Bank of New York Mellon Corp trimmed its stake in 1-800-Flowers.Com Inc (NASDAQ:FLWS) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,714 shares of the specialty retailer’s stock after selling 14,253 shares during the period. Bank of New York Mellon Corp owned approximately 0.23% of 1-800-Flowers.Com worth $2,751,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of FLWS. SG Americas Securities LLC acquired a new stake in shares of 1-800-Flowers.Com in the 1st quarter worth $102,000. AJO LP acquired a new stake in shares of 1-800-Flowers.Com in the first quarter valued at about $3,491,000. Marshall Wace LLP acquired a new stake in shares of 1-800-Flowers.Com in the first quarter valued at about $7,508,000. Bessemer Group Inc. lifted its stake in shares of 1-800-Flowers.Com by 14.4% in the second quarter. Bessemer Group Inc. now owns 84,900 shares of the specialty retailer’s stock valued at $1,603,000 after purchasing an additional 10,700 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of 1-800-Flowers.Com in the second quarter valued at about $229,000. 38.63% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on the stock. Noble Financial set a $25.00 price objective on shares of 1-800-Flowers.Com and gave the company a “buy” rating in a research note on Friday, August 23rd. TheStreet downgraded shares of 1-800-Flowers.Com from a “b-” rating to a “c+” rating in a report on Friday, August 30th. Zacks Investment Research downgraded shares of 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. BidaskClub downgraded shares of 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, ValuEngine downgraded shares of 1-800-Flowers.Com from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $23.67.
Shares of NASDAQ FLWS traded up $0.42 during midday trading on Friday, reaching $14.34. 166,810 shares of the stock were exchanged, compared to its average volume of 253,974. 1-800-Flowers.Com Inc has a 52-week low of $10.07 and a 52-week high of $21.77. The stock has a 50 day moving average price of $14.68 and a 200-day moving average price of $17.95. The company has a market capitalization of $899.14 million, a P/E ratio of 27.58 and a beta of 1.57. The company has a current ratio of 2.38, a quick ratio of 1.65 and a debt-to-equity ratio of 0.27.
1-800-Flowers.Com (NASDAQ:FLWS) last released its earnings results on Thursday, August 22nd. The specialty retailer reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. 1-800-Flowers.Com had a net margin of 2.78% and a return on equity of 10.35%. The firm had revenue of $259.40 million during the quarter, compared to the consensus estimate of $255.15 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. 1-800-Flowers.Com’s revenue was up 12.8% compared to the same quarter last year. On average, analysts forecast that 1-800-Flowers.Com Inc will post 0.58 earnings per share for the current year.
In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 25,000 shares of 1-800-Flowers.Com stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $19.60, for a total transaction of $490,000.00. Following the transaction, the chief executive officer now directly owns 943,328 shares of the company’s stock, valued at $18,489,228.80. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 100,000 shares of company stock worth $1,830,750. 64.42% of the stock is currently owned by corporate insiders.
1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.
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