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

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.85 and traded as high as $4.01. 1-800 FLOWERS.COM shares last traded at $3.92, with a volume of 189,850 shares trading hands.

Analyst Ratings Changes

FLWS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 24th. Noble Financial reaffirmed an “outperform” rating on shares of 1-800 FLOWERS.COM in a research report on Friday, May 8th. Zacks Research lowered 1-800 FLOWERS.COM from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.75.

1-800 FLOWERS.COM Trading Up 1.8%

The business’s fifty day moving average is $4.10 and its 200-day moving average is $3.85. The stock has a market capitalization of $251.27 million, a PE ratio of -1.86 and a beta of 1.36. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61.

1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The company had revenue of $293.01 million for the quarter, compared to analyst estimates 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%. As a group, analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -1.23 EPS for the current fiscal year.

Insider Activity at 1-800 FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc sold 489,238 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $4.17, for a total value of $2,040,122.46. Following the transaction, the insider directly owned 3,607,004 shares of the company’s stock, valued at approximately $15,041,206.68. This trade represents a 11.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 1,752,433 shares of company stock worth $7,555,619. Corporate insiders own 52.16% of the company’s stock.

Institutional Investors Weigh In On 1-800 FLOWERS.COM

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of 1-800 FLOWERS.COM by 538,100.0% in the 3rd quarter. Quarry LP now owns 5,382 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 5,381 shares during the period. FNY Investment Advisers LLC lifted its stake in shares of 1-800 FLOWERS.COM by 2,832.6% in the 4th quarter. FNY Investment Advisers LLC now owns 10,000 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 9,659 shares in the last quarter. Jain Global LLC purchased a new stake in shares of 1-800 FLOWERS.COM during the 4th quarter worth about $46,000. nVerses Capital LLC acquired a new stake in 1-800 FLOWERS.COM during the 4th quarter worth approximately $48,000. Finally, Deutsche Bank AG acquired a new stake in 1-800 FLOWERS.COM during the 4th quarter worth approximately $48,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

1-800 FLOWERS.COM Company Profile

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.