1-800 FLOWERS.COM (NASDAQ:FLWS) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.85 and traded as high as $4.12. 1-800 FLOWERS.COM shares last traded at $3.93, with a volume of 140,567 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLWS. Zacks Research upgraded 1-800 FLOWERS.COM from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings restated a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 24th. Wall Street Zen raised shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Noble Financial reiterated an “outperform” rating on shares of 1-800 FLOWERS.COM in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, 1-800 FLOWERS.COM has a consensus rating of “Hold” and an average target price of $3.75.

1-800 FLOWERS.COM Stock Up 1.6%

The stock has a market cap of $249.98 million, a PE ratio of -1.85 and a beta of 1.36. The business has a fifty day moving average of $4.03 and a 200-day moving average of $3.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 0.49.

1-800 FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.75) by ($0.02). 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%.The firm had revenue of $293.01 million for the quarter, compared to analysts’ expectations of $292.42 million. Equities research analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -1.18 earnings per share for the current year.

Institutional Trading of 1-800 FLOWERS.COM

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nantahala Capital Management LLC purchased a new stake in 1-800 FLOWERS.COM in the second quarter worth about $9,840,000. Goldman Sachs Group Inc. increased its position in 1-800 FLOWERS.COM by 337.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,209,640 shares of the specialty retailer’s stock valued at $4,754,000 after purchasing an additional 933,063 shares during the period. Newtyn Management LLC increased its position in 1-800 FLOWERS.COM by 56.3% during the 3rd quarter. Newtyn Management LLC now owns 2,516,466 shares of the specialty retailer’s stock valued at $11,576,000 after purchasing an additional 906,911 shares during the period. Cibc World Markets Corp bought a new stake in shares of 1-800 FLOWERS.COM in the 4th quarter valued at about $1,775,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of 1-800 FLOWERS.COM by 72.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,021,000 shares of the specialty retailer’s stock valued at $4,013,000 after purchasing an additional 427,900 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.