Raymond James Financial Inc. Takes Position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Raymond James Financial Inc. purchased a new stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,989 shares of the specialty retailer’s stock, valued at approximately $155,000.

Several other hedge funds also recently modified their holdings of FLWS. JPMorgan Chase & Co. grew its holdings in shares of 1-800-FLOWERS.COM by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 1,623 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of 1-800-FLOWERS.COM by 120.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,664 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 1,999 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of 1-800-FLOWERS.COM by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 14,721 shares of the specialty retailer’s stock worth $120,000 after acquiring an additional 2,775 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of 1-800-FLOWERS.COM by 12.9% in the 4th quarter. Arkadios Wealth Advisors now owns 35,215 shares of the specialty retailer’s stock worth $288,000 after acquiring an additional 4,015 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of 1-800-FLOWERS.COM in the 4th quarter worth $37,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLWS has been the topic of a number of recent research reports. StockNews.com cut 1-800-FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Monday. Noble Financial cut 1-800-FLOWERS.COM from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 1-800-FLOWERS.COM in a report on Saturday. Finally, DA Davidson reiterated a “neutral” rating and set a $7.50 price target on shares of 1-800-FLOWERS.COM in a report on Friday, March 14th.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc acquired 40,500 shares of 1-800-FLOWERS.COM stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average price of $8.57 per share, with a total value of $347,085.00. Following the completion of the transaction, the insider now owns 6,441,469 shares in the company, valued at approximately $55,203,389.33. This trade represents a 0.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 1,185,098 shares of company stock worth $7,824,807. 51.00% of the stock is owned by corporate insiders.

1-800-FLOWERS.COM Stock Performance

Shares of FLWS stock opened at $5.24 on Wednesday. 1-800-FLOWERS.COM, Inc. has a 1-year low of $3.86 and a 1-year high of $11.10. The company has a current ratio of 1.51, a quick ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $333.27 million, a price-to-earnings ratio of -47.64 and a beta of 1.58. The stock’s fifty day simple moving average is $5.62 and its 200-day simple moving average is $7.15.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, May 8th. The specialty retailer reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.37). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.76%. The business had revenue of $331.45 million for the quarter, compared to analysts’ expectations of $367.85 million. During the same quarter in the prior year, the firm posted ($0.28) EPS. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, sell-side analysts predict that 1-800-FLOWERS.COM, Inc. will post -0.07 earnings per share for the current fiscal year.

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.