Penserra Capital Management LLC decreased its stake in 1-800-Flowers.Com Inc (NASDAQ:FLWS) by 17.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 658,306 shares of the specialty retailer’s stock after selling 139,156 shares during the quarter. Penserra Capital Management LLC’s holdings in 1-800-Flowers.Com were worth $12,000,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of 1-800-Flowers.Com by 39.3% in the 4th quarter. Legal & General Group Plc now owns 5,338 shares of the specialty retailer’s stock valued at $65,000 after purchasing an additional 1,506 shares during the period. BNP Paribas Arbitrage SA lifted its stake in 1-800-Flowers.Com by 686.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,549 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 4,843 shares in the last quarter. SG Americas Securities LLC purchased a new stake in 1-800-Flowers.Com in the 1st quarter worth about $102,000. First Mercantile Trust Co. purchased a new stake in 1-800-Flowers.Com in the 1st quarter worth about $149,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in 1-800-Flowers.Com by 395.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,978 shares of the specialty retailer’s stock worth $110,000 after acquiring an additional 7,165 shares in the last quarter. Institutional investors and hedge funds own 31.05% of the company’s stock.
In other news, CEO Christopher G. Mccann sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $18.15, for a total transaction of $453,750.00. Following the completion of the sale, the chief executive officer now directly owns 943,328 shares of the company’s stock, valued at approximately $17,121,403.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 150,000 shares of company stock valued at $2,793,000 over the last ninety days. Company insiders own 64.42% of the company’s stock.
1-800-Flowers.Com (NASDAQ:FLWS) last posted its quarterly earnings results on Tuesday, April 30th. The specialty retailer reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. 1-800-Flowers.Com had a return on equity of 10.79% and a net margin of 2.86%. The company had revenue of $248.40 million during the quarter, compared to the consensus estimate of $243.12 million. During the same period last year, the business earned ($0.15) EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that 1-800-Flowers.Com Inc will post 0.5 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on FLWS shares. TheStreet raised 1-800-Flowers.Com from a “c+” rating to a “b” rating in a research note on Friday, February 1st. Sidoti downgraded 1-800-Flowers.Com from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 6th. Noble Financial raised 1-800-Flowers.Com from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Friday, February 1st. DA Davidson raised 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $18.25 price objective for the company in a research note on Tuesday, March 19th. Finally, BidaskClub raised 1-800-Flowers.Com from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.65.
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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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