Fund 1 Investments, Llc Sells 4,167,813 Shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) Stock

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc sold 4,167,813 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $5.94, for a total transaction of $24,756,809.22. Following the transaction, the insider owned 5,359,437 shares in the company, valued at $31,835,055.78. This trade represents a 43.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

1-800 FLOWERS.COM Trading Up 2.3%

NASDAQ FLWS opened at $4.87 on Friday. 1-800 FLOWERS.COM, Inc. has a 12 month low of $3.86 and a 12 month high of $9.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 0.48. The company has a market capitalization of $309.83 million, a price-to-earnings ratio of -1.55 and a beta of 1.30. The company’s fifty day moving average price is $5.01 and its two-hundred day moving average price is $5.23.

1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings data on Thursday, September 4th. The specialty retailer reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.18). 1-800 FLOWERS.COM had a negative net margin of 11.86% and a negative return on equity of 13.87%. The company had revenue of $336.62 million for the quarter, compared to the consensus estimate of $330.58 million. During the same quarter last year, the company earned ($0.34) earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. As a group, research analysts predict that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLWS. Zacks Research downgraded shares of 1-800 FLOWERS.COM from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Weiss Ratings restated a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research report on Friday. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, 1-800 FLOWERS.COM currently has an average rating of “Reduce” and a consensus price target of $7.50.

Institutional Investors Weigh In On 1-800 FLOWERS.COM

A number of large investors have recently made changes to their positions in FLWS. Gabelli Funds LLC grew its position in 1-800 FLOWERS.COM by 1.7% during the first quarter. Gabelli Funds LLC now owns 194,000 shares of the specialty retailer’s stock valued at $1,145,000 after purchasing an additional 3,300 shares in the last quarter. MetLife Investment Management LLC grew its position in 1-800 FLOWERS.COM by 28.8% in the first quarter. MetLife Investment Management LLC now owns 14,783 shares of the specialty retailer’s stock worth $87,000 after acquiring an additional 3,302 shares in the last quarter. AlphaQuest LLC bought a new stake in 1-800 FLOWERS.COM in the first quarter worth approximately $25,000. State of Wyoming grew its position in 1-800 FLOWERS.COM by 197.8% in the second quarter. State of Wyoming now owns 9,833 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 6,531 shares in the last quarter. Finally, Quarry LP bought a new stake in 1-800 FLOWERS.COM in the first quarter worth approximately $39,000. Institutional investors and hedge funds 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.