1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS – Get Rating) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,380,000 shares, a drop of 12.5% from the August 15th total of 2,720,000 shares. Currently, 8.4% of the company's stock are short sold. Based on an average daily trading volume, of 650,700 shares, the short-interest ratio is currently 3.7 days.
Insider Activity at 1-800-FLOWERS.COM
In other 1-800-FLOWERS.COM news, President Thomas G. Hartnett acquired 25,000 shares of the stock in a transaction on Friday, September 16th. The shares were bought at an average cost of $6.12 per share, with a total value of $153,000.00. Following the transaction, the president now owns 245,266 shares of the company's stock, valued at approximately $1,501,027.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 49.20% of the company's stock.
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Hedge Funds Weigh In On 1-800-FLOWERS.COM
Several institutional investors have recently modified their holdings of FLWS. BNP Paribas Arbitrage SA grew its position in shares of 1-800-FLOWERS.COM by 703.4% during the fourth quarter. BNP Paribas Arbitrage SA now owns 42,138 shares of the specialty retailer's stock worth $985,000 after acquiring an additional 36,893 shares during the last quarter. HighTower Advisors LLC acquired a new stake in 1-800-FLOWERS.COM in the fourth quarter worth about $421,000. Rafferty Asset Management LLC lifted its holdings in 1-800-FLOWERS.COM by 40.4% in the fourth quarter. Rafferty Asset Management LLC now owns 41,075 shares of the specialty retailer's stock worth $960,000 after purchasing an additional 11,809 shares during the period. Renaissance Technologies LLC lifted its holdings in 1-800-FLOWERS.COM by 106.9% in the fourth quarter. Renaissance Technologies LLC now owns 296,700 shares of the specialty retailer's stock worth $6,934,000 after purchasing an additional 153,300 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in 1-800-FLOWERS.COM by 0.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 574,400 shares of the specialty retailer's stock worth $13,424,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 37.61% of the company's stock.
Analysts Set New Price Targets
FLWS has been the topic of several research reports. StockNews.com downgraded shares of 1-800-FLOWERS.COM from a "hold" rating to a "sell" rating in a research report on Wednesday, August 31st. Benchmark dropped their target price on shares of 1-800-FLOWERS.COM from $17.00 to $13.00 and set a "buy" rating for the company in a report on Friday, September 2nd. DA Davidson dropped their target price on shares of 1-800-FLOWERS.COM from $9.25 to $7.00 and set a "neutral" rating for the company in a report on Friday, September 2nd. Noble Financial lowered their price target on shares of 1-800-FLOWERS.COM to $13.00 in a report on Tuesday, September 6th. Finally, Craig Hallum lowered their target price on shares of 1-800-FLOWERS.COM to $8.00 in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.25.
1-800-FLOWERS.COM Stock Performance
FLWS stock traded up $0.36 during trading on Monday, hitting $6.46. 1,521,911 shares of the company's stock traded hands, compared to its average volume of 867,620. The company has a quick ratio of 0.63, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. 1-800-FLOWERS.COM has a 52 week low of $5.95 and a 52 week high of $35.72. The stock has a fifty day moving average price of $9.16 and a two-hundred day moving average price of $10.71. The stock has a market capitalization of $417.03 million, a price-to-earnings ratio of 14.68 and a beta of 1.60.
1-800-FLOWERS.COM (NASDAQ:FLWS – Get Rating) last released its quarterly earnings results on Thursday, September 1st. The specialty retailer reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.12). The firm had revenue of $485.90 million for the quarter, compared to the consensus estimate of $486.81 million. 1-800-FLOWERS.COM had a return on equity of 6.21% and a net margin of 1.34%. The firm's revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. As a group, equities analysts anticipate that 1-800-FLOWERS.COM will post 0.45 EPS for the current fiscal year.
About 1-800-FLOWERS.COM
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1-800-FLOWERS.COM, Inc, together with its subsidiaries, 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, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.
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