State Street Corp boosted its position in 1-800-Flowers.Com Inc (NASDAQ:FLWS) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 632,897 shares of the specialty retailer’s stock after acquiring an additional 11,924 shares during the period. State Street Corp’s holdings in 1-800-Flowers.Com were worth $8,373,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of 1-800-Flowers.Com by 815.2% during the 1st quarter. Royal Bank of Canada now owns 9,664 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 8,608 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in 1-800-Flowers.Com during the first quarter valued at approximately $190,000. ClariVest Asset Management LLC bought a new stake in 1-800-Flowers.Com during the first quarter valued at approximately $211,000. JPMorgan Chase & Co. grew its position in 1-800-Flowers.Com by 67.9% during the first quarter. JPMorgan Chase & Co. now owns 17,165 shares of the specialty retailer’s stock valued at $227,000 after buying an additional 6,941 shares during the period. Finally, State of Tennessee Treasury Department grew its position in 1-800-Flowers.Com by 84.7% during the first quarter. State of Tennessee Treasury Department now owns 17,975 shares of the specialty retailer’s stock valued at $238,000 after buying an additional 8,245 shares during the period. 41.97% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of 1-800-Flowers.Com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Zacks Investment Research upgraded shares of 1-800-Flowers.Com from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, July 3rd. Craig Hallum upped their price target on shares of 1-800-Flowers.Com from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Noble Financial reiterated a “buy” rating and issued a $25.00 price target on shares of 1-800-Flowers.Com in a research report on Friday, May 1st. Finally, DA Davidson upped their price target on shares of 1-800-Flowers.Com from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. 1-800-Flowers.Com has an average rating of “Buy” and an average price target of $25.17.
Shares of NASDAQ:FLWS opened at $28.25 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 2.10. The firm has a fifty day moving average price of $22.98 and a 200 day moving average price of $18.72. 1-800-Flowers.Com Inc has a fifty-two week low of $11.15 and a fifty-two week high of $28.89. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 47.08 and a beta of 1.44.
1-800-Flowers.Com (NASDAQ:FLWS) last issued its earnings results on Thursday, April 30th. The specialty retailer reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.03. The firm had revenue of $278.80 million during the quarter, compared to analyst estimates of $264.24 million. 1-800-Flowers.Com had a net margin of 3.07% and a return on equity of 11.39%. 1-800-Flowers.Com’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. As a group, research analysts predict that 1-800-Flowers.Com Inc will post 0.94 earnings per share for the current year.
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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