Zacks Research Downgrades 1-800 FLOWERS.COM (NASDAQ:FLWS) to Strong Sell

1-800 FLOWERS.COM (NASDAQ:FLWS) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently weighed in on FLWS. Wall Street Zen raised 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 24th. Finally, Noble Financial restated an “outperform” rating on shares of 1-800 FLOWERS.COM in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $3.75.

1-800 FLOWERS.COM Stock Performance

Shares of FLWS opened at $3.77 on Monday. The company has a market capitalization of $241.66 million, a price-to-earnings ratio of -1.79 and a beta of 1.36. 1-800 FLOWERS.COM has a 52-week low of $2.88 and a 52-week high of $8.44. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $4.08 and a 200 day moving average price of $3.87.

1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.02). 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%.The company had revenue of $293.01 million for the quarter, compared to analysts’ expectations of $292.42 million. Research analysts predict that 1-800 FLOWERS.COM will post -1.23 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 720,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $4.19, for a total transaction of $3,016,800.00. Following the completion of the sale, the insider owned 4,096,242 shares in the company, valued at $17,163,253.98. This represents a 14.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,752,433 shares of company stock valued at $7,555,619 over the last quarter. Insiders own 52.16% of the company’s stock.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

A number of large investors have recently bought and sold shares of FLWS. Price T Rowe Associates Inc. MD boosted its holdings in shares of 1-800 FLOWERS.COM by 169.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,649 shares of the specialty retailer’s stock valued at $137,000 after acquiring an additional 21,800 shares in the last quarter. Wells Fargo & Company MN raised its holdings in 1-800 FLOWERS.COM by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 26,099 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 9,299 shares in the last quarter. Atom Investors LP purchased a new position in 1-800 FLOWERS.COM during the fourth quarter worth about $99,000. Caitong International Asset Management Co. Ltd raised its holdings in 1-800 FLOWERS.COM by 122,338.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,917 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 15,904 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in 1-800 FLOWERS.COM in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.