1-800-FLOWERS.COM (NASDAQ:FLWS) Reaches New 52-Week Low After Earnings Miss

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)’s share price reached a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $6.56 and last traded at $8.05, with a volume of 661873 shares. The stock had previously closed at $8.83.

The specialty retailer reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative net margin of 0.50% and a positive return on equity of 2.10%.

Analyst Ratings Changes

Several research firms have recently commented on FLWS. Weiss Ratings restated a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a report on Saturday, January 18th. DA Davidson upped their price objective on shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com cut shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Saturday, November 9th.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc bought 89,301 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $8.38 per share, for a total transaction of $748,342.38. Following the completion of the acquisition, the insider now directly owns 4,668,665 shares in the company, valued at approximately $39,123,412.70. This trade represents a 1.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 334,301 shares of company stock worth $2,597,102 over the last 90 days. 51.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of 1-800-FLOWERS.COM by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,635,093 shares of the specialty retailer’s stock valued at $25,086,000 after acquiring an additional 129,627 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of 1-800-FLOWERS.COM by 7.2% during the 2nd quarter. Hsbc Holdings PLC now owns 32,034 shares of the specialty retailer’s stock valued at $304,000 after purchasing an additional 2,148 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of 1-800-FLOWERS.COM by 55.1% during the 2nd quarter. AQR Capital Management LLC now owns 136,020 shares of the specialty retailer’s stock worth $1,295,000 after purchasing an additional 48,321 shares during the period. SG Americas Securities LLC purchased a new position in shares of 1-800-FLOWERS.COM in the 3rd quarter worth about $106,000. Finally, nVerses Capital LLC bought a new position in 1-800-FLOWERS.COM during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

1-800-FLOWERS.COM Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.41. The firm has a market cap of $513.44 million, a PE ratio of -57.28, a P/E/G ratio of 3.29 and a beta of 1.58. The business’s fifty day moving average is $7.95 and its 200-day moving average is $8.31.

1-800-FLOWERS.COM Company Profile

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.