StockNews.com Lowers 1-800-FLOWERS.COM (NASDAQ:FLWS) to Hold

StockNews.com cut shares of 1-800-FLOWERS.COM (NASDAQ:FLWS) from a buy rating to a hold rating in a research report report published on Friday.

Separately, DA Davidson cut their price target on 1-800-FLOWERS.COM from $9.50 to $9.00 and set a neutral rating for the company in a report on Friday.

1-800-FLOWERS.COM Stock Performance

NASDAQ FLWS opened at $8.90 on Friday. The company has a market capitalization of $574.05 million, a P/E ratio of -74.17, a PEG ratio of 2.47 and a beta of 1.67. 1-800-FLOWERS.COM has a 1-year low of $5.97 and a 1-year high of $11.42. The business has a 50 day moving average price of $9.80 and a 200 day moving average price of $9.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 1.12.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, May 2nd. The specialty retailer reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.04). 1-800-FLOWERS.COM had a negative net margin of 0.42% and a positive return on equity of 3.29%. The business had revenue of $379.40 million during the quarter, compared to analyst estimates of $383.73 million. During the same quarter in the prior year, the company earned ($0.27) earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. Sell-side analysts expect that 1-800-FLOWERS.COM will post 0.24 EPS for the current fiscal year.

Insider Transactions at 1-800-FLOWERS.COM

In related news, insider Arnold P. Leap sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $9.32, for a total transaction of $27,960.00. Following the transaction, the insider now owns 72,739 shares of the company’s stock, valued at $677,927.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 49.77% of the company’s stock.

Institutional Trading of 1-800-FLOWERS.COM

A number of hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter valued at about $73,000. Allspring Global Investments Holdings LLC increased its position in 1-800-FLOWERS.COM by 96.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 5,173 shares during the last quarter. Quantbot Technologies LP purchased a new position in 1-800-FLOWERS.COM during the third quarter worth approximately $189,000. Stratos Wealth Advisors LLC purchased a new stake in shares of 1-800-FLOWERS.COM during the 4th quarter valued at $208,000. Finally, Prosperity Wealth Management Inc. acquired a new stake in shares of 1-800-FLOWERS.COM during the 4th quarter worth $248,000. 38.43% of the stock is owned by institutional investors and hedge funds.

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.