1-800-Flowers.Com (NASDAQ:FLWS) Shares Cross Above 50-Day Moving Average of $18.98

1-800-Flowers.Com Inc (NASDAQ:FLWS)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.98 and traded as high as $19.20. 1-800-Flowers.Com shares last traded at $18.94, with a volume of 7,880 shares changing hands.

A number of research analysts recently weighed in on the company. BidaskClub upgraded 1-800-Flowers.Com from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Sidoti upgraded 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, May 24th. Zacks Investment Research upgraded 1-800-Flowers.Com from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Thursday, May 2nd. Craig Hallum lifted their target price on 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Benchmark lifted their target price on 1-800-Flowers.Com from $18.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.71.

The firm has a 50 day moving average price of $18.96. The company has a market cap of $1.21 billion, a P/E ratio of 42.91, a price-to-earnings-growth ratio of 3.83 and a beta of 1.44. The company has a current ratio of 2.28, a quick ratio of 1.75 and a debt-to-equity ratio of 0.24.

1-800-Flowers.Com (NASDAQ:FLWS) last issued its quarterly earnings data on Tuesday, April 30th. The specialty retailer reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. The company had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $243.12 million. 1-800-Flowers.Com had a return on equity of 10.79% and a net margin of 2.86%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. On average, research analysts anticipate that 1-800-Flowers.Com Inc will post 0.5 earnings per share for the current fiscal year.

In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 25,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $19.02, for a total transaction of $475,500.00. Following the transaction, the chief executive officer now owns 943,328 shares in the company, valued at $17,942,098.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher G. Mccann sold 12,500 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $18.65, for a total value of $233,125.00. Following the transaction, the chief executive officer now owns 943,328 shares in the company, valued at approximately $17,593,067.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,500 shares of company stock worth $2,625,125. 64.42% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. One Wealth Advisors LLC increased its position in shares of 1-800-Flowers.Com by 5.7% during the fourth quarter. One Wealth Advisors LLC now owns 16,834 shares of the specialty retailer’s stock worth $206,000 after acquiring an additional 908 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of 1-800-Flowers.Com by 4.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 30,740 shares of the specialty retailer’s stock worth $560,000 after acquiring an additional 1,405 shares during the last quarter. Legal & General Group Plc increased its position in shares of 1-800-Flowers.Com by 39.3% during the fourth quarter. Legal & General Group Plc now owns 5,338 shares of the specialty retailer’s stock worth $65,000 after acquiring an additional 1,506 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of 1-800-Flowers.Com by 686.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,549 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 4,843 shares during the last quarter. Finally, Menta Capital LLC increased its position in shares of 1-800-Flowers.Com by 13.5% during the first quarter. Menta Capital LLC now owns 41,918 shares of the specialty retailer’s stock worth $764,000 after acquiring an additional 5,000 shares during the last quarter. 36.68% of the stock is currently owned by institutional investors and hedge funds.

About 1-800-Flowers.Com (NASDAQ:FLWS)

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 Foods & 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, jewelry, and plush stuffed animals.

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