1-800-FLOWERS.COM (NASDAQ:FLWS) Shares Gap Up Following Insider Buying Activity

Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS - Get Free Report) gapped up prior to trading on Thursday after an insider bought additional shares in the company. The stock had previously closed at $7.64, but opened at $7.95. 1-800-FLOWERS.COM shares last traded at $8.25, with a volume of 85,944 shares trading hands.

Specifically, major shareholder Fund 1 Investments, Llc bought 97,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $7.64 per share, with a total value of $741,080.00. Following the completion of the purchase, the insider now directly owns 4,542,364 shares in the company, valued at $34,703,660.96. This represents a 2.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Fund 1 Investments, Llc acquired 61,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $7.33 per share, with a total value of $447,130.00. Following the completion of the acquisition, the insider now owns 4,285,364 shares in the company, valued at approximately $31,411,718.12. The trade was a 1.44 % increase in their position. The disclosure for this purchase can be found here. In other 1-800-FLOWERS.COM news, major shareholder Fund 1 Investments, Llc bought 50,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of $7.18 per share, for a total transaction of $359,000.00. Following the transaction, the insider now directly owns 4,224,364 shares in the company, valued at $30,330,933.52. This trade represents a 1.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FLWS shares. DA Davidson raised their price objective on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a "neutral" rating in a research note on Thursday, October 31st. StockNews.com lowered 1-800-FLOWERS.COM from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th.

1-800-FLOWERS.COM Stock Up 6.8 %

The company has a market capitalization of $524.04 million, a P/E ratio of -58.29, a price-to-earnings-growth ratio of 2.81 and a beta of 1.58. The company has a current ratio of 1.44, a quick ratio of 0.41 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average is $7.89 and its 200 day moving average is $8.39.

1-800-FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last posted its earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share for the quarter, topping analysts' consensus estimates of ($0.53) by $0.02. 1-800-FLOWERS.COM had a negative net margin of 0.50% and a positive return on equity of 2.10%. The company had revenue of $193.20 million during the quarter, compared to analyst estimates of $246.88 million. During the same period in the prior year, the business posted ($0.48) earnings per share. 1-800-FLOWERS.COM's revenue for the quarter was down 28.2% on a year-over-year basis. Research analysts predict that 1-800-FLOWERS.COM, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

Several hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in 1-800-FLOWERS.COM in the third quarter valued at $41,000. SG Americas Securities LLC purchased a new stake in shares of 1-800-FLOWERS.COM in the 3rd quarter worth about $106,000. JPMorgan Chase & Co. boosted its stake in shares of 1-800-FLOWERS.COM by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer's stock valued at $112,000 after purchasing an additional 1,623 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of 1-800-FLOWERS.COM during the third quarter valued at about $121,000. Finally, Federated Hermes Inc. raised its stake in 1-800-FLOWERS.COM by 8.9% in the second quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer's stock worth $244,000 after buying an additional 2,100 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

1-800-FLOWERS.COM Company 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.