1-800 FLOWERS.COM (NASDAQ:FLWS) Share Price Passes Above 200-Day Moving Average - Here's Why

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.16 and traded as high as $6.78. 1-800 FLOWERS.COM shares last traded at $6.65, with a volume of 3,789,511 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FLWS shares. 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 restated a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a report on Saturday, July 12th. Finally, Noble Financial downgraded 1-800 FLOWERS.COM from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th.

1-800 FLOWERS.COM Price Performance

The company has a fifty day moving average of $5.23 and a 200-day moving average of $6.12. The firm has a market cap of $405.51 million, a P/E ratio of -2.41 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.73.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The specialty retailer reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.37). 1-800 FLOWERS.COM had a negative return on equity of 7.12% and a negative net margin of 9.88%. The company had revenue of $331.45 million for the quarter, compared to the consensus estimate of $367.85 million. During the same quarter last year, the company posted ($0.28) EPS. The company's quarterly revenue was down 23.1% compared to the same quarter last year. On average, sell-side analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other 1-800 FLOWERS.COM news, major shareholder Fund 1 Investments, Llc acquired 105,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of $4.57 per share, with a total value of $479,850.00. Following the completion of the transaction, the insider owned 9,223,777 shares in the company, valued at approximately $42,152,660.89. This trade represents a 1.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 523,049 shares of company stock valued at $2,536,742 over the last 90 days. 51.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLWS. Nomura Holdings Inc. boosted its position in 1-800 FLOWERS.COM by 63.6% in the fourth quarter. Nomura Holdings Inc. now owns 2,941,572 shares of the specialty retailer's stock worth $24,033,000 after purchasing an additional 1,143,027 shares during the last quarter. ING Groep NV purchased a new position in 1-800 FLOWERS.COM in the first quarter worth $4,425,000. Fund 1 Investments LLC lifted its position in shares of 1-800 FLOWERS.COM by 12.4% during the 4th quarter. Fund 1 Investments LLC now owns 4,174,364 shares of the specialty retailer's stock valued at $34,105,000 after buying an additional 461,000 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of 1-800 FLOWERS.COM during the 1st quarter valued at $1,957,000. Finally, Cannell Capital LLC purchased a new position in shares of 1-800 FLOWERS.COM during the 4th quarter valued at $628,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

1-800 FLOWERS.COM Company Profile

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.