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

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)’s stock price gapped up prior to trading on Thursday after an insider bought additional shares in the company. The stock had previously closed at $8.40, but opened at $8.58. 1-800-FLOWERS.COM shares last traded at $8.66, with a volume of 30,770 shares changing hands.

Specifically, major shareholder Fund 1 Investments, Llc purchased 89,301 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $8.38 per share, for a total transaction of $748,342.38. Following the completion of the acquisition, the insider now directly owns 4,668,665 shares of the company’s stock, valued at approximately $39,123,412.70. The trade was a 1.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund 1 Investments, Llc purchased 37,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $8.15 per share, with a total value of $301,550.00. Following the completion of the acquisition, the insider now directly owns 4,579,364 shares of the company’s stock, valued at approximately $37,321,816.60. This trade represents a 0.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FLWS shares. Weiss Ratings restated a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a report on Saturday, January 18th. DA Davidson increased their target price on shares of 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. Finally, StockNews.com cut shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.

1-800-FLOWERS.COM Price Performance

The company has a quick ratio of 0.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The stock has a market cap of $568.35 million, a price-to-earnings ratio of -63.21, a price-to-earnings-growth ratio of 3.29 and a beta of 1.58. The company’s 50-day moving average is $7.85 and its 200-day moving average is $8.35.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in 1-800-FLOWERS.COM by 3.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer’s stock worth $353,000 after acquiring an additional 1,472 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of 1-800-FLOWERS.COM by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 1,623 shares during the period. Hsbc Holdings PLC grew its holdings in shares of 1-800-FLOWERS.COM by 7.2% in the 2nd quarter. Hsbc Holdings PLC now owns 32,034 shares of the specialty retailer’s stock valued at $304,000 after buying an additional 2,148 shares during the period. State Street Corp grew its holdings in shares of 1-800-FLOWERS.COM by 0.5% in the 3rd quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock valued at $4,755,000 after buying an additional 2,886 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of 1-800-FLOWERS.COM by 12.9% in the 4th quarter. Arkadios Wealth Advisors now owns 35,215 shares of the specialty retailer’s stock valued at $288,000 after buying an additional 4,015 shares during the period. Institutional investors own 38.43% of the company’s stock.

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.