1-800 FLOWERS.COM (NASDAQ:FLWS) Major Shareholder Fund 1 Investments, Llc Sells 4,167,813 Shares of Stock

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) major shareholder Fund 1 Investments, Llc sold 4,167,813 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

1-800 FLOWERS.COM Stock Performance

Shares of FLWS opened at $4.87 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 1.28. The stock has a market capitalization of $309.83 million, a P/E ratio of -1.55 and a beta of 1.30. The company’s fifty day moving average is $5.01 and its two-hundred day moving average is $5.23. 1-800 FLOWERS.COM, Inc. has a 1 year low of $3.86 and a 1 year high of $9.24.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, September 4th. The specialty retailer reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.18). The firm had revenue of $336.62 million during the quarter, compared to analyst estimates of $330.58 million. 1-800 FLOWERS.COM had a negative net margin of 11.86% and a negative return on equity of 13.87%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share. On average, sell-side analysts predict that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

A number of institutional investors and hedge funds have recently made changes to their positions in FLWS. AlphaQuest LLC purchased a new stake in shares of 1-800 FLOWERS.COM in the 1st quarter worth about $25,000. Quarry LP purchased a new stake in shares of 1-800 FLOWERS.COM in the 1st quarter worth about $39,000. State of Wyoming boosted its position in shares of 1-800 FLOWERS.COM by 197.8% in the 2nd quarter. State of Wyoming now owns 9,833 shares of the specialty retailer’s stock worth $48,000 after buying an additional 6,531 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of 1-800 FLOWERS.COM in the 2nd quarter worth about $50,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of 1-800 FLOWERS.COM in the 2nd quarter worth about $57,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on FLWS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research note on Friday. Zacks Research cut shares of 1-800 FLOWERS.COM from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, 1-800 FLOWERS.COM currently has an average rating of “Reduce” and an average price target of $7.50.

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.