1-800-Flowers.com Inc. (FLWS) General Counsel Sells $109,120.00 in Stock
1-800-Flowers.com Inc. (NASDAQ:FLWS) General Counsel Gerard M. Gallagher sold 11,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $9.92, for a total transaction of $109,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
1-800-Flowers.com Inc. (NASDAQ:FLWS) opened at 9.95 on Monday. The company’s 50 day moving average is $9.40 and its 200 day moving average is $8.89. The stock has a market cap of $647.56 million, a PE ratio of 26.12 and a beta of 1.67. 1-800-Flowers.com Inc. has a 12 month low of $6.11 and a 12 month high of $10.25.
1-800-Flowers.com (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) EPS for the quarter, hitting analysts’ consensus estimates of ($0.14). 1-800-Flowers.com had a net margin of 2.16% and a return on equity of 11.15%. The business earned $234.40 million during the quarter, compared to analysts’ expectations of $228.18 million. During the same period last year, the company posted ($0.13) EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that 1-800-Flowers.com Inc. will post $0.47 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Nine Chapters Capital Management LLC acquired a new position in shares of 1-800-Flowers.com during the third quarter worth approximately $126,000. Raymond James & Associates boosted its position in shares of 1-800-Flowers.com by 9.2% in the second quarter. Raymond James & Associates now owns 14,300 shares of the company’s stock worth $129,000 after buying an additional 1,200 shares during the last quarter. Jag Capital Management LLC acquired a new position in shares of 1-800-Flowers.com during the third quarter worth approximately $133,000. American International Group Inc. boosted its position in shares of 1-800-Flowers.com by 2.4% in the second quarter. American International Group Inc. now owns 14,986 shares of the company’s stock worth $135,000 after buying an additional 347 shares during the last quarter. Finally, Globeflex Capital L P boosted its position in shares of 1-800-Flowers.com by 30.2% in the second quarter. Globeflex Capital L P now owns 15,359 shares of the company’s stock worth $139,000 after buying an additional 3,559 shares during the last quarter. 35.27% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of 1-800-Flowers.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. B. Riley reaffirmed a “buy” rating and set a $12.50 price objective (up from $11.00) on shares of 1-800-Flowers.com in a research note on Thursday, November 3rd. Wunderlich upped their price objective on shares of 1-800-Flowers.com from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Noble Financial reaffirmed a “buy” rating and set a $12.50 price objective (up from $11.00) on shares of 1-800-Flowers.com in a research note on Monday, August 29th. Finally, Ladenburg Thalmann assumed coverage on shares of 1-800-Flowers.com in a research note on Wednesday, August 17th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. 1-800-Flowers.com has a consensus rating of “Buy” and an average price target of $12.38.
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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