Allspring Global Investments Holdings LLC Acquires 5,173 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Allspring Global Investments Holdings LLC boosted its holdings in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 96.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 10,532 shares of the specialty retailer’s stock after purchasing an additional 5,173 shares during the period. Allspring Global Investments Holdings LLC’s holdings in 1-800-FLOWERS.COM were worth $114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLWS. Stratos Wealth Advisors LLC bought a new position in 1-800-FLOWERS.COM during the fourth quarter valued at approximately $208,000. Prosperity Wealth Management Inc. acquired a new position in 1-800-FLOWERS.COM during the fourth quarter valued at approximately $248,000. Raymond James & Associates grew its holdings in 1-800-FLOWERS.COM by 21.1% during the fourth quarter. Raymond James & Associates now owns 25,800 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 4,500 shares during the last quarter. Cornercap Investment Counsel Inc. grew its holdings in 1-800-FLOWERS.COM by 2.0% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 71,758 shares of the specialty retailer’s stock valued at $774,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in 1-800-FLOWERS.COM by 3.8% during the fourth quarter. Gabelli Funds LLC now owns 135,000 shares of the specialty retailer’s stock valued at $1,455,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. DA Davidson lowered their price target on 1-800-FLOWERS.COM from $9.50 to $9.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. StockNews.com downgraded 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

1-800-FLOWERS.COM Trading Up 2.1 %

Shares of 1-800-FLOWERS.COM stock opened at $10.43 on Friday. The company’s fifty day simple moving average is $9.54 and its 200-day simple moving average is $9.85. The company has a market cap of $669.71 million, a price-to-earnings ratio of -86.92, a PEG ratio of 1.73 and a beta of 1.68. The company has a current ratio of 1.89, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. 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 announced its quarterly earnings data on Thursday, May 2nd. The specialty retailer reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.04). The company had revenue of $379.40 million during the quarter, compared to analyst estimates of $383.73 million. 1-800-FLOWERS.COM had a positive return on equity of 3.27% and a negative net margin of 0.42%. The company’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) EPS. As a group, sell-side analysts expect that 1-800-FLOWERS.COM, Inc. will post 0.24 EPS for the current year.

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.