DA Davidson Reiterates “Neutral” Rating for 1-800-FLOWERS.COM (NASDAQ:FLWS)

1-800-FLOWERS.COM (NASDAQ:FLWS)‘s stock had its “neutral” rating reissued by DA Davidson in a note issued to investors on Friday,Benzinga reports. They currently have a $7.50 target price on the specialty retailer’s stock. DA Davidson’s price target suggests a potential upside of 25.21% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a research note on Friday, March 7th.

1-800-FLOWERS.COM Stock Performance

FLWS stock traded down $0.04 during mid-day trading on Friday, reaching $5.99. 505,956 shares of the stock traded hands, compared to its average volume of 716,521. The company has a quick ratio of 1.03, a current ratio of 1.51 and a debt-to-equity ratio of 0.32. 1-800-FLOWERS.COM has a 52 week low of $5.78 and a 52 week high of $11.42. The business has a 50-day moving average of $7.80 and a two-hundred day moving average of $7.92. The firm has a market capitalization of $380.97 million, a PE ratio of -54.45 and a beta of 1.81.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts predict that 1-800-FLOWERS.COM will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc bought 15,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $6.43 per share, with a total value of $99,665.00. Following the completion of the purchase, the insider now owns 7,658,469 shares in the company, valued at approximately $49,243,955.67. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 1,953,605 shares of company stock valued at $15,151,661. 51.00% of the stock is currently owned by insiders.

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

Several institutional investors have recently modified their holdings of FLWS. Jones Financial Companies Lllp lifted its position in 1-800-FLOWERS.COM by 120.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,664 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 1,999 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in 1-800-FLOWERS.COM in the fourth quarter worth $37,000. Quantbot Technologies LP purchased a new stake in 1-800-FLOWERS.COM during the 4th quarter valued at $84,000. XTX Topco Ltd bought a new position in shares of 1-800-FLOWERS.COM during the fourth quarter valued at approximately $92,000. Finally, Inceptionr LLC purchased a new stake in 1-800-FLOWERS.COM in the fourth quarter worth $101,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.