Rice Hall James & Associates LLC decreased its stake in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS – Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 215,261 shares of the specialty retailer’s stock after selling 3,550 shares during the quarter. Rice Hall James & Associates LLC’s holdings in 1-800-FLOWERS.COM were worth $1,759,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth $41,000. SG Americas Securities LLC acquired a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth $106,000. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 1,623 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth $121,000. Finally, Arkadios Wealth Advisors increased its stake in shares of 1-800-FLOWERS.COM by 12.9% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.
Insider Activity at 1-800-FLOWERS.COM
In related news, major shareholder Fund 1 Investments, Llc bought 50,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was bought at an average cost of $7.18 per share, with a total value of $359,000.00. Following the completion of the purchase, the insider now owns 4,224,364 shares in the company, valued at approximately $30,330,933.52. The trade was a 1.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 1,310,605 shares of company stock valued at $10,322,986 in the last ninety days. Insiders own 51.00% of the company’s stock.
1-800-FLOWERS.COM Stock Performance
1-800-FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative return on equity of 0.76% and a negative net margin of 0.43%. Equities research analysts forecast that 1-800-FLOWERS.COM, Inc. will post -0.07 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have recently commented on FLWS. StockNews.com lowered shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson restated a “neutral” rating and set a $7.50 price target on shares of 1-800-FLOWERS.COM in a research note on Thursday, January 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a research note on Saturday, February 1st.
Read Our Latest Research Report on 1-800-FLOWERS.COM
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.
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