Federated Hermes Inc. Increases Stake in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Federated Hermes Inc. lifted its stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,633 shares of the specialty retailer’s stock after acquiring an additional 2,100 shares during the period. Federated Hermes Inc.’s holdings in 1-800-FLOWERS.COM were worth $244,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of 1-800-FLOWERS.COM by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 1,287 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of 1-800-FLOWERS.COM by 10.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,061 shares of the specialty retailer’s stock worth $410,000 after acquiring an additional 4,158 shares during the period. Gabelli Funds LLC lifted its holdings in shares of 1-800-FLOWERS.COM by 3.8% during the 4th quarter. Gabelli Funds LLC now owns 135,000 shares of the specialty retailer’s stock worth $1,455,000 after acquiring an additional 5,000 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of 1-800-FLOWERS.COM by 96.5% during the 1st 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 during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 1-800-FLOWERS.COM by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 111,029 shares of the specialty retailer’s stock worth $1,057,000 after acquiring an additional 6,586 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

1-800-FLOWERS.COM Stock Up 1.5 %

FLWS opened at $8.02 on Wednesday. The firm has a 50 day moving average price of $8.74 and a 200 day moving average price of $9.33. The company has a market cap of $514.96 million, a PE ratio of -66.83, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. 1-800-FLOWERS.COM, Inc. has a 1 year low of $6.44 and a 1 year high of $11.42. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.69.

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

Analysts Set New Price Targets

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

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.