Fund 1 Investments, Llc Acquires 97,000 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc acquired 97,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average cost of $7.64 per share, for a total transaction of $741,080.00. Following the completion of the purchase, the insider now directly owns 4,542,364 shares of the company’s stock, valued at approximately $34,703,660.96. The trade was a 2.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Monday, January 13th, Fund 1 Investments, Llc bought 61,000 shares of 1-800-FLOWERS.COM stock. The stock was purchased at an average price of $7.33 per share, with a total value of $447,130.00.
• On Friday, January 10th, Fund 1 Investments, Llc purchased 50,000 shares of 1-800-FLOWERS.COM stock. The shares were acquired at an average price of $7.18 per share, for a total transaction of $359,000.00.
• On Monday, November 4th, Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock. The shares were sold at an average price of $7.80, for a total value of $312,000.00.

1-800-FLOWERS.COM Price Performance

Shares of FLWS traded up $0.24 during mid-day trading on Wednesday, hitting $7.64. 352,026 shares of the company traded hands, compared to its average volume of 384,292. The company has a current ratio of 1.44, a quick ratio of 0.41 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $490.64 million, a price-to-earnings ratio of -54.57, a PEG ratio of 3.10 and a beta of 1.58. The business has a 50-day moving average of $7.91 and a 200 day moving average of $8.39. 1-800-FLOWERS.COM, Inc. has a one year low of $7.01 and a one year high of $11.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. The firm had revenue of $193.20 million for the quarter, compared to analyst estimates of $246.88 million. 1-800-FLOWERS.COM had a positive return on equity of 2.10% and a negative net margin of 0.50%. The business’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same period last year, the company earned ($0.48) EPS. As a group, equities analysts expect that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on FLWS shares. StockNews.com cut 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. DA Davidson increased their price objective on shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, October 31st.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

Several hedge funds have recently added to or reduced their stakes in FLWS. nVerses Capital LLC bought a new stake in 1-800-FLOWERS.COM during the 3rd quarter worth about $41,000. SG Americas Securities LLC bought a new stake in shares of 1-800-FLOWERS.COM during the third quarter worth approximately $106,000. JPMorgan Chase & Co. lifted its holdings in 1-800-FLOWERS.COM by 13.0% in 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. Paloma Partners Management Co bought a new position in 1-800-FLOWERS.COM in the third quarter valued at approximately $121,000. Finally, Federated Hermes Inc. grew its holdings in 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 worth $244,000 after acquiring an additional 2,100 shares during the period. Institutional investors own 38.43% of the company’s stock.

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.