Renaissance Technologies LLC Lowers Stake in 1-800 FLOWERS.COM, Inc. (FLWS)
Renaissance Technologies LLC decreased its stake in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,600 shares of the specialty retailer’s stock after selling 2,113 shares during the period. Renaissance Technologies LLC owned about 0.12% of 1-800 FLOWERS.COM worth $792,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of 1-800 FLOWERS.COM by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 90,239 shares of the specialty retailer’s stock valued at $966,000 after buying an additional 3,527 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of 1-800 FLOWERS.COM during the first quarter valued at $1,097,000. Russell Investments Group Ltd. increased its position in shares of 1-800 FLOWERS.COM by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 18,906 shares of the specialty retailer’s stock valued at $192,000 after buying an additional 4,546 shares during the period. North Star Investment Management Corp. increased its position in shares of 1-800 FLOWERS.COM by 30.2% in the first quarter. North Star Investment Management Corp. now owns 127,405 shares of the specialty retailer’s stock valued at $1,300,000 after buying an additional 29,555 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of 1-800 FLOWERS.COM by 1.9% in the first quarter. Wells Fargo & Company MN now owns 21,063 shares of the specialty retailer’s stock valued at $215,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Shares of 1-800 FLOWERS.COM, Inc. (NASDAQ FLWS) traded up 0.282% during mid-day trading on Tuesday, reaching $8.875. 39,311 shares of the company were exchanged. The company has a market capitalization of $579.13 million, a price-to-earnings ratio of 13.654 and a beta of 1.58. 1-800 FLOWERS.COM, Inc. has a 12 month low of $7.80 and a 12 month high of $11.40. The firm’s 50-day moving average is $9.29 and its 200-day moving average is $9.89.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.02. The business had revenue of $239.50 million during the quarter, compared to the consensus estimate of $245.38 million. 1-800 FLOWERS.COM had a return on equity of 10.96% and a net margin of 3.69%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) EPS. On average, equities analysts forecast that 1-800 FLOWERS.COM, Inc. will post $0.47 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Monday. DA Davidson reiterated a “neutral” rating and issued a $9.00 price target (down from $11.00) on shares of 1-800 FLOWERS.COM in a report on Monday. Benchmark Co. reiterated a “buy” rating and issued a $13.00 price target on shares of 1-800 FLOWERS.COM in a report on Wednesday, August 23rd. BidaskClub upgraded 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, FBR & Co set a $13.00 price target on 1-800 FLOWERS.COM and gave the company a “buy” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $12.19.
About 1-800 FLOWERS.COM
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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