1-800 FLOWERS.COM (NASDAQ:FLWS) Releases Earnings Results, Misses Expectations By $0.24 EPS
1-800 FLOWERS.COM (NASDAQ:FLWS) reported earnings of ($0.83) per share, missing estimates by $0.24. The company has a negative net margin of 11.86% and a return on equity of -13.87%. Shares traded at $3.60, with a market cap of $228.71 million. Analysts have downgraded the stock to 'strong sell' and 'sell' ratings, with a consensus rating of 'Reduce' and an average price target of $7.50. Major shareholder Fund 1 Investments sold 4.17 million shares, reducing their ownership by 43.75%.
1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) released its quarterly earnings data on Thursday. The specialty retailer reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.24), Zacks reports. 1-800 FLOWERS.COM had a negative return on equity of 13.87% and a negative net margin of 11.86%.
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1-800 FLOWERS.COM Stock Performance
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Shares of FLWS stock traded up $0.11 on Thursday, hitting $3.60. 3,040,631 shares of the stock traded hands, compared to its average volume of 895,780. The company's fifty day moving average is $4.90 and its 200 day moving average is $5.19. 1-800 FLOWERS.COM has a 1-year low of $3.08 and a 1-year high of $9.24. The company has a market capitalization of $228.71 million, a PE ratio of -1.14 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 0.48.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on FLWS shares. Zacks Research lowered shares of 1-800 FLOWERS.COM from a "hold" rating to a "strong sell" rating in a report on Monday, October 20th. Weiss Ratings restated a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, 1-800 FLOWERS.COM presently has a consensus rating of "Reduce" and an average price target of $7.50.
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Get Our Latest Stock Analysis on FLWS
Insider Activity at 1-800 FLOWERS.COM
In related news, major shareholder Fund 1 Investments, Llc sold 4,167,813 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $5.94, for a total transaction of $24,756,809.22. Following the sale, the insider owned 5,359,437 shares in the company, valued at $31,835,055.78. This represents a 43.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 52.16% of the company's stock.
Hedge Funds Weigh In On 1-800 FLOWERS.COM
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Several institutional investors have recently made changes to their positions in the stock. State of Wyoming raised its position in shares of 1-800 FLOWERS.COM by 197.8% during the 2nd quarter. State of Wyoming now owns 9,833 shares of the specialty retailer's stock worth $48,000 after purchasing an additional 6,531 shares during the period. Russell Investments Group Ltd. grew its stake in 1-800 FLOWERS.COM by 62.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,232 shares of the specialty retailer's stock worth $114,000 after buying an additional 8,889 shares during the last quarter. Strs Ohio acquired a new stake in 1-800 FLOWERS.COM in the first quarter worth $157,000. Rhumbline Advisers increased its position in 1-800 FLOWERS.COM by 34.0% in the second quarter. Rhumbline Advisers now owns 53,581 shares of the specialty retailer's stock worth $264,000 after buying an additional 13,599 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new stake in 1-800 FLOWERS.COM in the second quarter valued at $339,000. 38.43% of the stock is owned by institutional investors.
1-800 FLOWERS.COM Company Profile
(Get Free Report)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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