Federated Hermes Inc. Decreases Stock Position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Federated Hermes Inc. lessened its stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,266 shares of the specialty retailer’s stock after selling 3,544 shares during the period. Federated Hermes Inc.’s holdings in 1-800-FLOWERS.COM were worth $229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its holdings in 1-800-FLOWERS.COM by 5.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,010,000 shares of the specialty retailer’s stock valued at $7,070,000 after buying an additional 53,000 shares during the period. North Star Investment Management Corp. increased its stake in 1-800-FLOWERS.COM by 78.2% in the fourth quarter. North Star Investment Management Corp. now owns 300,650 shares of the specialty retailer’s stock worth $3,241,000 after purchasing an additional 131,900 shares during the period. Panagora Asset Management Inc. increased its stake in 1-800-FLOWERS.COM by 184.9% in the third quarter. Panagora Asset Management Inc. now owns 48,510 shares of the specialty retailer’s stock worth $340,000 after purchasing an additional 31,480 shares during the period. Pale Fire Capital SE purchased a new stake in 1-800-FLOWERS.COM in the third quarter worth $352,000. Finally, Raymond James & Associates increased its stake in 1-800-FLOWERS.COM by 21.1% in the fourth quarter. Raymond James & Associates now owns 25,800 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Activity 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 sale, the insider now directly owns 72,739 shares in the company, valued at $677,927.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 49.77% of the stock is currently owned by corporate insiders.

1-800-FLOWERS.COM Stock Performance

FLWS stock opened at $8.90 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 1.12. The business has a 50-day moving average price of $9.80 and a 200 day moving average price of $9.59. The company has a market capitalization of $574.05 million, a P/E ratio of -74.17, a PEG ratio of 2.12 and a beta of 1.67. 1-800-FLOWERS.COM, Inc. has a 1-year low of $5.97 and a 1-year high of $11.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, May 2nd. The specialty retailer reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.04). The firm had revenue of $379.40 million during the quarter, compared to the consensus estimate of $383.73 million. 1-800-FLOWERS.COM had a negative net margin of 0.42% and a positive return on equity of 3.29%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. As a group, equities research analysts forecast that 1-800-FLOWERS.COM, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FLWS shares. DA Davidson reduced their target price on 1-800-FLOWERS.COM from $9.50 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com lowered 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Friday.

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.