1-800 FLOWERS.COM (NASDAQ:FLWS) Stock Crosses Above 200 Day Moving Average – Here’s Why

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.83 and traded as high as $4.17. 1-800 FLOWERS.COM shares last traded at $4.03, with a volume of 135,604 shares trading hands.

Wall Street Analyst Weigh In

FLWS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 24th. Noble Financial restated an “outperform” rating on shares of 1-800 FLOWERS.COM in a research report on Friday, May 8th. Finally, Zacks Research raised 1-800 FLOWERS.COM from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, 1-800 FLOWERS.COM currently has a consensus rating of “Hold” and an average target price of $3.75.

1-800 FLOWERS.COM Trading Down 0.2%

The company has a market cap of $257.68 million, a P/E ratio of -1.91 and a beta of 1.35. The firm’s 50 day moving average is $3.99 and its two-hundred day moving average is $3.83. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The company had revenue of $293.01 million for the quarter, compared to the consensus estimate of $292.42 million. 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%. As a group, equities research analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -1.18 EPS for the current year.

Institutional Trading of 1-800 FLOWERS.COM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC bought a new position in 1-800 FLOWERS.COM during the second quarter worth $9,840,000. Goldman Sachs Group Inc. boosted its position in 1-800 FLOWERS.COM by 337.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,209,640 shares of the specialty retailer’s stock valued at $4,754,000 after acquiring an additional 933,063 shares during the last quarter. Newtyn Management LLC boosted its position in 1-800 FLOWERS.COM by 56.3% during the third quarter. Newtyn Management LLC now owns 2,516,466 shares of the specialty retailer’s stock valued at $11,576,000 after acquiring an additional 906,911 shares during the last quarter. Cibc World Markets Corp acquired a new stake in 1-800 FLOWERS.COM during the 4th quarter worth about $1,775,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in 1-800 FLOWERS.COM by 72.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,021,000 shares of the specialty retailer’s stock worth $4,013,000 after acquiring an additional 427,900 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

1-800 FLOWERS.COM Company Profile

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.