BNP Paribas Financial Markets Sells 11,667 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

BNP Paribas Financial Markets lowered its position in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,514 shares of the specialty retailer’s stock after selling 11,667 shares during the period. BNP Paribas Financial Markets owned about 0.06% of 1-800-FLOWERS.COM worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cannell Capital LLC bought a new position in 1-800-FLOWERS.COM during the 4th quarter worth about $628,000. First Eagle Investment Management LLC boosted its stake in shares of 1-800-FLOWERS.COM by 117.4% during the fourth quarter. First Eagle Investment Management LLC now owns 349,260 shares of the specialty retailer’s stock valued at $2,853,000 after purchasing an additional 188,582 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 1-800-FLOWERS.COM by 13.0% during the third quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 1,623 shares during the period. Gamco Investors INC. ET AL raised its stake in 1-800-FLOWERS.COM by 6.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,284,300 shares of the specialty retailer’s stock worth $10,493,000 after buying an additional 76,400 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in 1-800-FLOWERS.COM in the fourth quarter worth approximately $155,000. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FLWS. Noble Financial cut 1-800-FLOWERS.COM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Wall Street Zen downgraded 1-800-FLOWERS.COM from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. DA Davidson reiterated a “neutral” rating and issued a $7.50 target price on shares of 1-800-FLOWERS.COM in a research note on Friday, March 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a report on Saturday.

Insider Buying and Selling at 1-800-FLOWERS.COM

In other news, major shareholder Fund 1 Investments, Llc acquired 56,500 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $6.91 per share, with a total value of $390,415.00. Following the completion of the acquisition, the insider now owns 7,581,969 shares of the company’s stock, valued at approximately $52,391,405.79. This trade represents a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders acquired 905,098 shares of company stock worth $5,126,582. 51.00% of the stock is owned by insiders.

1-800-FLOWERS.COM Price Performance

Shares of FLWS opened at $4.67 on Tuesday. The company has a 50 day moving average of $5.37 and a two-hundred day moving average of $6.91. The company has a quick ratio of 1.03, a current ratio of 1.51 and a debt-to-equity ratio of 0.32. 1-800-FLOWERS.COM, Inc. has a twelve month low of $3.86 and a twelve month high of $11.10. The company has a market cap of $296.84 million, a price-to-earnings ratio of -42.45 and a beta of 1.58.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, May 8th. The specialty retailer reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.37). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.76%. The business had revenue of $331.45 million for the quarter, compared to analysts’ expectations of $367.85 million. During the same quarter in the prior year, the company posted ($0.28) EPS. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. As a group, analysts predict that 1-800-FLOWERS.COM, Inc. will post -0.07 earnings per share for the current fiscal year.

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.