Zacks Research Downgrades 1-800 FLOWERS.COM (NASDAQ:FLWS) to Strong Sell

1-800 FLOWERS.COM (NASDAQ:FLWS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also recently commented on FLWS. Wall Street Zen raised 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings restated a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 24th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of 1-800 FLOWERS.COM in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $3.75.

1-800 FLOWERS.COM Stock Up 1.1%

FLWS stock opened at $3.77 on Monday. 1-800 FLOWERS.COM has a twelve month low of $2.88 and a twelve month high of $8.44. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The company has a market cap of $241.66 million, a PE ratio of -1.79 and a beta of 1.36. The business’s 50-day simple moving average is $4.08 and its 200 day simple moving average is $3.87.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.75) by ($0.02). 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%.The firm had revenue of $293.01 million during the quarter, compared to the consensus estimate of $292.42 million. On average, research analysts anticipate that 1-800 FLOWERS.COM will post -1.23 earnings per share for the current year.

Insider Buying and Selling at 1-800 FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc sold 489,238 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $4.17, for a total transaction of $2,040,122.46. Following the completion of the sale, the insider owned 3,607,004 shares in the company, valued at $15,041,206.68. This trade represents a 11.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 1,752,433 shares of company stock valued at $7,555,619. 52.16% of the stock is currently owned by corporate insiders.

Institutional Trading of 1-800 FLOWERS.COM

Large investors have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in 1-800 FLOWERS.COM by 538,100.0% during the 3rd quarter. Quarry LP now owns 5,382 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 5,381 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in 1-800 FLOWERS.COM by 2,832.6% in the fourth quarter. FNY Investment Advisers LLC now owns 10,000 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 9,659 shares in the last quarter. Jain Global LLC bought a new stake in shares of 1-800 FLOWERS.COM during the fourth quarter worth $46,000. nVerses Capital LLC acquired a new stake in shares of 1-800 FLOWERS.COM in the fourth quarter valued at $48,000. Finally, Deutsche Bank AG acquired a new stake in shares of 1-800 FLOWERS.COM in the fourth quarter valued at $48,000. 38.43% of the stock is owned by institutional investors.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.