Goldman Sachs Group Inc. Trims Holdings in 1-800 FLOWERS.COM, Inc. $FLWS

Key Points

• Goldman Sachs Group Inc. reduced its stake in 1-800 FLOWERS.COM by 42.5%, now owning approximately 0.28% of the company, valued at $1.04 million.
• 1-800 FLOWERS.COM reported a quarterly loss with earnings per share at ($0.69), missing estimates, while revenue reached $336.62 million, exceeding expectations.
• The company has a market capitalization of $352.45 million and a PE ratio of -1.76, indicating current financial struggles.

Goldman Sachs Group Inc. lessened its holdings in shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Free Report) by 42.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,700 shares of the specialty retailer's stock after selling 130,669 shares during the period. Goldman Sachs Group Inc. owned 0.28% of 1-800 FLOWERS.COM worth $1,043,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FLWS. AlphaQuest LLC bought a new position in 1-800 FLOWERS.COM in the 1st quarter worth about $25,000. Quarry LP bought a new position in 1-800 FLOWERS.COM in the 1st quarter worth about $39,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 1-800 FLOWERS.COM by 123.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,671 shares of the specialty retailer's stock worth $81,000 after purchasing an additional 7,561 shares in the last quarter. Entropy Technologies LP bought a new position in 1-800 FLOWERS.COM in the 1st quarter worth about $84,000. Finally, Russell Investments Group Ltd. boosted its stake in 1-800 FLOWERS.COM by 38,664.9% in the 1st quarter. Russell Investments Group Ltd. now owns 14,343 shares of the specialty retailer's stock worth $85,000 after purchasing an additional 14,306 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Transactions at 1-800 FLOWERS.COM

In other 1-800 FLOWERS.COM news, major shareholder Fund 1 Investments, Llc purchased 19,920 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was acquired at an average cost of $5.06 per share, for a total transaction of $100,795.20. Following the purchase, the insider directly owned 9,527,250 shares of the company's stock, valued at $48,207,885. This trade represents a 0.21% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 51.00% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research report on Saturday, September 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.50.

1-800 FLOWERS.COM Stock Performance

Shares of NASDAQ FLWS traded down $0.14 during midday trading on Monday, hitting $5.40. 610,259 shares of the company's stock traded hands, compared to its average volume of 464,803. 1-800 FLOWERS.COM, Inc. has a 1 year low of $3.86 and a 1 year high of $9.24. The stock has a market capitalization of $343.55 million, a price-to-earnings ratio of -1.71 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 1.28. The firm has a fifty day moving average of $5.59 and a 200 day moving average of $5.43.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The specialty retailer reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.18). The business had revenue of $336.62 million for the quarter, compared to analysts' expectations of $330.58 million. 1-800 FLOWERS.COM had a negative net margin of 11.86% and a negative return on equity of 13.87%. 1-800 FLOWERS.COM's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) EPS. On average, analysts forecast that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current year.

About 1-800 FLOWERS.COM

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.