1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Short Interest Up 21.6% in August

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,430,000 shares, an increase of 21.6% from the August 15th total of 2,820,000 shares. Currently, 12.3% of the company’s shares are short sold. Based on an average daily volume of 274,000 shares, the short-interest ratio is presently 12.5 days.

1-800-FLOWERS.COM Stock Up 1.3 %

1-800-FLOWERS.COM stock traded up $0.10 during midday trading on Tuesday, reaching $7.94. The stock had a trading volume of 93,503 shares, compared to its average volume of 324,430. The company has a fifty day moving average price of $9.00 and a two-hundred day moving average price of $9.41. The company has a market capitalization of $509.83 million, a P/E ratio of -66.92, a PEG ratio of 2.80 and a beta of 1.62. The company has a current ratio of 1.69, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. 1-800-FLOWERS.COM has a 12 month low of $6.27 and a 12 month high of $11.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.07). 1-800-FLOWERS.COM had a negative net margin of 0.33% and a positive return on equity of 2.45%. The business had revenue of $360.90 million for the quarter, compared to the consensus estimate of $374.40 million. During the same quarter last year, the firm posted ($0.28) EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities analysts expect that 1-800-FLOWERS.COM will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of 1-800-FLOWERS.COM by 96.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock worth $114,000 after buying an additional 5,173 shares during the last quarter. EntryPoint Capital LLC purchased a new position in 1-800-FLOWERS.COM in the first quarter worth $167,000. Price T Rowe Associates Inc. MD grew its stake in 1-800-FLOWERS.COM by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 1,287 shares during the period. Federated Hermes Inc. increased its position in shares of 1-800-FLOWERS.COM by 8.9% during the 2nd quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of 1-800-FLOWERS.COM during the 2nd quarter worth $256,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised shares of 1-800-FLOWERS.COM from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $8.00 to $7.00 in a research report on Friday, August 30th.

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.