Quest Partners LLC Invests $452,000 in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Quest Partners LLC purchased a new stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,010 shares of the specialty retailer’s stock, valued at approximately $452,000. Quest Partners LLC owned about 0.09% of 1-800-FLOWERS.COM as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of 1-800-FLOWERS.COM by 50.3% in the third quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock valued at $2,701,000 after acquiring an additional 114,072 shares during the last quarter. GSA Capital Partners LLP acquired a new position in 1-800-FLOWERS.COM in the third quarter worth $947,000. Rice Hall James & Associates LLC grew its holdings in shares of 1-800-FLOWERS.COM by 23.6% during the third quarter. Rice Hall James & Associates LLC now owns 218,811 shares of the specialty retailer’s stock worth $1,735,000 after purchasing an additional 41,737 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of 1-800-FLOWERS.COM by 3.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer’s stock valued at $353,000 after buying an additional 1,472 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of 1-800-FLOWERS.COM in the third quarter valued at about $41,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Fund 1 Investments, Llc sold 40,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $7.80, for a total transaction of $312,000.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FLWS. StockNews.com cut shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. DA Davidson raised their price target on shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Thursday, October 31st.

1-800-FLOWERS.COM Price Performance

1-800-FLOWERS.COM stock opened at $7.84 on Friday. The business’s 50-day simple moving average is $8.07 and its 200 day simple moving average is $8.85. The company has a quick ratio of 0.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The stock has a market cap of $503.48 million, a price-to-earnings ratio of -56.00, a P/E/G ratio of 2.99 and a beta of 1.61. 1-800-FLOWERS.COM, Inc. has a 12-month low of $7.14 and a 12-month high of $11.42.

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

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.