1-800-FLOWERS.COM (NASDAQ:FLWS) Shares Gap Up Following Insider Buying Activity

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) gapped up before the market opened on Thursday following insider buying activity. The stock had previously closed at $7.64, but opened at $7.95. 1-800-FLOWERS.COM shares last traded at $8.25, with a volume of 85,944 shares trading hands.

Specifically, major shareholder Fund 1 Investments, Llc bought 97,000 shares of 1-800-FLOWERS.COM stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $7.64 per share, for a total transaction of $741,080.00. Following the acquisition, the insider now 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Fund 1 Investments, Llc bought 61,000 shares of the stock in a transaction dated 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 purchase, 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 disclosure for this purchase can be found here. In other news, major shareholder Fund 1 Investments, Llc acquired 50,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was acquired at an average price of $7.18 per share, for a total transaction of $359,000.00. Following the completion of the acquisition, the insider now owns 4,224,364 shares in the company, valued at $30,330,933.52. This trade represents a 1.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FLWS shares. StockNews.com downgraded shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. DA Davidson upped their price target on shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

1-800-FLOWERS.COM Stock Up 9.3 %

The company’s 50 day simple moving average is $7.89 and its 200-day simple moving average is $8.39. The firm has a market cap of $536.24 million, a P/E ratio of -59.64, a PEG ratio of 2.81 and a beta of 1.58. The company has a current ratio of 1.44, a quick ratio of 0.41 and a debt-to-equity ratio of 0.40.

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

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

Hedge funds have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in 1-800-FLOWERS.COM in the third quarter worth about $41,000. SG Americas Securities LLC purchased a new stake in 1-800-FLOWERS.COM in the 3rd quarter worth approximately $106,000. JPMorgan Chase & Co. raised its stake in 1-800-FLOWERS.COM by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 1,623 shares during the period. Paloma Partners Management Co purchased a new position in 1-800-FLOWERS.COM during the third quarter valued at approximately $121,000. Finally, Federated Hermes Inc. boosted its position in shares of 1-800-FLOWERS.COM by 8.9% in the second quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock worth $244,000 after purchasing 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.