1-800-FLOWERS.COM (NASDAQ:FLWS) Hits New 12-Month Low Following Weak Earnings

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)’s share price reached a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $6.56 and last traded at $8.05, with a volume of 661873 shares. The stock had previously closed at $8.83.

The specialty retailer reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). 1-800-FLOWERS.COM had a positive return on equity of 2.10% and a negative net margin of 0.50%.

Wall Street Analysts Forecast Growth

FLWS has been the topic of several research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $7.50 price target on shares of 1-800-FLOWERS.COM in a research report on Thursday. StockNews.com lowered 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a research report on Saturday, January 18th.

Insider Buying and Selling at 1-800-FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc bought 50,000 shares of the stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $7.18 per share, for a total transaction of $359,000.00. Following the purchase, the insider now owns 4,224,364 shares of the company’s stock, valued at $30,330,933.52. This trade represents a 1.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have purchased 803,405 shares of company stock worth $6,292,721. 51.00% of the stock is currently owned by insiders.

Institutional Trading of 1-800-FLOWERS.COM

A number of institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its stake in shares of 1-800-FLOWERS.COM by 3.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer’s stock valued at $353,000 after buying an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 1-800-FLOWERS.COM by 13.0% in the third 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 in the last quarter. Hsbc Holdings PLC boosted its stake in shares of 1-800-FLOWERS.COM by 7.2% in the second 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 in the last quarter. State Street Corp boosted its stake in shares of 1-800-FLOWERS.COM by 0.5% in the third 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 in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of 1-800-FLOWERS.COM by 12.9% in the fourth 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 in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

1-800-FLOWERS.COM Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.41. The stock has a market capitalization of $519.54 million, a PE ratio of -57.79, a P/E/G ratio of 3.29 and a beta of 1.58. The stock has a 50 day moving average of $7.96 and a two-hundred day moving average of $8.31.

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.