1-800 FLOWERS.COM (NASDAQ:FLWS) Stock Crosses Above 200-Day Moving Average – Here’s Why

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.82 and traded as high as $4.65. 1-800 FLOWERS.COM shares last traded at $4.33, with a volume of 403,277 shares.

Analysts Set New Price Targets

A number of research firms have commented on FLWS. Wall Street Zen cut shares of 1-800 FLOWERS.COM from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Noble Financial restated an “outperform” rating on shares of 1-800 FLOWERS.COM in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, 1-800 FLOWERS.COM currently has an average rating of “Hold” and a consensus target price of $3.75.

1-800 FLOWERS.COM Stock Down 4.0%

The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average is $3.86 and its two-hundred day moving average is $3.83.

1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The firm had revenue of $293.01 million during the quarter, compared to the consensus estimate 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%. On average, sell-side analysts forecast that 1-800 FLOWERS.COM, Inc. will post -1.23 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc sold 720,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $4.19, for a total value of $3,016,800.00. Following the completion of the transaction, the insider owned 4,096,242 shares of the company’s stock, valued at approximately $17,163,253.98. This represents a 14.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 1,752,433 shares of company stock valued at $7,555,619. Corporate insiders own 52.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nantahala Capital Management LLC boosted its holdings in shares of 1-800 FLOWERS.COM by 68.4% during the 3rd quarter. Nantahala Capital Management LLC now owns 3,368,065 shares of the specialty retailer’s stock valued at $15,493,000 after purchasing an additional 1,368,065 shares during the last quarter. Newtyn Management LLC boosted its holdings in shares of 1-800 FLOWERS.COM by 56.3% during the 3rd quarter. Newtyn Management LLC now owns 2,516,466 shares of the specialty retailer’s stock valued at $11,576,000 after purchasing an additional 906,911 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of 1-800 FLOWERS.COM by 4.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,284,900 shares of the specialty retailer’s stock valued at $3,906,000 after purchasing an additional 57,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 1-800 FLOWERS.COM by 337.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,209,640 shares of the specialty retailer’s stock valued at $4,754,000 after purchasing an additional 933,063 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of 1-800 FLOWERS.COM by 31.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,125,083 shares of the specialty retailer’s stock valued at $5,175,000 after purchasing an additional 272,056 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

About 1-800 FLOWERS.COM

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.