1-800 FLOWERS.COM (NASDAQ:FLWS) Announces Earnings Results, Misses Expectations By $0.18 EPS

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) issued its earnings results on Thursday. The specialty retailer reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.18), Zacks reports. The firm had revenue of $336.62 million during the quarter, compared to analyst estimates of $330.58 million. 1-800 FLOWERS.COM had a negative return on equity of 12.64% and a negative net margin of 11.86%.1-800 FLOWERS.COM's revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) EPS.

1-800 FLOWERS.COM Price Performance

Shares of 1-800 FLOWERS.COM stock traded up $0.12 during midday trading on Tuesday, hitting $5.10. 176,289 shares of the company were exchanged, compared to its average volume of 689,708. The firm has a 50 day simple moving average of $5.63 and a 200-day simple moving average of $5.54. 1-800 FLOWERS.COM has a 52 week low of $3.86 and a 52 week high of $9.24. The firm has a market cap of $324.18 million, a P/E ratio of -1.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.73.

Insider Activity at 1-800 FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc bought 19,920 shares of 1-800 FLOWERS.COM stock in a transaction on Tuesday, June 24th. The shares were purchased at an average price of $5.06 per share, for a total transaction of $100,795.20. Following the completion of the acquisition, the insider owned 9,527,250 shares in the company, valued at approximately $48,207,885. This represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders acquired 87,577 shares of company stock valued at $438,433. 51.00% of the stock is currently owned by company insiders.

Institutional Trading of 1-800 FLOWERS.COM

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming increased its position in 1-800 FLOWERS.COM by 197.8% during the second quarter. State of Wyoming now owns 9,833 shares of the specialty retailer's stock worth $48,000 after buying an additional 6,531 shares during the last quarter. Russell Investments Group Ltd. increased its position in 1-800 FLOWERS.COM by 62.0% during the second quarter. Russell Investments Group Ltd. now owns 23,232 shares of the specialty retailer's stock worth $114,000 after buying an additional 8,889 shares during the last quarter. Strs Ohio acquired a new position in 1-800 FLOWERS.COM during the first quarter worth approximately $157,000. Rhumbline Advisers increased its position in 1-800 FLOWERS.COM by 34.0% during the second quarter. Rhumbline Advisers now owns 53,581 shares of the specialty retailer's stock worth $264,000 after buying an additional 13,599 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in 1-800 FLOWERS.COM during the second quarter worth approximately $339,000. Institutional investors and hedge funds own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FLWS. Wall Street Zen downgraded 1-800 FLOWERS.COM from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.