Federated Hermes Inc. Reduces Holdings in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Federated Hermes Inc. trimmed its position in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 14.3% in the 4th quarter, Holdings Channel reports. The firm owned 21,266 shares of the specialty retailer’s stock after selling 3,544 shares during the period. Federated Hermes Inc.’s holdings in 1-800-FLOWERS.COM were worth $229,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cornercap Investment Counsel Inc. grew its holdings in 1-800-FLOWERS.COM by 2.0% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 71,758 shares of the specialty retailer’s stock valued at $774,000 after buying an additional 1,375 shares in the last quarter. Raymond James & Associates grew its holdings in 1-800-FLOWERS.COM by 21.1% in the 4th quarter. Raymond James & Associates now owns 25,800 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 4,500 shares in the last quarter. Strs Ohio grew its holdings in 1-800-FLOWERS.COM by 13.6% in the 3rd quarter. Strs Ohio now owns 74,400 shares of the specialty retailer’s stock valued at $520,000 after buying an additional 8,900 shares in the last quarter. Teton Advisors Inc. grew its holdings in 1-800-FLOWERS.COM by 6.1% in the 3rd quarter. Teton Advisors Inc. now owns 173,000 shares of the specialty retailer’s stock valued at $1,211,000 after buying an additional 10,000 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in 1-800-FLOWERS.COM by 8.3% in the 3rd quarter. Gabelli Funds LLC now owns 130,000 shares of the specialty retailer’s stock valued at $910,000 after buying an additional 10,000 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Arnold P. Leap sold 3,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $9.32, for a total transaction of $27,960.00. Following the transaction, the insider now owns 72,739 shares of the company’s stock, valued at approximately $677,927.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 49.77% of the stock is owned by corporate insiders.

1-800-FLOWERS.COM Stock Performance

NASDAQ FLWS opened at $8.90 on Monday. The stock has a market cap of $574.05 million, a PE ratio of -74.17, a P/E/G ratio of 2.12 and a beta of 1.67. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. 1-800-FLOWERS.COM, Inc. has a twelve month low of $5.97 and a twelve month high of $11.42. The stock has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $9.59.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, May 2nd. The specialty retailer reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.04). 1-800-FLOWERS.COM had a positive return on equity of 3.29% and a negative net margin of 0.42%. The business had revenue of $379.40 million for the quarter, compared to analysts’ expectations of $383.73 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. DA Davidson lowered their price target on 1-800-FLOWERS.COM from $9.50 to $9.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com cut 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Friday.

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.