Yousif Capital Management LLC purchased a new stake in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,155 shares of the specialty retailer’s stock, valued at approximately $50,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strs Ohio purchased a new position in 1-800 FLOWERS.COM during the first quarter valued at approximately $157,000. Empowered Funds LLC raised its position in shares of 1-800 FLOWERS.COM by 4.3% in the 1st quarter. Empowered Funds LLC now owns 373,265 shares of the specialty retailer’s stock worth $2,202,000 after acquiring an additional 15,277 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of 1-800 FLOWERS.COM in the 1st quarter worth $110,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of 1-800 FLOWERS.COM during the 1st quarter worth $1,957,000. Finally, Bridgeway Capital Management LLC boosted its position in 1-800 FLOWERS.COM by 2.5% during the first quarter. Bridgeway Capital Management LLC now owns 614,665 shares of the specialty retailer’s stock valued at $3,627,000 after purchasing an additional 15,277 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.
Insider Buying and Selling at 1-800 FLOWERS.COM
In other news, major shareholder Fund 1 Investments, Llc sold 4,167,813 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $5.94, for a total transaction of $24,756,809.22. Following the sale, the insider directly owned 5,359,437 shares of the company’s stock, valued at $31,835,055.78. The trade was a 43.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 51.00% of the stock is owned by company insiders.
1-800 FLOWERS.COM Stock Performance
1-800 FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last released its earnings results on Thursday, September 4th. The specialty retailer reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.18). 1-800 FLOWERS.COM had a negative return on equity of 13.87% and a negative net margin of 11.86%.The company had revenue of $336.62 million for the quarter, compared to analysts’ expectations of $330.58 million. During the same period in the prior year, the firm posted ($0.34) EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -0.07 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on FLWS. Zacks Research downgraded shares of 1-800 FLOWERS.COM from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research report on Friday. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $7.50.
Check Out Our Latest Stock Analysis on FLWS
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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