Connor Clark & Lunn Investment Management Ltd. lessened its position in 1-800-Flowers.Com Inc (NASDAQ:FLWS) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 190,952 shares of the specialty retailer’s stock after selling 30,291 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in 1-800-Flowers.Com were worth $2,253,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of FLWS. Mackay Shields LLC boosted its holdings in 1-800-Flowers.Com by 4.5% in the second quarter. Mackay Shields LLC now owns 200,247 shares of the specialty retailer’s stock valued at $2,513,000 after acquiring an additional 8,600 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in 1-800-Flowers.Com by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 210,411 shares of the specialty retailer’s stock valued at $2,641,000 after acquiring an additional 5,740 shares in the last quarter. SG Americas Securities LLC bought a new stake in 1-800-Flowers.Com in the second quarter valued at $108,000. Russell Investments Group Ltd. boosted its holdings in 1-800-Flowers.Com by 21.6% in the second quarter. Russell Investments Group Ltd. now owns 45,261 shares of the specialty retailer’s stock valued at $571,000 after acquiring an additional 8,048 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in 1-800-Flowers.Com by 13.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 163,290 shares of the specialty retailer’s stock valued at $2,050,000 after acquiring an additional 19,704 shares in the last quarter. Hedge funds and other institutional investors own 34.15% of the company’s stock.
In other news, CEO Christopher G. Mccann sold 15,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $10.91, for a total transaction of $163,650.00. Following the sale, the chief executive officer now owns 939,828 shares in the company, valued at approximately $10,253,523.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher G. Mccann sold 12,500 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $12.30, for a total transaction of $153,750.00. Following the sale, the chief executive officer now owns 869,237 shares in the company, valued at approximately $10,691,615.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,234 shares of company stock worth $1,420,063. Company insiders own 64.42% of the company’s stock.
FLWS has been the topic of several recent analyst reports. Zacks Investment Research cut shares of 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Monday, August 27th. Noble Financial reiterated a “hold” rating on shares of 1-800-Flowers.Com in a report on Tuesday, August 28th. Northcoast Research reiterated a “neutral” rating on shares of 1-800-Flowers.Com in a report on Wednesday, August 15th. Benchmark reiterated a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of 1-800-Flowers.Com in a report on Wednesday, August 22nd. Finally, Sidoti upgraded shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.50.
NASDAQ:FLWS opened at $12.29 on Thursday. The firm has a market capitalization of $788.73 million, a P/E ratio of 34.14, a P/E/G ratio of 3.00 and a beta of 1.19. 1-800-Flowers.Com Inc has a twelve month low of $9.76 and a twelve month high of $15.00. The company has a current ratio of 2.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.30.
1-800-Flowers.Com (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, November 1st. The specialty retailer reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.03. 1-800-Flowers.Com had a net margin of 3.16% and a return on equity of 7.99%. The business had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $165.59 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts predict that 1-800-Flowers.Com Inc will post 0.41 earnings per share for the current fiscal year.
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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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