Insider Selling: 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Major Shareholder Sells $312,000.00 in Stock

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc sold 40,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $7.80, for a total transaction of $312,000.00. Following the completion of the sale, the insider now owns 3,674,364 shares of the company’s stock, valued at approximately $28,660,039.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

1-800-FLOWERS.COM Stock Performance

NASDAQ FLWS opened at $8.83 on Thursday. 1-800-FLOWERS.COM, Inc. has a 52-week low of $7.14 and a 52-week high of $11.42. The firm has a 50-day moving average of $7.93 and a 200-day moving average of $8.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 1.44.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.02. The company had revenue of $193.20 million during the quarter, compared to analysts’ expectations 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 revenue was down 28.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.48) earnings per share. On average, research analysts forecast that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in shares of 1-800-FLOWERS.COM by 50.3% during the 3rd quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock worth $2,701,000 after acquiring an additional 114,072 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of 1-800-FLOWERS.COM in the 3rd quarter valued at $947,000. Rice Hall James & Associates LLC increased its stake in shares of 1-800-FLOWERS.COM by 23.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 218,811 shares of the specialty retailer’s stock valued at $1,735,000 after purchasing an additional 41,737 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of 1-800-FLOWERS.COM by 3.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer’s stock valued at $353,000 after purchasing an additional 1,472 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth $41,000. Institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FLWS shares. StockNews.com upgraded shares of 1-800-FLOWERS.COM from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. DA Davidson raised their price objective on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

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.