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

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)’s share price gapped up prior to trading on Thursday following insider buying activity. 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 trading hands.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. DA Davidson raised their target price on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a research note on Saturday, January 18th. 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 Trading Up 4.2 %

The company has a 50 day moving average of $7.83 and a 200 day moving average of $8.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 1.44. The stock has a market capitalization of $561.93 million, a price-to-earnings ratio of -62.14, a P/E/G ratio of 3.29 and a beta of 1.58.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. The business had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $246.88 million. 1-800-FLOWERS.COM had a negative net margin of 0.50% and a positive return on equity of 2.10%. The company’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.48) earnings per share. On average, research analysts predict that 1-800-FLOWERS.COM, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in 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 buying an additional 152,536 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $25,086,000 after acquiring an additional 129,627 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth $947,000. Empowered Funds LLC boosted its position in shares of 1-800-FLOWERS.COM by 50.3% during the 3rd quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock valued at $2,701,000 after acquiring an additional 114,072 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of 1-800-FLOWERS.COM by 15.7% in the second quarter. Sei Investments Co. now owns 686,961 shares of the specialty retailer’s stock valued at $6,540,000 after purchasing an additional 93,041 shares during the period. 38.43% of the stock is owned by hedge funds and other 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.