Charles Schwab Investment Management Inc. Cuts Position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Charles Schwab Investment Management Inc. reduced its holdings in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 21.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 421,540 shares of the specialty retailer’s stock after selling 112,509 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in 1-800-FLOWERS.COM were worth $3,343,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in 1-800-FLOWERS.COM by 50.3% in the 3rd quarter. Empowered Funds LLC now owns 340,637 shares of the specialty retailer’s stock valued at $2,701,000 after purchasing an additional 114,072 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of 1-800-FLOWERS.COM in the third quarter valued at about $947,000. Sei Investments Co. raised its holdings in shares of 1-800-FLOWERS.COM by 15.7% during the 2nd quarter. Sei Investments Co. now owns 686,961 shares of the specialty retailer’s stock valued at $6,540,000 after buying an additional 93,041 shares during the period. American Century Companies Inc. lifted 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 acquiring an additional 152,536 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 1-800-FLOWERS.COM by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 1,287 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FLWS. StockNews.com lowered 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 shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

1-800-FLOWERS.COM Trading Down 0.4 %

NASDAQ:FLWS opened at $7.91 on Friday. 1-800-FLOWERS.COM, Inc. has a one year low of $7.14 and a one year high of $11.42. The business’s 50-day simple moving average is $8.13 and its 200 day simple moving average is $8.69. 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 stock has a market cap of $507.98 million, a price-to-earnings ratio of -56.50, a price-to-earnings-growth ratio of 3.23 and a beta of 1.60.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.02. The company had revenue of $193.20 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted ($0.48) EPS. As a group, sell-side analysts predict that 1-800-FLOWERS.COM, Inc. will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc sold 40,000 shares of 1-800-FLOWERS.COM stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $7.80, for a total value 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. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 51.00% of the stock is owned by company insiders.

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.