Insider Buying: 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Major Shareholder Purchases 61,000 Shares of Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc bought 61,000 shares of the stock in a transaction on Monday, January 13th. The stock was bought at an average price of $7.33 per share, for a total transaction of $447,130.00. Following the completion of the purchase, the insider now directly owns 4,285,364 shares in the company, valued at approximately $31,411,718.12. The trade was a 1.44 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Wednesday, January 15th, Fund 1 Investments, Llc purchased 97,000 shares of 1-800-FLOWERS.COM stock. The shares were bought at an average cost of $7.64 per share, with a total value of $741,080.00.
• On Friday, January 10th, Fund 1 Investments, Llc acquired 50,000 shares of 1-800-FLOWERS.COM stock. The stock was purchased at an average cost of $7.18 per share, for a total transaction of $359,000.00.
• On Monday, November 4th, Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock. The shares were sold at an average price of $7.80, for a total transaction of $312,000.00.

1-800-FLOWERS.COM Stock Up 6.8 %

Shares of NASDAQ FLWS opened at $8.16 on Friday. The stock has a market capitalization of $524.04 million, a price-to-earnings ratio of -58.29, a price-to-earnings-growth ratio of 2.81 and a beta of 1.58. 1-800-FLOWERS.COM, Inc. has a 52 week low of $7.01 and a 52 week high of $11.42. The firm has a 50-day moving average price of $7.89 and a 200 day moving average price of $8.39. The company has a quick ratio of 0.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.40.

1-800-FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. The company had revenue of $193.20 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 28.2% on a year-over-year basis. During the same period last year, the firm earned ($0.48) EPS. Equities research analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of 1-800-FLOWERS.COM

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth $41,000. SG Americas Securities LLC acquired a new position in 1-800-FLOWERS.COM during the third quarter worth about $106,000. JPMorgan Chase & Co. raised its position in 1-800-FLOWERS.COM by 13.0% during the third quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 1,623 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of 1-800-FLOWERS.COM in the third quarter valued at about $121,000. Finally, Federated Hermes Inc. grew its position in shares of 1-800-FLOWERS.COM by 8.9% in the second quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 2,100 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson increased their price objective on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, October 31st.

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.