1-800-FLOWERS.COM (NASDAQ:FLWS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
Separately, DA Davidson decreased their price objective on shares of 1-800-FLOWERS.COM from $9.50 to $9.00 and set a "neutral" rating on the stock in a report on Friday.
Check Out Our Latest Research Report on 1-800-FLOWERS.COM
1-800-FLOWERS.COM Stock Performance
NASDAQ FLWS traded down $0.22 on Friday, hitting $8.90. 381,089 shares of the company's stock were exchanged, compared to its average volume of 380,948. The firm has a market cap of $574.02 million, a price-to-earnings ratio of -9.27, a P/E/G ratio of 2.16 and a beta of 1.67. The firm's 50-day moving average price is $9.82 and its two-hundred day moving average price is $9.57. 1-800-FLOWERS.COM has a fifty-two week low of $5.97 and a fifty-two week high of $11.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 1.12.
1-800-FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The specialty retailer reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.04). 1-800-FLOWERS.COM had a positive return on equity of 3.32% and a negative net margin of 3.24%. The business had revenue of $379.40 million for the quarter, compared to analyst estimates of $383.73 million. During the same period in the prior year, the company earned ($0.27) EPS. The company's revenue was down 9.1% on a year-over-year basis. On average, research analysts expect that 1-800-FLOWERS.COM will post 0.28 EPS for the current year.
Insiders Place Their Bets
In other news, insider Arnold P. Leap sold 3,000 shares of 1-800-FLOWERS.COM stock in a transaction on Friday, February 9th. The stock was sold at an average price of $9.32, for a total transaction of $27,960.00. Following the completion of the transaction, the insider now owns 72,739 shares of the company's stock, valued at approximately $677,927.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 49.77% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in 1-800-FLOWERS.COM by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,367,496 shares of the specialty retailer's stock valued at $25,522,000 after buying an additional 38,529 shares during the last quarter. Gamco Investors INC. ET AL increased its position in 1-800-FLOWERS.COM by 5.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,010,000 shares of the specialty retailer's stock worth $7,070,000 after purchasing an additional 53,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 1-800-FLOWERS.COM by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 583,200 shares of the specialty retailer's stock valued at $6,287,000 after purchasing an additional 8,376 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of 1-800-FLOWERS.COM by 10.5% during the 3rd quarter. Penserra Capital Management LLC now owns 575,807 shares of the specialty retailer's stock worth $4,030,000 after purchasing an additional 54,758 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of 1-800-FLOWERS.COM by 78.2% during the 4th quarter. North Star Investment Management Corp. now owns 300,650 shares of the specialty retailer's stock worth $3,241,000 after purchasing an additional 131,900 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.
About 1-800-FLOWERS.COM
(
Get Free Report)
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.
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