Short Interest in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Decreases By 7.6%

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 5,690,000 shares, a drop of 7.6% from the January 15th total of 6,160,000 shares. Currently, 21.1% of the company’s stock are sold short. Based on an average trading volume of 514,500 shares, the short-interest ratio is presently 11.1 days.

Insider Activity

In related news, major shareholder Fund 1 Investments, Llc acquired 61,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $7.33 per share, with a total value of $447,130.00. Following the acquisition, the insider now owns 4,285,364 shares in the company, valued at $31,411,718.12. This represents a 1.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 1,310,605 shares of company stock worth $10,322,986 in the last quarter. Corporate insiders own 51.00% of the company’s stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLWS. Empowered Funds LLC lifted its position in shares of 1-800-FLOWERS.COM by 50.3% during the 3rd quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock worth $2,701,000 after buying an additional 114,072 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $112,000 after purchasing an additional 1,623 shares in the last quarter. GSA Capital Partners LLP acquired a new position in 1-800-FLOWERS.COM in the 3rd quarter valued at approximately $947,000. Jane Street Group LLC lifted its holdings in shares of 1-800-FLOWERS.COM by 66.1% during the third quarter. Jane Street Group LLC now owns 56,440 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 22,460 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of 1-800-FLOWERS.COM by 12.9% in the fourth quarter. Arkadios Wealth Advisors now owns 35,215 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 4,015 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

1-800-FLOWERS.COM Price Performance

1-800-FLOWERS.COM stock traded down $0.35 during mid-day trading on Tuesday, reaching $8.74. 880,767 shares of the company were exchanged, compared to its average volume of 656,483. The firm has a market cap of $555.86 million, a PE ratio of -79.45 and a beta of 1.58. The company has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $8.15. 1-800-FLOWERS.COM has a 12 month low of $6.56 and a 12 month high of $11.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 0.41.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, January 30th. The specialty retailer reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.76%. As a group, equities research analysts expect that 1-800-FLOWERS.COM will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on FLWS shares. DA Davidson reiterated a “neutral” rating and issued a $7.50 price target on shares of 1-800-FLOWERS.COM in a research note on Thursday, January 30th. StockNews.com downgraded shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note 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, February 1st.

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.