1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Major Shareholder Buys $359,000.00 in Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc bought 50,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $7.18 per share, for a total transaction of $359,000.00. Following the completion of the acquisition, the insider now owns 4,224,364 shares of the company’s stock, valued at $30,330,933.52. This trade represents a 1.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% 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 Wednesday, January 15th, Fund 1 Investments, Llc acquired 97,000 shares of 1-800-FLOWERS.COM stock. The shares were acquired at an average price of $7.64 per share, with a total value of $741,080.00.
• On Monday, January 13th, Fund 1 Investments, Llc bought 61,000 shares of 1-800-FLOWERS.COM stock. The stock was acquired at an average price of $7.33 per share, for a total transaction of $447,130.00.
• On Monday, November 4th, Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock. The stock was sold at an average price of $7.80, for a total transaction of $312,000.00.

1-800-FLOWERS.COM Stock Performance

1-800-FLOWERS.COM stock opened at $8.14 on Friday. 1-800-FLOWERS.COM, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $11.42. The firm’s 50 day simple moving average is $7.86 and its 200-day simple moving average is $8.38. 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 company has a market cap of $522.75 million, a P/E ratio of -58.14, a price-to-earnings-growth ratio of 2.81 and a beta of 1.58.

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

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in 1-800-FLOWERS.COM during the 3rd quarter valued at about $41,000. SG Americas Securities LLC purchased a new stake in shares of 1-800-FLOWERS.COM in the third quarter worth approximately $106,000. JPMorgan Chase & Co. boosted its holdings in shares of 1-800-FLOWERS.COM by 13.0% during the third quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock worth $112,000 after purchasing an additional 1,623 shares during the period. Paloma Partners Management Co purchased a new position in 1-800-FLOWERS.COM during the third quarter valued at approximately $121,000. Finally, Federated Hermes Inc. lifted its position in 1-800-FLOWERS.COM by 8.9% in the 2nd quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock worth $244,000 after buying an additional 2,100 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FLWS. DA Davidson increased their price objective on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com downgraded 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Saturday, November 9th.

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.