EAM Global Investors LLC acquired a new stake in shares of 1-800-Flowers.Com Inc (NASDAQ:FLWS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 84,228 shares of the specialty retailer’s stock, valued at approximately $1,535,000. EAM Global Investors LLC owned 0.13% of 1-800-Flowers.Com as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Legal & General Group Plc boosted its holdings in shares of 1-800-Flowers.Com by 39.3% in the fourth quarter. Legal & General Group Plc now owns 5,338 shares of the specialty retailer’s stock valued at $65,000 after acquiring an additional 1,506 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of 1-800-Flowers.Com by 686.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,549 shares of the specialty retailer’s stock valued at $101,000 after acquiring an additional 4,843 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of 1-800-Flowers.Com in the first quarter valued at approximately $102,000. First Mercantile Trust Co. bought a new position in shares of 1-800-Flowers.Com in the first quarter valued at approximately $149,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of 1-800-Flowers.Com by 395.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,978 shares of the specialty retailer’s stock valued at $110,000 after acquiring an additional 7,165 shares in the last quarter. 36.68% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on FLWS. BidaskClub lowered shares of 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Sidoti raised shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, May 24th. Benchmark upped their price target on shares of 1-800-Flowers.Com from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Craig Hallum upped their price target on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, DA Davidson upgraded shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $18.25 price target for the company in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.71.
In related news, CEO Christopher G. Mccann sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $20.04, for a total value of $501,000.00. Following the transaction, the chief executive officer now directly owns 943,328 shares in the company, valued at approximately $18,904,293.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher G. Mccann sold 12,500 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $18.65, for a total transaction of $233,125.00. Following the completion of the transaction, the chief executive officer now owns 943,328 shares in the company, valued at $17,593,067.20. The disclosure for this sale can be found here. Insiders sold a total of 162,500 shares of company stock worth $3,078,125 over the last quarter. 64.42% of the stock is currently owned by company insiders.
FLWS stock traded down $0.03 during midday trading on Wednesday, reaching $18.98. The company had a trading volume of 182,001 shares, compared to its average volume of 382,957. 1-800-Flowers.Com Inc has a 1 year low of $10.01 and a 1 year high of $21.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 1.75. The stock has a market capitalization of $1.22 billion, a P/E ratio of 43.14, a P/E/G ratio of 3.91 and a beta of 1.44. The company’s 50 day moving average price is $19.03.
1-800-Flowers.Com (NASDAQ:FLWS) last announced its quarterly earnings results on Tuesday, April 30th. The specialty retailer reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. 1-800-Flowers.Com had a net margin of 2.86% and a return on equity of 10.79%. The company had revenue of $248.40 million for the quarter, compared to analyst estimates of $243.12 million. During the same quarter in the prior year, the business posted ($0.15) EPS. 1-800-Flowers.Com’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that 1-800-Flowers.Com Inc will post 0.5 EPS for the current year.
1-800-Flowers.Com Company Profile
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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