Prosperity Wealth Management Inc. Invests $248,000 in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Prosperity Wealth Management Inc. bought a new position in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,000 shares of the specialty retailer’s stock, valued at approximately $248,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL raised its holdings in 1-800-FLOWERS.COM by 5.5% during the third quarter. Gamco Investors INC. ET AL now owns 1,010,000 shares of the specialty retailer’s stock worth $7,070,000 after purchasing an additional 53,000 shares in the last quarter. North Star Investment Management Corp. lifted its position in 1-800-FLOWERS.COM by 78.2% in the fourth quarter. North Star Investment Management Corp. now owns 300,650 shares of the specialty retailer’s stock valued at $3,241,000 after acquiring an additional 131,900 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in 1-800-FLOWERS.COM by 184.9% in the third quarter. Panagora Asset Management Inc. now owns 48,510 shares of the specialty retailer’s stock valued at $340,000 after acquiring an additional 31,480 shares in the last quarter. Pale Fire Capital SE acquired a new position in 1-800-FLOWERS.COM in the third quarter valued at $352,000. Finally, Penserra Capital Management LLC grew its holdings in shares of 1-800-FLOWERS.COM by 10.5% during the third quarter. Penserra Capital Management LLC now owns 575,807 shares of the specialty retailer’s stock worth $4,030,000 after purchasing an additional 54,758 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 1-800-FLOWERS.COM from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

1-800-FLOWERS.COM Price Performance

NASDAQ:FLWS traded up $0.04 during trading hours on Wednesday, reaching $8.74. 53,079 shares of the company’s stock were exchanged, compared to its average volume of 392,557. 1-800-FLOWERS.COM, Inc. has a 1-year low of $5.97 and a 1-year high of $11.45. The company has a quick ratio of 1.12, a current ratio of 1.59 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $9.98 and a 200 day moving average of $9.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.27 EPS for the quarter, topping the consensus estimate of $1.22 by $0.05. 1-800-FLOWERS.COM had a positive return on equity of 3.32% and a negative net margin of 3.24%. The business had revenue of $822.10 million during the quarter, compared to analysts’ expectations of $825.20 million. During the same quarter in the prior year, the business earned $1.28 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that 1-800-FLOWERS.COM, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at 1-800-FLOWERS.COM

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 transaction, the insider now directly owns 72,739 shares in the company, valued at $677,927.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 49.77% of the company’s stock.

1-800-FLOWERS.COM Profile

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.