Prosperity Wealth Management Inc. Invests $248,000 in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Prosperity Wealth Management Inc. acquired a new stake in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,000 shares of the specialty retailer’s stock, valued at approximately $248,000.

A number of other institutional investors also recently bought and sold shares of FLWS. BlackRock Inc. increased its position in shares of 1-800-FLOWERS.COM by 17.3% in the 2nd quarter. BlackRock Inc. now owns 3,579,570 shares of the specialty retailer’s stock valued at $27,921,000 after acquiring an additional 528,812 shares during the period. Dimensional Fund Advisors LP boosted its position in 1-800-FLOWERS.COM by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,245,265 shares of the specialty retailer’s stock valued at $17,514,000 after buying an additional 420,873 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 1-800-FLOWERS.COM by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,572,393 shares of the specialty retailer’s stock valued at $11,007,000 after acquiring an additional 81,508 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of 1-800-FLOWERS.COM by 5.5% in the third quarter. Gamco Investors INC. ET AL now owns 1,010,000 shares of the specialty retailer’s stock worth $7,070,000 after acquiring an additional 53,000 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

1-800-FLOWERS.COM Price Performance

FLWS stock traded up $0.04 during trading on Wednesday, hitting $8.74. 53,079 shares of the company traded hands, compared to its average volume of 392,557. 1-800-FLOWERS.COM, Inc. has a 1 year low of $5.97 and a 1 year high of $11.45. The stock’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $9.42. The company has a quick ratio of 1.12, a current ratio of 1.59 and a debt-to-equity ratio of 0.36.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. 1-800-FLOWERS.COM had a negative net margin of 3.24% and a positive return on equity of 3.32%. The business had revenue of $822.10 million for the quarter, compared to analysts’ expectations of $825.20 million. During the same quarter last year, the company earned $1.28 EPS. The business’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 1-800-FLOWERS.COM from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Insider Transactions at 1-800-FLOWERS.COM

In related news, insider Arnold P. Leap sold 3,000 shares of 1-800-FLOWERS.COM stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $9.32, for a total value of $27,960.00. Following the completion of the transaction, the insider now owns 72,739 shares in the company, valued at approximately $677,927.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 49.77% of the company’s stock.

1-800-FLOWERS.COM Profile

1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.