Aperio Group LLC increased its stake in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,729 shares of the specialty retailer’s stock after acquiring an additional 17 shares during the period. Aperio Group LLC’s holdings in 1-800 FLOWERS.COM were worth $124,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in 1-800 FLOWERS.COM by 67.1% in the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 3,929 shares during the last quarter. Alambic Investment Management L.P. bought a new position in shares of 1-800 FLOWERS.COM during the first quarter valued at about $104,000. Nine Chapters Capital Management LLC raised its stake in shares of 1-800 FLOWERS.COM by 9.6% during the first quarter. Nine Chapters Capital Management LLC now owns 12,600 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 1,100 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of 1-800 FLOWERS.COM during the first quarter valued at about $130,000. Finally, American International Group Inc. raised its stake in shares of 1-800 FLOWERS.COM by 7.1% during the first quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 1,066 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.
1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) opened at 9.75 on Friday. 1-800 FLOWERS.COM, Inc. has a 12 month low of $7.80 and a 12 month high of $11.40. The company has a market cap of $636.23 million, a P/E ratio of 15.00 and a beta of 1.60. The company’s 50-day moving average is $9.14 and its 200-day moving average is $9.81.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $245.38 million. 1-800 FLOWERS.COM had a return on equity of 10.76% and a net margin of 3.69%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. On average, equities research analysts expect that 1-800 FLOWERS.COM, Inc. will post $0.47 EPS for the current fiscal year.
1-800 FLOWERS.COM declared that its board has authorized a share repurchase plan on Wednesday, September 6th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of research firms recently issued reports on FLWS. Benchmark Co. restated a “buy” rating and issued a $13.00 price objective on shares of 1-800 FLOWERS.COM in a report on Wednesday, August 23rd. DA Davidson assumed coverage on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 14th. They set a “neutral” rating and a $11.00 price target on the stock. Noble Financial reiterated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. FBR & Co assumed coverage on shares of 1-800 FLOWERS.COM in a report on Tuesday, July 11th. They set an “outperform” rating and a $13.00 price target on the stock. Finally, BidaskClub cut shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.14.
1-800 FLOWERS.COM Profile
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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