DA Davidson Reiterates “Neutral” Rating for 1-800-FLOWERS.COM (NASDAQ:FLWS)

1-800-FLOWERS.COM (NASDAQ:FLWS)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a research report issued on Friday,Benzinga reports. They currently have a $7.50 price objective on the specialty retailer’s stock. DA Davidson’s price objective would suggest a potential upside of 28.42% from the company’s current price.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a report on Friday, March 7th.

1-800-FLOWERS.COM Stock Performance

FLWS opened at $5.84 on Friday. The business’s 50-day moving average price is $7.72 and its two-hundred day moving average price is $7.87. 1-800-FLOWERS.COM has a 1 year low of $5.76 and a 1 year high of $11.42. The company has a market capitalization of $371.43 million, a price-to-earnings ratio of -53.09 and a beta of 1.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 1.03.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.76%. Equities analysts expect that 1-800-FLOWERS.COM will post -0.07 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Fund 1 Investments, Llc acquired 61,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $7.33 per share, for a total transaction of $447,130.00. Following the completion of the transaction, the insider now directly owns 4,285,364 shares of the company’s stock, valued at approximately $31,411,718.12. The trade was a 1.44 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 1,953,605 shares of company stock worth $15,151,661 in the last quarter. Corporate insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Several hedge funds have recently bought and sold shares of the stock. Fund 1 Investments LLC raised its position in shares of 1-800-FLOWERS.COM by 12.4% in the fourth quarter. Fund 1 Investments LLC now owns 4,174,364 shares of the specialty retailer’s stock valued at $34,105,000 after buying an additional 461,000 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of 1-800-FLOWERS.COM by 63.6% during the fourth quarter. Nomura Holdings Inc. now owns 2,941,572 shares of the specialty retailer’s stock worth $24,033,000 after buying an additional 1,143,027 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of 1-800-FLOWERS.COM by 6.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,284,300 shares of the specialty retailer’s stock worth $10,493,000 after buying an additional 76,400 shares in the last quarter. State Street Corp increased its holdings 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 worth $4,755,000 after buying an additional 2,886 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of 1-800-FLOWERS.COM by 5.1% during the fourth quarter. Empowered Funds LLC now owns 357,988 shares of the specialty retailer’s stock worth $2,925,000 after buying an additional 17,351 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.