Insider Buying: 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Major Shareholder Purchases $741,080.00 in Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc bought 97,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $7.64 per share, with a total value of $741,080.00. Following the completion of the purchase, the insider now directly owns 4,542,364 shares of the company’s stock, valued at approximately $34,703,660.96. This trade represents a 2.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Monday, January 13th, Fund 1 Investments, Llc acquired 61,000 shares of 1-800-FLOWERS.COM stock. The stock was purchased at an average price of $7.33 per share, for a total transaction of $447,130.00.
• On Friday, January 10th, Fund 1 Investments, Llc bought 50,000 shares of 1-800-FLOWERS.COM stock. The shares were acquired at an average price of $7.18 per share, with a total value of $359,000.00.
• On Monday, November 4th, Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock. The shares were sold at an average price of $7.80, for a total value of $312,000.00.

1-800-FLOWERS.COM Stock Performance

Shares of FLWS stock opened at $8.14 on Friday. The stock has a market capitalization of $522.75 million, a price-to-earnings ratio of -58.14, a PEG ratio of 2.81 and a beta of 1.58. 1-800-FLOWERS.COM, Inc. has a one year low of $7.01 and a one year high of $11.42. The company’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $8.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 1.44.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.02. 1-800-FLOWERS.COM had a positive return on equity of 2.10% and a negative net margin of 0.50%. The company had revenue of $193.20 million for the quarter, compared to the consensus estimate of $246.88 million. During the same quarter last year, the business posted ($0.48) EPS. 1-800-FLOWERS.COM’s quarterly revenue was down 28.2% compared to the same quarter last year. Equities analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

A number of hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of 1-800-FLOWERS.COM during the third quarter worth $41,000. SG Americas Securities LLC acquired a new stake in shares of 1-800-FLOWERS.COM during the 3rd quarter worth approximately $106,000. JPMorgan Chase & Co. boosted its position in 1-800-FLOWERS.COM by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 1,623 shares during the period. Paloma Partners Management Co acquired a new position in shares of 1-800-FLOWERS.COM during the third quarter valued at $121,000. Finally, Federated Hermes Inc. boosted its stake in 1-800-FLOWERS.COM by 8.9% during the 2nd quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

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

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.