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

Allspring Global Investments Holdings LLC increased its stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS – Free Report) by 96.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,532 shares of the specialty retailer after acquiring an additional 5,173 shares during the quarter. Allspring Global Investments Holdings LLC’s stake in 1-800-FLOWERS.COM was worth $114,000, according to its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company recently. Stratos Wealth Advisors LLC purchased a new position in shares of 1-800-FLOWERS.COM during the fourth quarter worth approximately $208,000. Prosperity Wealth Management Inc. purchased a new position in shares of 1-800-FLOWERS.COM during the fourth quarter worth approximately $248,000. Raymond James & Associates increased its position in shares of 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 worth $278,000 after acquiring an additional 4,500 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of 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 worth $774,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of 1-800-FLOWERS.COM by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 135,000 shares of the specialty retailer’s stock worth $1,455,000 after acquiring an additional 5,000 shares in the last quarter. 38.43% of the stock is currently held by institutional investors.

1-800-FLOWERS.COM is trading 1.5% lower

NASDAQ FLWS opened at $9.55 on Monday. The company has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $9.82. 1-800-FLOWERS.COM, Inc. has a one-year low of $5.97 and a one-year high of $11.42. The stock has a market cap of $613.21 million, a price/earnings ratio of -79.58, a price/earnings/growth ratio of 1.74 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.13.

1-800-FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last released its earnings results on Thursday, May 02. The specialty retailer reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.04). 1-800-FLOWERS.COM had a positive return on equity of 3.27% and a negative net margin of 0.42%. The company had revenue of $379.40 million for the quarter, compared to analyst estimates of $383.73 million. During the same period in the prior year, the company earned ($0.27) EPS. The company’s revenue for the quarter was down 9.1% year over year. Research analysts expect 1-800-FLOWERS.COM, Inc. to post 0.24 EPS for the current year.

Wall Street analysts weigh in

FLWS has been the subject of several recent analyst reports. StockNews.com downgraded 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Friday, May 3. DA Davidson downgraded 1-800-FLOWERS.COM from a “hold” rating to a “strong sell” rating in a research note on Thursday.

View our latest analysis at 1-800-FLOWERS.COM

1-800-FLOWERS.COM Company Profile

(Free Report)

1-800-FLOWERS.COM, Inc. offers gifts for a variety of occasions in the United States and internationally. The Company operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The Company offers a variety of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorn, gourmet foods and gift baskets, cookies, chocolates, candy, wines, and gift-quality fruits.

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