1-800 FLOWERS.COM (NASDAQ:FLWS) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.82 and traded as high as $4.65. 1-800 FLOWERS.COM shares last traded at $4.33, with a volume of 403,277 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FLWS shares. Wall Street Zen cut 1-800 FLOWERS.COM from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Noble Financial reiterated an “outperform” rating on shares of 1-800 FLOWERS.COM in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.75.

1-800 FLOWERS.COM Stock Performance

The stock has a market cap of $277.55 million, a P/E ratio of -2.05 and a beta of 1.34. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $3.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 0.49.

1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The firm had revenue of $293.01 million for the quarter, compared to analysts’ expectations of $292.42 million. 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%. Sell-side analysts expect that 1-800 FLOWERS.COM, Inc. will post -1.23 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 489,238 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $4.17, for a total transaction of $2,040,122.46. Following the sale, the insider directly owned 3,607,004 shares of the company’s stock, valued at $15,041,206.68. This represents a 11.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 1,752,433 shares of company stock worth $7,555,619. 52.16% of the stock is owned by corporate insiders.

Institutional Trading of 1-800 FLOWERS.COM

Several hedge funds have recently modified their holdings of the company. Nantahala Capital Management LLC raised its holdings in shares of 1-800 FLOWERS.COM by 68.4% during the 3rd quarter. Nantahala Capital Management LLC now owns 3,368,065 shares of the specialty retailer’s stock worth $15,493,000 after acquiring an additional 1,368,065 shares in the last quarter. Newtyn Management LLC raised its holdings in shares of 1-800 FLOWERS.COM by 56.3% during the 3rd quarter. Newtyn Management LLC now owns 2,516,466 shares of the specialty retailer’s stock worth $11,576,000 after acquiring an additional 906,911 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in 1-800 FLOWERS.COM by 4.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,284,900 shares of the specialty retailer’s stock valued at $3,906,000 after buying an additional 57,000 shares during the period. Goldman Sachs Group Inc. raised its holdings in 1-800 FLOWERS.COM by 337.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,209,640 shares of the specialty retailer’s stock valued at $4,754,000 after buying an additional 933,063 shares during the period. Finally, Vanguard Group Inc. raised its holdings in 1-800 FLOWERS.COM by 31.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,125,083 shares of the specialty retailer’s stock valued at $5,175,000 after buying an additional 272,056 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.