1-800-FLOWERS.COM (NASDAQ:FLWS) Downgraded to Hold at StockNews.com

1-800-FLOWERS.COM (NASDAQ:FLWS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, DA Davidson dropped their price target on 1-800-FLOWERS.COM from $9.50 to $9.00 and set a “neutral” rating on the stock in a research note on Friday.

1-800-FLOWERS.COM Trading Down 2.4 %

Shares of FLWS stock opened at $8.90 on Friday. 1-800-FLOWERS.COM has a fifty-two week low of $5.97 and a fifty-two week high of $11.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.59. The stock has a 50 day simple moving average of $9.80 and a two-hundred day simple moving average of $9.59. The company has a market cap of $574.05 million, a P/E ratio of -74.17, a PEG ratio of 2.12 and a beta of 1.67.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, May 2nd. The specialty retailer reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.04). The company had revenue of $379.40 million during the quarter, compared to the consensus estimate of $383.73 million. 1-800-FLOWERS.COM had a negative net margin of 0.42% and a positive return on equity of 3.29%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. Research analysts forecast that 1-800-FLOWERS.COM will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Arnold P. Leap sold 3,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $9.32, for a total transaction of $27,960.00. Following the completion of the sale, the insider now directly owns 72,739 shares of the company’s stock, valued at $677,927.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 49.77% of the company’s stock.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Several institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in shares of 1-800-FLOWERS.COM in the 1st quarter worth $1,432,000. BNP Paribas Financial Markets increased its stake in 1-800-FLOWERS.COM by 105.0% in the 1st quarter. BNP Paribas Financial Markets now owns 42,559 shares of the specialty retailer’s stock valued at $461,000 after buying an additional 21,800 shares during the last quarter. Prosperity Consulting Group LLC bought a new position in shares of 1-800-FLOWERS.COM during the 1st quarter worth approximately $1,105,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 1-800-FLOWERS.COM by 96.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 5,173 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of 1-800-FLOWERS.COM by 1.2% during the first quarter. Rice Hall James & Associates LLC now owns 150,444 shares of the specialty retailer’s stock valued at $1,629,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

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.