Insider Buying: 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Major Shareholder Acquires 89,301 Shares of Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc acquired 89,301 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $8.38 per share, for a total transaction of $748,342.38. Following the completion of the acquisition, the insider now directly owns 4,668,665 shares in the company, valued at approximately $39,123,412.70. The trade was a 1.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 17th, Fund 1 Investments, Llc bought 37,000 shares of 1-800-FLOWERS.COM stock. The stock was purchased at an average price of $8.15 per share, with a total value of $301,550.00.
• On Wednesday, January 15th, Fund 1 Investments, Llc acquired 97,000 shares of 1-800-FLOWERS.COM stock. The stock was purchased at an average cost of $7.64 per share, with a total value of $741,080.00.
• On Monday, January 13th, Fund 1 Investments, Llc acquired 61,000 shares of 1-800-FLOWERS.COM stock. The stock was purchased at an average price of $7.33 per share, with a total value of $447,130.00.
• On Friday, January 10th, Fund 1 Investments, Llc bought 50,000 shares of 1-800-FLOWERS.COM stock. The stock was acquired at an average price of $7.18 per share, for a total transaction of $359,000.00.
• On Monday, November 4th, Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock. The shares were sold at an average price of $7.80, for a total value of $312,000.00.

1-800-FLOWERS.COM Stock Performance

Shares of FLWS opened at $8.40 on Thursday. 1-800-FLOWERS.COM, Inc. has a 1 year low of $7.01 and a 1 year high of $11.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.41. The stock’s fifty day moving average price is $7.83 and its two-hundred day moving average price is $8.34. The firm has a market cap of $539.45 million, a PE ratio of -60.00, a PEG ratio of 3.19 and a beta of 1.58.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. The business had revenue of $193.20 million for the quarter, compared to analysts’ expectations of $246.88 million. 1-800-FLOWERS.COM had a positive return on equity of 2.10% and a negative net margin of 0.50%. The firm’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.48) EPS. On average, equities research analysts forecast that 1-800-FLOWERS.COM, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson upped their price objective on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com downgraded shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a research note on Saturday, January 18th.

Institutional Trading of 1-800-FLOWERS.COM

A number of institutional investors have recently modified their holdings of FLWS. Hennion & Walsh Asset Management Inc. raised its holdings in 1-800-FLOWERS.COM by 3.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer’s stock valued at $353,000 after acquiring an additional 1,472 shares during the period. JPMorgan Chase & Co. grew its position in shares of 1-800-FLOWERS.COM by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 1,623 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of 1-800-FLOWERS.COM by 8.9% during the 2nd quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 2,100 shares during the period. Hsbc Holdings PLC lifted its holdings in 1-800-FLOWERS.COM by 7.2% during the 2nd quarter. Hsbc Holdings PLC now owns 32,034 shares of the specialty retailer’s stock worth $304,000 after purchasing an additional 2,148 shares in the last quarter. Finally, State Street Corp boosted its stake in 1-800-FLOWERS.COM by 0.5% in the 3rd quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock worth $4,755,000 after purchasing an additional 2,886 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.