Lawrence Calcano Sells 30,000 Shares of 1-800-Flowers.com Inc. (FLWS) Stock
1-800-Flowers.com Inc. (NASDAQ:FLWS) Director Lawrence Calcano sold 30,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $9.85, for a total value of $295,500.00. Following the transaction, the director now owns 43,153 shares of the company’s stock, valued at approximately $425,057.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
1-800-Flowers.com Inc. (NASDAQ:FLWS) opened at 10.10 on Friday. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $8.88. The company has a market capitalization of $657.32 million, a price-to-earnings ratio of 26.51 and a beta of 1.67. 1-800-Flowers.com Inc. has a 52-week low of $6.11 and a 52-week high of $10.25.
1-800-Flowers.com (NASDAQ:FLWS) last posted its quarterly earnings results on Thursday, August 25th. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). 1-800-Flowers.com had a return on equity of 11.15% and a net margin of 2.16%. The firm earned $234.40 million during the quarter, compared to analysts’ expectations of $228.18 million. During the same quarter last year, the firm earned ($0.13) earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts expect that 1-800-Flowers.com Inc. will post $0.47 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. B. Riley restated a “buy” rating and set a $12.50 price objective on shares of 1-800-Flowers.com in a report on Tuesday. Zacks Investment Research upgraded 1-800-Flowers.com from a “sell” rating to a “hold” rating in a report on Monday. Wunderlich boosted their price objective on 1-800-Flowers.com from $9.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Ladenburg Thalmann initiated coverage on 1-800-Flowers.com in a report on Wednesday, August 17th. They issued an “outperform” rating for the company. Finally, Noble Financial reiterated a “buy” rating and issued a $12.50 target price (up from $11.00) on shares of 1-800-Flowers.com in a report on Monday, August 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.38.
Several large investors have recently bought and sold shares of FLWS. Morgan Stanley boosted its stake in 1-800-Flowers.com by 0.3% in the third quarter. Morgan Stanley now owns 96,711 shares of the company’s stock valued at $887,000 after buying an additional 252 shares during the period. Nine Chapters Capital Management LLC acquired a new stake in 1-800-Flowers.com during the third quarter valued at about $126,000. Northern Trust Corp boosted its stake in 1-800-Flowers.com by 0.3% in the third quarter. Northern Trust Corp now owns 310,709 shares of the company’s stock valued at $2,849,000 after buying an additional 921 shares during the period. California State Teachers Retirement System boosted its stake in 1-800-Flowers.com by 0.7% in the third quarter. California State Teachers Retirement System now owns 54,987 shares of the company’s stock valued at $504,000 after buying an additional 400 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in 1-800-Flowers.com by 2.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 724,072 shares of the company’s stock valued at $6,640,000 after buying an additional 18,360 shares during the period. 34.37% of the stock is owned by hedge funds and other institutional investors.
1-800-Flowers.com Company Profile
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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