Deutsche Bank AG Cuts Stock Position in 1-800 FLOWERS.COM, Inc. $FLWS

Key Points

• Deutsche Bank AG reduced its holdings in 1-800 FLOWERS.COM, Inc. by 74.7% in the first quarter, now owning 16,189 shares valued at approximately $96,000.
• Other investors, including Charles Schwab and XTX Topco Ltd, increased their stakes in 1-800 FLOWERS.COM during the same period, indicating ongoing interest from institutional investors.
• Analysts have downgraded the stock, with new ratings implying a cautious outlook, resulting in an average price target of $7.50 compared to previous estimates.

Deutsche Bank AG lowered its position in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Free Report) by 74.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,189 shares of the specialty retailer's stock after selling 47,760 shares during the period. Deutsche Bank AG's holdings in 1-800 FLOWERS.COM were worth $96,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Fund 1 Investments LLC grew its holdings in shares of 1-800 FLOWERS.COM by 12.4% during the fourth quarter. Fund 1 Investments LLC now owns 4,174,364 shares of the specialty retailer's stock worth $34,105,000 after buying an additional 461,000 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of 1-800 FLOWERS.COM by 63.6% during the fourth quarter. Nomura Holdings Inc. now owns 2,941,572 shares of the specialty retailer's stock worth $24,033,000 after buying an additional 1,143,027 shares in the last quarter. ING Groep NV purchased a new stake in shares of 1-800 FLOWERS.COM during the first quarter worth $4,425,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 1-800 FLOWERS.COM by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 332,273 shares of the specialty retailer's stock worth $1,960,000 after buying an additional 10,732 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of 1-800 FLOWERS.COM by 1.1% during the fourth quarter. Northern Trust Corp now owns 244,373 shares of the specialty retailer's stock worth $1,997,000 after buying an additional 2,663 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

1-800 FLOWERS.COM Trading Down 1.5%

NASDAQ:FLWS traded down $0.08 during trading hours on Friday, hitting $5.10. The company had a trading volume of 659,909 shares, compared to its average volume of 386,598. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $5.63 and a 200 day moving average of $5.58. The company has a market cap of $324.16 million, a P/E ratio of -1.62 and a beta of 1.37. 1-800 FLOWERS.COM, Inc. has a 1 year low of $3.86 and a 1 year high of $9.24.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last announced its earnings results on Thursday, September 4th. The specialty retailer reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.18). The company had revenue of $336.62 million for the quarter, compared to analysts' expectations 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%.The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned ($0.34) EPS. Sell-side analysts expect that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLWS has been the subject of a number of research reports. Wall Street Zen lowered shares of 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 report on Saturday, August 30th. Finally, Noble Financial cut 1-800 FLOWERS.COM from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, 1-800 FLOWERS.COM presently has an average rating of "Hold" and a consensus price target of $7.50.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc bought 40,000 shares of the stock in a transaction on Friday, June 13th. The stock was bought at an average price of $4.97 per share, with a total value of $198,800.00. Following the completion of the purchase, the insider directly owned 9,479,673 shares in the company, valued at $47,113,974.81. This represents a 0.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 87,577 shares of company stock worth $438,433 over the last ninety days. Company insiders own 51.00% of the company's stock.

1-800 FLOWERS.COM 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.