1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Short Interest Up 9.0% in September

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,650,000 shares, an increase of 9.0% from the September 15th total of 3,350,000 shares. Currently, 13.2% of the shares of the stock are sold short. Based on an average trading volume of 284,100 shares, the short-interest ratio is presently 12.8 days.

1-800-FLOWERS.COM Price Performance

FLWS stock traded up $0.07 on Thursday, hitting $8.43. 153,862 shares of the company’s stock traded hands, compared to its average volume of 314,586. 1-800-FLOWERS.COM has a 1-year low of $6.89 and a 1-year high of $11.42. The stock has a market cap of $541.29 million, a price-to-earnings ratio of -69.67, a P/E/G ratio of 3.03 and a beta of 1.62. The stock has a fifty day moving average of $8.22 and a 200-day moving average of $9.03. The company has a current ratio of 1.69, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, August 29th. The specialty retailer reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.07). 1-800-FLOWERS.COM had a negative net margin of 0.33% and a positive return on equity of 2.45%. The business had revenue of $360.90 million for the quarter, compared to analyst estimates of $374.40 million. During the same period in the prior year, the company earned ($0.28) earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts forecast that 1-800-FLOWERS.COM will post 0.17 EPS for the current fiscal year.

Institutional Trading of 1-800-FLOWERS.COM

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLWS. nVerses Capital LLC purchased a new stake in shares of 1-800-FLOWERS.COM in the 3rd quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC lifted its position in shares of 1-800-FLOWERS.COM by 96.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 5,173 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of 1-800-FLOWERS.COM in the 3rd quarter valued at approximately $106,000. EntryPoint Capital LLC purchased a new stake in shares of 1-800-FLOWERS.COM in the 1st quarter valued at approximately $167,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of 1-800-FLOWERS.COM by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after acquiring an additional 1,287 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson raised shares of 1-800-FLOWERS.COM from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $8.00 to $7.00 in a research note on Friday, August 30th.

About 1-800-FLOWERS.COM

1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.