1-800 FLOWERS.COM (NASDAQ:FLWS) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• 1-800 FLOWERS.COM shares rose above their 200-day moving average of $3.83, reaching $4.17 before closing at $4.03 on trading volume of 135,604 shares.
• Analyst sentiment remains mixed but averages to a “Hold” rating, with one Buy, one Hold and one Sell recommendation; the average price target is $3.75.
• The company reported a quarterly EPS loss of $0.77, slightly worse than the $0.75 expected, while revenue of $293.01 million narrowly exceeded forecasts. Institutional investors own 38.43% of the stock.

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.83 and traded as high as $4.17. 1-800 FLOWERS.COM shares last traded at $4.03, with a volume of 135,604 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of 1-800 FLOWERS.COM from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Wall Street Zen upgraded 1-800 FLOWERS.COM from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 6th. Noble Financial reissued an "outperform" rating on shares of 1-800 FLOWERS.COM in a research report on Friday, May 8th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $3.75.

1-800 FLOWERS.COM Stock Down 2.4%

The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $4.00 and a 200 day simple moving average of $3.83. The company has a market cap of $258.32 million, a P/E ratio of -1.91 and a beta of 1.35.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last issued its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.75) by ($0.02). The company had revenue of $293.01 million for the quarter, compared to analysts' expectations of $292.42 million. 1-800 FLOWERS.COM had a negative net margin of 8.69% and a negative return on equity of 28.81%. On average, equities analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -1.18 EPS for the current year.

Institutional Trading of 1-800 FLOWERS.COM

Large investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in 1-800 FLOWERS.COM by 63.2% during the 1st quarter. Bank of America Corp DE now owns 116,688 shares of the specialty retailer's stock worth $355,000 after purchasing an additional 45,198 shares during the period. Gabelli Funds LLC grew its position in shares of 1-800 FLOWERS.COM by 23.7% during the 1st quarter. Gabelli Funds LLC now owns 235,000 shares of the specialty retailer's stock worth $714,000 after buying an additional 45,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of 1-800 FLOWERS.COM by 4.6% during the first quarter. Gamco Investors INC. ET AL now owns 1,284,900 shares of the specialty retailer's stock valued at $3,906,000 after buying an additional 57,000 shares during the period. Bank of New York Mellon Corp lifted its stake in 1-800 FLOWERS.COM by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 84,968 shares of the specialty retailer's stock worth $258,000 after acquiring an additional 5,568 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in 1-800 FLOWERS.COM by 156,238.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,324 shares of the specialty retailer's stock worth $80,000 after acquiring an additional 20,311 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

About 1-800 FLOWERS.COM

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.

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