Royce & Associates LP Lowers Holdings in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Royce & Associates LP lowered its holdings in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 88.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,072 shares of the specialty retailer’s stock after selling 76,774 shares during the quarter. Royce & Associates LP’s holdings in 1-800-FLOWERS.COM were worth $82,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position 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 worth $112,000 after purchasing an additional 1,623 shares in the last quarter. First Eagle Investment Management LLC boosted its position in 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 worth $2,853,000 after purchasing an additional 188,582 shares in the last quarter. Arkadios Wealth Advisors boosted its position in 1-800-FLOWERS.COM by 12.9% during the fourth quarter. Arkadios Wealth Advisors now owns 35,215 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 4,015 shares in the last quarter. Jane Street Group LLC boosted its position in 1-800-FLOWERS.COM by 66.1% during the third quarter. Jane Street Group LLC now owns 56,440 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 22,460 shares in the last quarter. Finally, State Street Corp boosted its position in 1-800-FLOWERS.COM by 0.5% during the third quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock worth $4,755,000 after purchasing an additional 2,886 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Activity at 1-800-FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc purchased 61,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $7.33 per share, with a total value of $447,130.00. Following the completion of the acquisition, the insider now owns 4,285,364 shares in the company, valued at $31,411,718.12. This trade represents a 1.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 2,135,105 shares of company stock valued at $16,169,191. 51.00% of the stock is currently owned by insiders.

1-800-FLOWERS.COM Stock Performance

NASDAQ FLWS opened at $5.80 on Friday. The company has a market cap of $368.89 million, a PE ratio of -52.73 and a beta of 1.81. The stock’s 50 day simple moving average is $7.53 and its 200-day simple moving average is $7.79. 1-800-FLOWERS.COM, Inc. has a 1-year low of $5.43 and a 1-year high of $11.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 1.03.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, January 30th. The specialty retailer reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.76%. As a group, equities research 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 equities analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $7.50 price target on shares of 1-800-FLOWERS.COM in a research report on Friday, March 14th. Weiss Ratings restated a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a research report on Friday, March 7th.

1-800-FLOWERS.COM 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.