarter. Gabelli Funds LLC now owns 235,000 shares of the specialty retailer’s stock valued at $714,000 after buying an additional 45,000 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in 1-800 FLOWERS.COM by 4.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,284,900 shares of the specialty retailer’s stock valued at $3,906,000 after buying an additional 57,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in 1-800 FLOWERS.COM by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 84,968 shares of the specialty retailer’s stock valued at $258,000 after buying an additional 5,568 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in 1-800 FLOWERS.COM by 156,238.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,324 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 20,311 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in 1-800 FLOWERS.COM by 7.8% during the 4th quarter. Invesco Ltd. now owns 123,231 shares of the specialty retailer’s stock valued at $484,000 after buying an additional 8,950 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.
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.
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