Fund 1 Investments, Llc Buys 50,000 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc purchased 50,000 shares of 1-800-FLOWERS.COM stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of $7.18 per share, for a total transaction of $359,000.00. Following the transaction, the insider now directly owns 4,224,364 shares of the company’s stock, valued at $30,330,933.52. This represents a 1.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, January 15th, Fund 1 Investments, Llc bought 97,000 shares of 1-800-FLOWERS.COM stock. The shares were bought at an average price of $7.64 per share, with a total value of $741,080.00.
• On Monday, January 13th, Fund 1 Investments, Llc purchased 61,000 shares of 1-800-FLOWERS.COM stock. The stock was bought at an average cost of $7.33 per share, with a total value of $447,130.00.
• On Monday, November 4th, Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock. The stock was sold at an average price of $7.80, for a total transaction of $312,000.00.

1-800-FLOWERS.COM Price Performance

Shares of FLWS traded up $0.24 during mid-day trading on Wednesday, reaching $7.64. The company had a trading volume of 352,026 shares, compared to its average volume of 384,292. The company’s 50 day simple moving average is $7.91 and its 200 day simple moving average is $8.39. The company has a market capitalization of $490.64 million, a price-to-earnings ratio of -54.57, a P/E/G ratio of 3.10 and a beta of 1.58. 1-800-FLOWERS.COM, Inc. has a 1-year low of $7.01 and a 1-year high of $11.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 1.44.

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

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

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on FLWS shares. DA Davidson upped their price target on shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com cut 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.

About 1-800-FLOWERS.COM

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.