DA Davidson restated their underperform rating on shares of 1-800-FLOWERS.COM (NASDAQ:FLWS – Free Report) in a research note published on Tuesday, Benzinga reports. They currently have a $8.00 target price on the specialty retailer’s stock.
Separately, StockNews.com cut 1-800-FLOWERS.COM from a buy rating to a hold rating in a report on Friday, May 3rd.
View Our Latest Report on FLWS
1-800-FLOWERS.COM Trading Down 12.1 %
Hedge Funds Weigh In On 1-800-FLOWERS.COM
Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in shares of 1-800-FLOWERS.COM by 96.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 5,173 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in 1-800-FLOWERS.COM in the 1st quarter valued at approximately $167,000. Price T Rowe Associates Inc. MD grew its holdings in 1-800-FLOWERS.COM by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after buying an additional 1,287 shares during the last quarter. Federated Hermes Inc. increased its position in 1-800-FLOWERS.COM by 8.9% during the second quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock worth $244,000 after buying an additional 2,100 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of 1-800-FLOWERS.COM in the second quarter worth $256,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
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