1-800 FLOWERS.COM (NASDAQ:FLWS – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.
Several other equities analysts also recently commented on FLWS. Weiss Ratings reissued a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research report on Wednesday, June 24th. Wall Street Zen upgraded 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Noble Financial reissued 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 and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.75.
Get Our Latest Research Report on 1-800 FLOWERS.COM
1-800 FLOWERS.COM Price Performance
1-800 FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last posted its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The business 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, research analysts expect that 1-800 FLOWERS.COM will post -1.23 EPS for the current fiscal year.
Insiders Place Their Bets
In other 1-800 FLOWERS.COM news, major shareholder Fund 1 Investments, Llc sold 720,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $4.19, for a total transaction of $3,016,800.00. Following the completion of the sale, the insider directly owned 4,096,242 shares in the company, valued at $17,163,253.98. This represents a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 1,752,433 shares of company stock worth $7,555,619. 52.16% of the stock is owned by insiders.
Institutional Trading of 1-800 FLOWERS.COM
Several hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC increased its position in 1-800 FLOWERS.COM by 10.6% in the 4th quarter. Jump Financial LLC now owns 34,849 shares of the specialty retailer’s stock worth $137,000 after buying an additional 3,347 shares during the period. Intech Investment Management LLC boosted its position in shares of 1-800 FLOWERS.COM by 32.4% in the fourth quarter. Intech Investment Management LLC now owns 19,022 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 4,651 shares during the period. Quarry LP grew its stake in shares of 1-800 FLOWERS.COM by 538,100.0% in the third quarter. Quarry LP now owns 5,382 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 5,381 shares during the last quarter. Barclays PLC grew its stake in shares of 1-800 FLOWERS.COM by 17.8% in the fourth quarter. Barclays PLC now owns 36,342 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 1-800 FLOWERS.COM by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 84,968 shares of the specialty retailer’s stock worth $258,000 after acquiring an additional 5,568 shares during the period. 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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