American Century Companies Inc. Buys 152,536 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

American Century Companies Inc. boosted its stake in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 37.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 557,420 shares of the specialty retailer’s stock after acquiring an additional 152,536 shares during the quarter. American Century Companies Inc. owned 0.87% of 1-800-FLOWERS.COM worth $5,307,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in 1-800-FLOWERS.COM by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after acquiring an additional 1,287 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in 1-800-FLOWERS.COM by 10.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,061 shares of the specialty retailer’s stock valued at $410,000 after buying an additional 4,158 shares during the last quarter. Gabelli Funds LLC increased its stake in 1-800-FLOWERS.COM by 3.8% in the 4th quarter. Gabelli Funds LLC now owns 135,000 shares of the specialty retailer’s stock valued at $1,455,000 after buying an additional 5,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in 1-800-FLOWERS.COM by 96.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 5,173 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 1-800-FLOWERS.COM by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 111,029 shares of the specialty retailer’s stock valued at $1,057,000 after buying an additional 6,586 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

1-800-FLOWERS.COM Stock Up 1.5 %

1-800-FLOWERS.COM stock opened at $8.02 on Wednesday. The firm has a market capitalization of $514.96 million, a PE ratio of -66.83, a P/E/G ratio of 2.80 and a beta of 1.62. The company’s 50-day moving average is $8.74 and its 200-day moving average is $9.33. 1-800-FLOWERS.COM, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $11.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.69 and a quick ratio of 1.13.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data 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 firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. Sell-side analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current year.

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.