Allspring Global Investments Holdings LLC trimmed its stake in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS – Free Report) by 61.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,954 shares of the specialty retailer’s stock after selling 382,456 shares during the period. Allspring Global Investments Holdings LLC’s holdings in 1-800-FLOWERS.COM were worth $1,879,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of 1-800-FLOWERS.COM by 4,455.1% in the 1st quarter. JPMorgan Chase & Co. now owns 701,844 shares of the specialty retailer’s stock worth $8,071,000 after acquiring an additional 686,436 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 1-800-FLOWERS.COM by 41.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,824,392 shares of the specialty retailer’s stock worth $20,980,000 after acquiring an additional 538,874 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of 1-800-FLOWERS.COM by 39.7% in the third quarter. Renaissance Technologies LLC now owns 637,669 shares of the specialty retailer’s stock worth $4,138,000 after buying an additional 181,369 shares during the last quarter. Chimera Capital Management LLC purchased a new position in shares of 1-800-FLOWERS.COM in the fourth quarter worth approximately $1,602,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 1-800-FLOWERS.COM by 40.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 561,857 shares of the specialty retailer’s stock worth $5,371,000 after buying an additional 163,169 shares during the last quarter. 37.51% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other 1-800-FLOWERS.COM news, CFO William E. Shea acquired 30,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average cost of $6.34 per share, with a total value of $190,200.00. Following the completion of the purchase, the chief financial officer now directly owns 274,883 shares in the company, valued at $1,742,758.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Thomas G. Hartnett purchased 25,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $6.09 per share, with a total value of $152,250.00. Following the completion of the transaction, the president now owns 280,333 shares in the company, valued at approximately $1,707,227.97. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William E. Shea purchased 30,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average cost of $6.34 per share, with a total value of $190,200.00. Following the completion of the transaction, the chief financial officer now owns 274,883 shares of the company’s stock, valued at approximately $1,742,758.22. The disclosure for this purchase can be found here. 49.78% of the stock is owned by insiders.
1-800-FLOWERS.COM Trading Down 3.2 %
1-800-FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last posted its quarterly earnings data on Thursday, August 31st. The specialty retailer reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.04. The business had revenue of $398.80 million for the quarter, compared to analysts’ expectations of $413.31 million. 1-800-FLOWERS.COM had a negative net margin of 2.22% and a positive return on equity of 2.68%. The business’s revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) earnings per share. As a group, analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on FLWS shares. StockNews.com started coverage on shares of 1-800-FLOWERS.COM in a report on Thursday, October 5th. They set a “hold” rating on the stock. DA Davidson reduced their price objective on shares of 1-800-FLOWERS.COM from $11.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, 1-800-FLOWERS.COM has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.
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.
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