BlackRock Advisors LLC raised its stake in 1-800-Flowers.com Inc. (NASDAQ:FLWS) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 729,998 shares of the company’s stock after buying an additional 175 shares during the period. BlackRock Advisors LLC owned about 1.12% of 1-800-Flowers.com worth $6,585,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its stake in 1-800-Flowers.com by 7.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,753 shares of the company’s stock worth $156,000 after buying an additional 1,428 shares in the last quarter. Bank of Montreal Can purchased a new stake in 1-800-Flowers.com during the second quarter worth $186,000. Emerald Acquisition Ltd. purchased a new stake in 1-800-Flowers.com during the second quarter worth $259,000. Oxford Asset Management boosted its stake in 1-800-Flowers.com by 134.0% in the second quarter. Oxford Asset Management now owns 30,749 shares of the company’s stock worth $277,000 after buying an additional 17,608 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new stake in 1-800-Flowers.com during the second quarter worth $303,000. Institutional investors own 34.33% of the company’s stock.
1-800-Flowers.com Inc. (NASDAQ:FLWS) opened at 9.07 on Friday. The firm’s 50 day moving average price is $9.21 and its 200-day moving average price is $8.62. The stock has a market cap of $589.65 million, a price-to-earnings ratio of 16.49 and a beta of 1.76. 1-800-Flowers.com Inc. has a 52 week low of $6.11 and a 52 week high of $10.88.
1-800-Flowers.com (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, August 25th. The company reported ($0.14) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.14). The company had revenue of $234.40 million for the quarter, compared to analysts’ expectations of $228.18 million. 1-800-Flowers.com had a return on equity of 12.33% and a net margin of 3.14%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Analysts expect that 1-800-Flowers.com Inc. will post $0.47 EPS for the current year.
FLWS has been the topic of a number of research reports. Ladenburg Thalmann initiated coverage on 1-800-Flowers.com in a report on Wednesday, August 17th. They issued an “outperform” rating on the stock. B. Riley restated a “buy” rating and issued a $11.00 price target on shares of 1-800-Flowers.com in a report on Wednesday, August 31st. Noble Financial restated a “buy” rating and issued a $12.50 price target (up previously from $11.00) on shares of 1-800-Flowers.com in a report on Monday, August 29th. Zacks Investment Research upgraded 1-800-Flowers.com from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Finally, Wunderlich lowered their target price on 1-800-Flowers.com from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $11.63.
In other news, General Counsel Gerard M. Gallagher sold 25,000 shares of 1-800-Flowers.com stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $9.28, for a total transaction of $232,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 53.90% of the company’s stock.
1-800-Flowers.com Company Profile
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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