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

Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS - Get Free Report) gapped up prior to trading on Friday after an insider bought additional shares in the company. The stock had previously closed at $8.09, but opened at $8.48. 1-800-FLOWERS.COM shares last traded at $8.19, with a volume of 53,967 shares changing hands.

Specifically, major shareholder Fund 1 Investments, Llc bought 396,004 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $7.73 per share, with a total value of $3,061,110.92. Following the completion of the transaction, the insider now directly owns 5,154,769 shares in the company, valued at $39,846,364.37. This represents a 8.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund 1 Investments, Llc bought 73,100 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average price of $8.68 per share, with a total value of $634,508.00. Following the completion of the purchase, the insider now directly owns 4,741,765 shares of the company's stock, valued at $41,158,520.20. This represents a 1.57 % increase in their position. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FLWS. StockNews.com lowered shares of 1-800-FLOWERS.COM from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. Weiss Ratings reissued a "sell (e+)" rating on shares of 1-800-FLOWERS.COM in a report on Saturday. Finally, DA Davidson reissued a "neutral" rating and issued a $7.50 price objective on shares of 1-800-FLOWERS.COM in a research note on Thursday, January 30th.

1-800-FLOWERS.COM Stock Performance

The firm has a fifty day moving average of $7.95 and a 200-day moving average of $8.24. The company has a quick ratio of 0.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The firm has a market cap of $519.54 million, a P/E ratio of -73.55, a PEG ratio of 3.15 and a beta of 1.58.

1-800-FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.11). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.77%. Research analysts predict that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in FLWS. Hennion & Walsh Asset Management Inc. raised its position in shares of 1-800-FLOWERS.COM by 3.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer's stock worth $353,000 after purchasing an additional 1,472 shares during the period. JPMorgan Chase & Co. lifted its stake in 1-800-FLOWERS.COM by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 14,095 shares of the specialty retailer's stock valued at $112,000 after buying an additional 1,623 shares in the last quarter. State Street Corp boosted its stake in 1-800-FLOWERS.COM by 0.5% in the 3rd quarter. State Street Corp now owns 599,570 shares of the specialty retailer's stock worth $4,755,000 after purchasing an additional 2,886 shares during the period. Arkadios Wealth Advisors boosted its position in shares of 1-800-FLOWERS.COM by 12.9% during the fourth quarter. Arkadios Wealth Advisors now owns 35,215 shares of the specialty retailer's stock worth $288,000 after buying an additional 4,015 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of 1-800-FLOWERS.COM during the third quarter worth about $41,000. Institutional investors and hedge funds own 38.43% of the company's stock.

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.