1-800 FLOWERS.COM (NASDAQ:FLWS) Major Shareholder Sells $2,498,697.00 in Stock

Key Points

• Fund 1 Investments sold 543,195 shares on April 20 at $4.60 (value $2,498,697) and then sold 720,000 (Apr 21) and 489,238 (Apr 22), totaling about 1.75M shares for roughly $7.56M; the Apr 20 filing showed its stake fell by 10.14% to 4,816,242 shares (≈$22.15M).
• Shares of 1-800 FLOWERS.COM were trading near $3.94 on heavy volume (3.58M vs. avg 677k), the company has a market cap of about $252M and negative earnings metrics (P/E -1.18), and analysts hold a consensus Hold rating with a $3.75 target.

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Get Free Report) major shareholder Fund 1 Investments, Llc sold 543,195 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $4.60, for a total value of $2,498,697.00. Following the sale, the insider owned 4,816,242 shares in the company, valued at approximately $22,154,713.20. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Wednesday, April 22nd, Fund 1 Investments, Llc sold 489,238 shares of 1-800 FLOWERS.COM stock. The stock was sold at an average price of $4.17, for a total value of $2,040,122.46.
• On Tuesday, April 21st, Fund 1 Investments, Llc sold 720,000 shares of 1-800 FLOWERS.COM stock. The shares were sold at an average price of $4.19, for a total value of $3,016,800.00.

1-800 FLOWERS.COM Stock Performance

Shares of NASDAQ:FLWS traded down $0.06 during midday trading on Wednesday, reaching $3.94. 3,584,246 shares of the company's stock traded hands, compared to its average volume of 677,220. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 1.25. 1-800 FLOWERS.COM, Inc. has a one year low of $2.88 and a one year high of $8.44. The company has a market cap of $252.42 million, a price-to-earnings ratio of -1.18 and a beta of 1.24. The stock has a 50 day moving average of $3.37 and a 200 day moving average of $3.79.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $1.20 EPS for the quarter, topping the consensus estimate of $0.86 by $0.34. The company had revenue of $702.18 million during the quarter, compared to the consensus estimate of $700.58 million. 1-800 FLOWERS.COM had a negative return on equity of 23.80% and a negative net margin of 13.41%. As a group, equities research analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On 1-800 FLOWERS.COM

Institutional investors and hedge funds have recently bought and sold shares of the business. Nantahala Capital Management LLC lifted its holdings in shares of 1-800 FLOWERS.COM by 68.4% in the third quarter. Nantahala Capital Management LLC now owns 3,368,065 shares of the specialty retailer's stock worth $15,493,000 after buying an additional 1,368,065 shares in the last quarter. Newtyn Management LLC raised its stake in 1-800 FLOWERS.COM by 56.3% during the third quarter. Newtyn Management LLC now owns 2,516,466 shares of the specialty retailer's stock valued at $11,576,000 after purchasing an additional 906,911 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in 1-800 FLOWERS.COM by 337.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,209,640 shares of the specialty retailer's stock valued at $4,754,000 after purchasing an additional 933,063 shares during the last quarter. Vanguard Group Inc. lifted its position in 1-800 FLOWERS.COM by 31.9% during the third quarter. Vanguard Group Inc. now owns 1,125,083 shares of the specialty retailer's stock valued at $5,175,000 after purchasing an additional 272,056 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of 1-800 FLOWERS.COM by 72.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,021,000 shares of the specialty retailer's stock worth $4,013,000 after buying an additional 427,900 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of 1-800 FLOWERS.COM from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 30th. Wall Street Zen raised shares of 1-800 FLOWERS.COM from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, Noble Financial upgraded shares of 1-800 FLOWERS.COM from a "market perform" rating to an "outperform" rating and set a $3.75 target price for the company in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.75.

1-800 FLOWERS.COM Company Profile

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.