Public Employees Retirement System of Ohio Takes $397,000 Position in 1-800-Flowers.Com Inc (NASDAQ:FLWS)

Public Employees Retirement System of Ohio acquired a new stake in shares of 1-800-Flowers.Com Inc (NASDAQ:FLWS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,032 shares of the specialty retailer’s stock, valued at approximately $397,000.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of 1-800-Flowers.Com by 63.2% during the second quarter. Renaissance Technologies LLC now owns 137,598 shares of the specialty retailer’s stock valued at $2,598,000 after purchasing an additional 53,298 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 1-800-Flowers.Com by 16.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 240,208 shares of the specialty retailer’s stock worth $4,536,000 after acquiring an additional 33,680 shares during the last quarter. Bank of Montreal Can increased its stake in shares of 1-800-Flowers.Com by 7,414.9% in the 2nd quarter. Bank of Montreal Can now owns 69,738 shares of the specialty retailer’s stock worth $1,317,000 after acquiring an additional 68,810 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of 1-800-Flowers.Com by 149.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 287,458 shares of the specialty retailer’s stock worth $5,427,000 after acquiring an additional 172,246 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of 1-800-Flowers.Com by 5.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 120,875 shares of the specialty retailer’s stock worth $2,289,000 after acquiring an additional 5,802 shares during the last quarter. Hedge funds and other institutional investors own 38.76% of the company’s stock.

1-800-Flowers.Com stock traded up $0.36 during midday trading on Monday, reaching $14.58. 9,393 shares of the stock traded hands, compared to its average volume of 446,787. The company has a 50-day simple moving average of $16.56 and a two-hundred day simple moving average of $18.33. 1-800-Flowers.Com Inc has a 12-month low of $10.07 and a 12-month high of $21.77. The firm has a market cap of $904.30 million, a PE ratio of 27.25 and a beta of 1.44. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.27.

1-800-Flowers.Com (NASDAQ:FLWS) last announced its earnings results on Thursday, August 22nd. The specialty retailer reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. 1-800-Flowers.Com had a return on equity of 10.35% and a net margin of 2.78%. The company had revenue of $259.40 million during the quarter, compared to analysts’ expectations of $255.15 million. During the same period last year, the business posted ($0.12) EPS. 1-800-Flowers.Com’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts anticipate that 1-800-Flowers.Com Inc will post 0.58 earnings per share for the current year.

A number of analysts have issued reports on FLWS shares. DA Davidson set a $25.00 target price on 1-800-Flowers.Com and gave the stock a “buy” rating in a research note on Monday, August 26th. Zacks Investment Research downgraded 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Noble Financial set a $25.00 price objective on 1-800-Flowers.Com and gave the stock a “buy” rating in a research report on Friday, August 23rd. BidaskClub cut 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, TheStreet cut 1-800-Flowers.Com from a “b-” rating to a “c+” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.67.

In other news, CEO Christopher G. Mccann sold 25,000 shares of 1-800-Flowers.Com stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $19.60, for a total value of $490,000.00. Following the completion of the transaction, the chief executive officer now owns 943,328 shares in the company, valued at approximately $18,489,228.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher G. Mccann sold 12,500 shares of 1-800-Flowers.Com stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $18.88, for a total value of $236,000.00. Following the completion of the transaction, the chief executive officer now owns 943,328 shares of the company’s stock, valued at approximately $17,810,032.64. The disclosure for this sale can be found here. Insiders sold a total of 137,500 shares of company stock valued at $2,541,250 in the last quarter. Company insiders own 64.42% of the company’s stock.

About 1-800-Flowers.Com

1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Institutional Ownership by Quarter for 1-800-Flowers.Com (NASDAQ:FLWS)

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