Levin Capital Strategies L.P. Takes Position in 1-800 FLOWERS.COM, Inc. $FLWS

Levin Capital Strategies L.P. acquired a new position in shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the specialty retailer’s stock, valued at approximately $123,000.

A number of other hedge funds have also bought and sold shares of the company. AlphaQuest LLC bought a new stake in 1-800 FLOWERS.COM during the first quarter valued at $25,000. Quarry LP acquired a new position in shares of 1-800 FLOWERS.COM in the 1st quarter valued at about $39,000. Yousif Capital Management LLC bought a new stake in shares of 1-800 FLOWERS.COM during the 2nd quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 1-800 FLOWERS.COM by 123.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,671 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 7,561 shares during the period. Finally, Entropy Technologies LP acquired a new stake in 1-800 FLOWERS.COM during the first quarter worth approximately $84,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FLWS shares. Zacks Research cut 1-800 FLOWERS.COM from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $7.50.

1-800 FLOWERS.COM Stock Performance

NASDAQ FLWS opened at $3.54 on Tuesday. The company has a market cap of $225.21 million, a P/E ratio of -1.12 and a beta of 1.30. The company has a fifty day simple moving average of $4.79 and a 200 day simple moving average of $5.16. The company has a current ratio of 1.28, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. 1-800 FLOWERS.COM, Inc. has a 12-month low of $3.08 and a 12-month high of $9.24.

1-800 FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, October 30th. The specialty retailer reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.24). The business had revenue of $215.20 million for the quarter, compared to analyst estimates of $218.32 million. 1-800 FLOWERS.COM had a negative return on equity of 13.87% and a negative net margin of 11.86%. Sell-side analysts predict that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc sold 4,167,813 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $5.94, for a total value of $24,756,809.22. Following the transaction, the insider owned 5,359,437 shares of the company’s stock, valued at approximately $31,835,055.78. This trade represents a 43.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 52.16% of the company’s stock.

1-800 FLOWERS.COM Company 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.