1-800 FLOWERS.COM (NASDAQ:FLWS) Announces Earnings Results

Key Points

• 1-800 FLOWERS.COM reported a quarterly loss of ($0.69) earnings per share, missing the consensus estimate of ($0.51), with revenue down 6.7% year-over-year.
• The company's stock has a current market capitalization of $338.77 million, with shares opening at $5.33.
• Brokerages have downgraded their ratings on FLWS, with Weiss Ratings giving it a "sell" rating and a consensus price target of $7.50.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) released its quarterly earnings results on Thursday. The specialty retailer reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.18), Zacks reports. The firm had revenue of $336.62 million for the quarter, compared to analysts' expectations of $330.58 million. 1-800 FLOWERS.COM had a negative net margin of 11.86% and a negative return on equity of 12.64%. The business's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) EPS.

1-800 FLOWERS.COM Trading Down 2.5%

1-800 FLOWERS.COM stock traded down $0.13 during mid-day trading on Monday, hitting $4.97. The company's stock had a trading volume of 889,483 shares, compared to its average volume of 692,787. The company has a 50 day moving average of $5.63 and a 200-day moving average of $5.56. The stock has a market cap of $315.89 million, a PE ratio of -1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 1.55. 1-800 FLOWERS.COM has a one year low of $3.86 and a one year high of $9.24.

Insider Buying and Selling

In other 1-800 FLOWERS.COM news, major shareholder Fund 1 Investments, Llc acquired 40,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were bought at an average price of $4.97 per share, with a total value of $198,800.00. Following the transaction, the insider directly owned 9,479,673 shares of the company's stock, valued at $47,113,974.81. The trade was a 0.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders acquired 87,577 shares of company stock valued at $438,433. Corporate insiders own 51.00% of the company's stock.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

Hedge funds have recently bought and sold shares of the business. State of Wyoming raised its position in 1-800 FLOWERS.COM by 197.8% during the 2nd quarter. State of Wyoming now owns 9,833 shares of the specialty retailer's stock valued at $48,000 after purchasing an additional 6,531 shares in the last quarter. Russell Investments Group Ltd. raised its position in 1-800 FLOWERS.COM by 62.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,232 shares of the specialty retailer's stock valued at $114,000 after purchasing an additional 8,889 shares in the last quarter. Strs Ohio bought a new stake in 1-800 FLOWERS.COM during the 1st quarter valued at $157,000. Rhumbline Advisers raised its position in 1-800 FLOWERS.COM by 34.0% during the 2nd quarter. Rhumbline Advisers now owns 53,581 shares of the specialty retailer's stock valued at $264,000 after purchasing an additional 13,599 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in 1-800 FLOWERS.COM during the 2nd quarter valued at $339,000. Institutional investors own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

FLWS has been the subject of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a report on Saturday, August 30th. Wall Street Zen cut 1-800 FLOWERS.COM from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, 1-800 FLOWERS.COM currently has a consensus rating of "Hold" and an average target price of $7.50.

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.