1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Short Interest Down 16.6% in March

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 6,590,000 shares, a decline of 16.6% from the March 15th total of 7,900,000 shares. Based on an average daily trading volume, of 757,300 shares, the days-to-cover ratio is presently 8.7 days. Currently, 24.5% of the company’s stock are short sold.

Insider Activity at 1-800-FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc purchased 73,100 shares of 1-800-FLOWERS.COM stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of $8.68 per share, with a total value of $634,508.00. Following the completion of the transaction, the insider now directly owns 4,741,765 shares of the company’s stock, valued at approximately $41,158,520.20. This represents a 1.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 2,079,703 shares of company stock valued at $15,366,224. 51.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of 1-800-FLOWERS.COM by 0.5% in the 3rd quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock worth $4,755,000 after acquiring an additional 2,886 shares during the period. Jane Street Group LLC lifted its position in 1-800-FLOWERS.COM by 66.1% in the third quarter. Jane Street Group LLC now owns 56,440 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 22,460 shares during the period. Barclays PLC boosted its stake in 1-800-FLOWERS.COM by 24.3% during the third quarter. Barclays PLC now owns 97,904 shares of the specialty retailer’s stock worth $778,000 after buying an additional 19,150 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 1-800-FLOWERS.COM by 13.0% in the 3rd 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 during the period. Finally, Arkadios Wealth Advisors raised its stake in shares of 1-800-FLOWERS.COM by 12.9% in the 4th 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a research note on Tuesday, April 8th. DA Davidson reissued a “neutral” rating and set a $7.50 target price on shares of 1-800-FLOWERS.COM in a research report on Friday, March 14th.

1-800-FLOWERS.COM Stock Performance

Shares of NASDAQ FLWS opened at $5.23 on Monday. 1-800-FLOWERS.COM has a 12 month low of $4.70 and a 12 month high of $11.10. The company has a market cap of $332.51 million, a P/E ratio of -47.19 and a beta of 1.80. The business’s 50 day moving average is $6.38 and its two-hundred day moving average is $7.46. The company has a quick ratio of 1.03, a current ratio of 1.51 and a debt-to-equity ratio of 0.32.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Thursday, January 30th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative return on equity of 0.76% and a negative net margin of 0.43%. On average, equities analysts expect that 1-800-FLOWERS.COM will post -0.07 EPS for the current year.

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.