1-800-FLOWERS.COM’s (FLWS) Neutral Rating Reaffirmed at DA Davidson

1-800-FLOWERS.COM (NASDAQ:FLWS)‘s stock had its “neutral” rating reiterated by analysts at DA Davidson in a report released on Friday,Benzinga reports. They currently have a $7.50 price target on the specialty retailer’s stock. DA Davidson’s price objective indicates a potential upside of 25.21% from the stock’s current price.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a report on Friday, March 7th.

1-800-FLOWERS.COM Stock Down 0.7 %

Shares of FLWS traded down $0.04 during midday trading on Friday, hitting $5.99. The company had a trading volume of 505,956 shares, compared to its average volume of 716,521. The company’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $7.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.03 and a current ratio of 1.51. The firm has a market capitalization of $380.97 million, a P/E ratio of -54.45 and a beta of 1.81. 1-800-FLOWERS.COM has a 1 year low of $5.78 and a 1 year high of $11.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $1.08 earnings per share 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, sell-side analysts expect that 1-800-FLOWERS.COM will post -0.07 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc purchased 50,000 shares of 1-800-FLOWERS.COM stock in a transaction dated Friday, January 10th. The shares were acquired at an average cost of $7.18 per share, with a total value of $359,000.00. Following the purchase, the insider now owns 4,224,364 shares of the company’s stock, valued at approximately $30,330,933.52. The trade was 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 the SEC website. Insiders purchased 1,953,605 shares of company stock valued at $15,151,661 in the last three months. 51.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 1-800-FLOWERS.COM by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,101 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 10,584 shares in the last quarter. Wolverine Trading LLC purchased a new position in shares of 1-800-FLOWERS.COM in the 4th quarter valued at about $110,000. Two Sigma Advisers LP grew its position in shares of 1-800-FLOWERS.COM by 13.0% during the fourth quarter. Two Sigma Advisers LP now owns 13,900 shares of the specialty retailer’s stock worth $114,000 after buying an additional 1,600 shares in the last quarter. Nomura Holdings Inc. increased its stake in shares of 1-800-FLOWERS.COM by 63.6% during the fourth quarter. Nomura Holdings Inc. now owns 2,941,572 shares of the specialty retailer’s stock worth $24,033,000 after buying an additional 1,143,027 shares during the period. Finally, Fund 1 Investments LLC raised its holdings in 1-800-FLOWERS.COM by 12.4% in the fourth quarter. Fund 1 Investments LLC now owns 4,174,364 shares of the specialty retailer’s stock valued at $34,105,000 after acquiring an additional 461,000 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.