1-800-FLOWERS.COM (NASDAQ:FLWS) Shares Gap Up After Insider Buying Activity

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) gapped up prior to trading on Thursday following insider buying activity. The stock had previously closed at $7.64, but opened at $7.95. 1-800-FLOWERS.COM shares last traded at $8.25, with a volume of 85,944 shares changing hands.

Specifically, major shareholder Fund 1 Investments, Llc purchased 97,000 shares of 1-800-FLOWERS.COM stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $7.64 per share, for a total transaction of $741,080.00. Following the transaction, the insider now owns 4,542,364 shares of the company’s stock, valued at approximately $34,703,660.96. The trade was a 2.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Fund 1 Investments, Llc acquired 61,000 shares of the stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $7.33 per share, with a total value of $447,130.00. Following the completion of the transaction, the insider now owns 4,285,364 shares of the company’s stock, valued at approximately $31,411,718.12. This represents a 1.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In other 1-800-FLOWERS.COM news, major shareholder Fund 1 Investments, Llc bought 50,000 shares of 1-800-FLOWERS.COM stock in a transaction on Friday, January 10th. The shares were purchased at an average price of $7.18 per share, with a total value of $359,000.00. Following the acquisition, the insider now owns 4,224,364 shares in the company, valued at $30,330,933.52. This trade represents a 1.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. DA Davidson raised their price objective on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com cut shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Saturday, November 9th.

1-800-FLOWERS.COM Price Performance

The business’s 50-day simple moving average is $7.89 and its two-hundred day simple moving average is $8.39. The stock has a market cap of $524.04 million, a price-to-earnings ratio of -58.29, a price-to-earnings-growth ratio of 2.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.41.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.02. 1-800-FLOWERS.COM had a positive return on equity of 2.10% and a negative net margin of 0.50%. The company had revenue of $193.20 million for the quarter, compared to the consensus estimate of $246.88 million. During the same quarter last year, the business posted ($0.48) EPS. 1-800-FLOWERS.COM’s revenue for the quarter was down 28.2% on a year-over-year basis. Research analysts expect that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of 1-800-FLOWERS.COM

Several hedge funds and other institutional investors have recently made changes to their positions in FLWS. Dimensional Fund Advisors LP raised its holdings in 1-800-FLOWERS.COM by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,635,093 shares of the specialty retailer’s stock valued at $25,086,000 after buying an additional 129,627 shares during the last quarter. Sei Investments Co. raised its stake in shares of 1-800-FLOWERS.COM by 15.7% during the second quarter. Sei Investments Co. now owns 686,961 shares of the specialty retailer’s stock valued at $6,540,000 after acquiring an additional 93,041 shares during the last quarter. State Street Corp raised its stake in shares of 1-800-FLOWERS.COM by 0.5% during the third quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock valued at $4,755,000 after acquiring an additional 2,886 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of 1-800-FLOWERS.COM by 37.7% during the second quarter. American Century Companies Inc. now owns 557,420 shares of the specialty retailer’s stock worth $5,307,000 after purchasing an additional 152,536 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of 1-800-FLOWERS.COM by 50.3% in the third quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock worth $2,701,000 after purchasing an additional 114,072 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

1-800-FLOWERS.COM Company Profile

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.