Schwab Charles Investment Management Inc. Has $1.08 Million Stake in 1-800 FLOWERS.COM, Inc. (FLWS)
Schwab Charles Investment Management Inc. raised its stake in shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,786 shares of the specialty retailer’s stock after buying an additional 5,985 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.16% of 1-800 FLOWERS.COM worth $1,080,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of 1-800 FLOWERS.COM by 67.1% in the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 3,929 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of 1-800 FLOWERS.COM during the first quarter valued at approximately $104,000. Nine Chapters Capital Management LLC raised its stake in shares of 1-800 FLOWERS.COM by 9.6% in the first quarter. Nine Chapters Capital Management LLC now owns 12,600 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 1,100 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of 1-800 FLOWERS.COM during the first quarter valued at approximately $130,000. Finally, American International Group Inc. raised its stake in shares of 1-800 FLOWERS.COM by 7.1% in the first quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 1,066 shares in the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.
1-800 FLOWERS.COM, Inc. (NASDAQ FLWS) traded up 0.847% during trading on Thursday, hitting $8.925. The company had a trading volume of 44,677 shares. The firm’s 50 day moving average is $9.29 and its 200-day moving average is $9.89. 1-800 FLOWERS.COM, Inc. has a 52-week low of $7.80 and a 52-week high of $11.40. The stock has a market capitalization of $582.39 million, a price-to-earnings ratio of 13.731 and a beta of 1.58.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The company had revenue of $239.50 million for the quarter, compared to analyst estimates of $245.38 million. 1-800 FLOWERS.COM had a return on equity of 10.96% and a net margin of 3.69%. 1-800 FLOWERS.COM’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) earnings per share. On average, equities analysts forecast that 1-800 FLOWERS.COM, Inc. will post $0.47 earnings per share for the current year.
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FLWS has been the subject of several analyst reports. Northcoast Research reiterated a “buy” rating and set a $14.00 price objective (up previously from $12.00) on shares of 1-800 FLOWERS.COM in a report on Wednesday, May 3rd. FBR & Co set a $13.00 price objective on 1-800 FLOWERS.COM and gave the company a “buy” rating in a report on Monday, August 21st. Benchmark Co. reiterated a “buy” rating and set a $13.00 price objective on shares of 1-800 FLOWERS.COM in a report on Wednesday, August 23rd. BidaskClub upgraded 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. 1-800 FLOWERS.COM has an average rating of “Buy” and a consensus price target of $12.14.
About 1-800 FLOWERS.COM
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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