1-800-Flowers.Com Inc (FLWS) Position Boosted by Sei Investments Co.
Sei Investments Co. lifted its stake in 1-800-Flowers.Com Inc (NASDAQ:FLWS) by 84.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 550,115 shares of the specialty retailer’s stock after purchasing an additional 252,148 shares during the quarter. Sei Investments Co.’s holdings in 1-800-Flowers.Com were worth $6,492,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. acquired a new position in shares of 1-800-Flowers.Com in the 4th quarter valued at $188,000. Schwab Charles Investment Management Inc. boosted its position in shares of 1-800-Flowers.Com by 14.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 129,255 shares of the specialty retailer’s stock valued at $1,384,000 after purchasing an additional 16,676 shares during the period. Aperio Group LLC acquired a new position in shares of 1-800-Flowers.Com in the 4th quarter valued at $168,000. Two Sigma Investments LP boosted its position in shares of 1-800-Flowers.Com by 19.2% in the 4th quarter. Two Sigma Investments LP now owns 116,378 shares of the specialty retailer’s stock valued at $1,245,000 after purchasing an additional 18,752 shares during the period. Finally, Pacific Ridge Capital Partners LLC acquired a new position in shares of 1-800-Flowers.Com in the 4th quarter valued at $986,000. Institutional investors and hedge funds own 36.14% of the company’s stock.
A number of equities analysts recently weighed in on the company. TheStreet lowered 1-800-Flowers.Com from a “b” rating to a “c+” rating in a research report on Tuesday, May 1st. Cann reiterated a “sell” rating on shares of 1-800-Flowers.Com in a research report on Monday, March 19th. Noble Financial lowered 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. BidaskClub upgraded 1-800-Flowers.Com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 27th. Finally, Benchmark restated a “buy” rating and set a $14.00 price objective (up from $13.00) on shares of 1-800-Flowers.Com in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.75.
1-800-Flowers.Com (NASDAQ:FLWS) last announced its quarterly earnings data on Tuesday, May 1st. The specialty retailer reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.01). 1-800-Flowers.Com had a return on equity of 9.86% and a net margin of 4.91%. The business had revenue of $238.50 million for the quarter, compared to analyst estimates of $230.78 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. equities analysts expect that 1-800-Flowers.Com Inc will post 0.43 EPS for the current year.
In other news, insider Arnold P. Leap sold 2,500 shares of 1-800-Flowers.Com stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $12.93, for a total transaction of $32,325.00. Following the completion of the sale, the insider now directly owns 27,609 shares in the company, valued at approximately $356,984.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher G. Mccann sold 15,000 shares of 1-800-Flowers.Com stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $12.86, for a total value of $192,900.00. Following the sale, the chief executive officer now owns 965,626 shares of the company’s stock, valued at $12,417,950.36. The disclosure for this sale can be found here. Insiders have sold a total of 92,500 shares of company stock valued at $1,146,075 over the last 90 days. Corporate insiders own 61.39% of the company’s stock.
1-800-Flowers.com, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Food and Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, and plush stuffed animals.
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