Short Interest in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Rises By 8.6%

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,170,000 shares, an increase of 8.6% from the October 15th total of 3,840,000 shares. Approximately 15.3% of the company’s stock are sold short. Based on an average trading volume of 296,200 shares, the days-to-cover ratio is currently 14.1 days.

1-800-FLOWERS.COM Trading Down 3.5 %

Shares of 1-800-FLOWERS.COM stock opened at $7.53 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.41 and a current ratio of 1.44. The company has a market capitalization of $483.58 million, a P/E ratio of -53.79, a PEG ratio of 3.06 and a beta of 1.61. 1-800-FLOWERS.COM has a 1 year low of $7.14 and a 1 year high of $11.42. The company’s fifty day moving average is $8.06 and its two-hundred day moving average is $8.89.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.02. The firm had revenue of $193.20 million for the quarter, compared to analyst estimates of $246.88 million. 1-800-FLOWERS.COM had a positive return on equity of 2.10% and a negative net margin of 0.50%. The business’s revenue was down 28.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.48) earnings per share. Analysts forecast that 1-800-FLOWERS.COM will post 0.17 earnings per share for the current year.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $7.80, for a total transaction of $312,000.00. Following the completion of the sale, the insider now owns 3,674,364 shares in the company, valued at approximately $28,660,039.20. The trade was a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in 1-800-FLOWERS.COM by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,625,239 shares of the specialty retailer’s stock worth $17,601,000 after buying an additional 10,061 shares during the last quarter. Sei Investments Co. lifted its position in 1-800-FLOWERS.COM by 15.7% in the second quarter. Sei Investments Co. now owns 686,961 shares of the specialty retailer’s stock valued at $6,540,000 after purchasing an additional 93,041 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 1-800-FLOWERS.COM by 96.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 5,173 shares in the last quarter. American Century Companies Inc. increased its position in 1-800-FLOWERS.COM by 37.7% during the 2nd quarter. American Century Companies Inc. now owns 557,420 shares of the specialty retailer’s stock worth $5,307,000 after purchasing an additional 152,536 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth approximately $947,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FLWS shares. StockNews.com downgraded shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson lifted their price target on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, October 31st.

About 1-800-FLOWERS.COM

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.