1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Stake Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 26.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,359 shares of the specialty retailer’s stock after selling 1,974 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in 1-800-FLOWERS.COM were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in 1-800-FLOWERS.COM in the third quarter worth $1,564,000. North Star Investment Management Corp. increased its holdings in shares of 1-800-FLOWERS.COM by 78.2% in the 4th quarter. North Star Investment Management Corp. now owns 300,650 shares of the specialty retailer’s stock worth $3,241,000 after acquiring an additional 131,900 shares during the period. Jump Financial LLC acquired a new position in 1-800-FLOWERS.COM during the 3rd quarter valued at about $682,000. Acadian Asset Management LLC acquired a new stake in shares of 1-800-FLOWERS.COM in the third quarter valued at approximately $436,000. Finally, Penserra Capital Management LLC raised its holdings in shares of 1-800-FLOWERS.COM by 10.5% during the third quarter. Penserra Capital Management LLC now owns 575,807 shares of the specialty retailer’s stock valued at $4,030,000 after buying an additional 54,758 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

Insider Activity at 1-800-FLOWERS.COM

In other 1-800-FLOWERS.COM news, insider Arnold P. Leap sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $9.32, for a total value of $27,960.00. Following the completion of the sale, the insider now directly owns 72,739 shares in the company, valued at $677,927.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 49.77% of the company’s stock.

1-800-FLOWERS.COM Price Performance

Shares of NASDAQ FLWS opened at $9.31 on Tuesday. The stock has a market cap of $600.50 million, a P/E ratio of -9.70, a P/E/G ratio of 2.21 and a beta of 1.66. The firm’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $9.56. 1-800-FLOWERS.COM, Inc. has a fifty-two week low of $5.97 and a fifty-two week high of $11.42. The company has a quick ratio of 1.12, a current ratio of 1.59 and a debt-to-equity ratio of 0.36.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, February 1st. The specialty retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The firm had revenue of $822.10 million for the quarter, compared to analysts’ expectations of $825.20 million. 1-800-FLOWERS.COM had a negative net margin of 3.24% and a positive return on equity of 3.32%. 1-800-FLOWERS.COM’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. Equities analysts expect that 1-800-FLOWERS.COM, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 1-800-FLOWERS.COM from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

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.