Short Interest in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Grows By 10.2%

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 5,170,000 shares, an increase of 10.2% from the November 15th total of 4,690,000 shares. Based on an average daily trading volume, of 330,500 shares, the days-to-cover ratio is presently 15.6 days. Currently, 19.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Insider Activity at 1-800-FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $7.80, for a total transaction of $312,000.00. Following the transaction, the insider now owns 3,674,364 shares of the company’s stock, valued at approximately $28,660,039.20. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 51.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of 1-800-FLOWERS.COM by 1,585.9% in the second quarter. Acadian Asset Management LLC now owns 376,131 shares of the specialty retailer’s stock valued at $3,576,000 after purchasing an additional 353,821 shares during the last quarter. American Century Companies Inc. boosted its stake in 1-800-FLOWERS.COM by 37.7% during the 2nd quarter. American Century Companies Inc. now owns 557,420 shares of the specialty retailer’s stock valued at $5,307,000 after purchasing an additional 152,536 shares during the period. Dimensional Fund Advisors LP grew its holdings in 1-800-FLOWERS.COM by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,635,093 shares of the specialty retailer’s stock valued at $25,086,000 after buying an additional 129,627 shares during the last quarter. GSA Capital Partners LLP bought a new position in 1-800-FLOWERS.COM in the 3rd quarter worth approximately $947,000. Finally, Empowered Funds LLC lifted its holdings in shares of 1-800-FLOWERS.COM by 50.3% during the third quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock worth $2,701,000 after buying an additional 114,072 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

1-800-FLOWERS.COM Stock Down 0.8 %

FLWS opened at $7.85 on Tuesday. The firm has a market cap of $504.13 million, a P/E ratio of -56.07, a price-to-earnings-growth ratio of 3.23 and a beta of 1.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 1.44. The business has a 50 day moving average price of $8.13 and a 200 day moving average price of $8.67. 1-800-FLOWERS.COM has a twelve month low of $7.14 and a twelve month high of $11.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.48) earnings per share. Research analysts forecast that 1-800-FLOWERS.COM will post 0.17 EPS for the current year.

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.