Cornercap Investment Counsel Inc. Buys 9,467 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Cornercap Investment Counsel Inc. increased its position in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 20.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,757 shares of the specialty retailer’s stock after acquiring an additional 9,467 shares during the period. Cornercap Investment Counsel Inc. owned about 0.09% of 1-800-FLOWERS.COM worth $521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in 1-800-FLOWERS.COM during the 1st quarter worth approximately $1,432,000. PEAK6 Investments LLC lifted its holdings in 1-800-FLOWERS.COM by 865.9% in the fourth quarter. PEAK6 Investments LLC now owns 144,888 shares of the specialty retailer’s stock valued at $1,562,000 after buying an additional 129,888 shares during the period. Vanguard Group Inc. lifted its stake in shares of 1-800-FLOWERS.COM by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,625,239 shares of the specialty retailer’s stock valued at $17,601,000 after purchasing an additional 10,061 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 1-800-FLOWERS.COM by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 583,200 shares of the specialty retailer’s stock worth $6,287,000 after buying an additional 8,376 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in 1-800-FLOWERS.COM by 96.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 5,173 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson raised 1-800-FLOWERS.COM from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $8.00 to $7.00 in a research report on Friday, August 30th.

1-800-FLOWERS.COM Stock Performance

FLWS opened at $7.94 on Friday. 1-800-FLOWERS.COM, Inc. has a 1-year low of $6.27 and a 1-year high of $11.42. The company has a market cap of $509.83 million, a price-to-earnings ratio of -66.17, a PEG ratio of 2.80 and a beta of 1.62. The company’s fifty day moving average price is $9.04 and its two-hundred day moving average price is $9.44. The company has a current ratio of 1.69, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.07). The business had revenue of $360.90 million during the quarter, compared to the consensus estimate of $374.40 million. 1-800-FLOWERS.COM had a negative net margin of 0.33% and a positive return on equity of 2.45%. 1-800-FLOWERS.COM’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) EPS. On average, analysts expect that 1-800-FLOWERS.COM, Inc. will post 0.17 EPS for the current fiscal 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.