Fund 1 Investments LLC Sells 1,806,207 Shares of 1-800 FLOWERS.COM, Inc. $FLWS

Key Points

• Fund 1 Investments LLC cut its 1-800 FLOWERS.COM stake by 33.7%, selling 1,806,207 shares in the second quarter. It retained 3,553,230 shares worth approximately $12.4 million, representing a 5.54% ownership stake.
• Other institutional investors made smaller purchases or increased positions, while institutional ownership of the company stood at 38.43%.
• Analyst sentiment remains mixed but leans neutral: FLWS has a consensus “Hold” rating and a $3.75 price target. Shares opened at $3.73, with a 52-week range of $2.88 to $7.10.

Fund 1 Investments LLC decreased its position in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Free Report) by 33.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,553,230 shares of the specialty retailer's stock after selling 1,806,207 shares during the quarter. 1-800 FLOWERS.COM comprises approximately 2.1% of Fund 1 Investments LLC's investment portfolio, making the stock its 17th biggest position. Fund 1 Investments LLC owned about 5.54% of 1-800 FLOWERS.COM worth $12,365,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Quarry LP boosted its stake in 1-800 FLOWERS.COM by 538,100.0% in the 3rd quarter. Quarry LP now owns 5,382 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 5,381 shares during the period. Jain Global LLC bought a new position in 1-800 FLOWERS.COM during the 4th quarter worth $46,000. nVerses Capital LLC acquired a new stake in shares of 1-800 FLOWERS.COM during the fourth quarter worth $48,000. Deutsche Bank AG acquired a new stake in shares of 1-800 FLOWERS.COM during the fourth quarter worth $48,000. Finally, State of Wyoming boosted its position in shares of 1-800 FLOWERS.COM by 197.8% in the second quarter. State of Wyoming now owns 9,833 shares of the specialty retailer's stock valued at $48,000 after acquiring an additional 6,531 shares during the period. Institutional investors own 38.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on FLWS shares. Weiss Ratings restated a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of 1-800 FLOWERS.COM from a "strong sell" rating to a "sell" rating in a research note on Saturday, June 6th. Finally, Zacks Research raised shares of 1-800 FLOWERS.COM from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, 1-800 FLOWERS.COM currently has a consensus rating of "Hold" and a consensus price target of $3.75.

1-800 FLOWERS.COM Stock Performance

NASDAQ:FLWS opened at $3.73 on Friday. The stock's 50-day simple moving average is $3.90 and its 200 day simple moving average is $3.79. The firm has a market capitalization of $239.09 million, a PE ratio of -1.77 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. 1-800 FLOWERS.COM, Inc. has a twelve month low of $2.88 and a twelve month high of $7.10.

1-800 FLOWERS.COM 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.

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