Panagora Asset Management Inc. decreases the stock position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Panagora Asset Management Inc. reduced its position in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS – Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,250 shares of the specialty retailer’s stock after selling 3,373 shares during the quarter. Holdings of Panagora Asset Management Inc. holdings in 1-800-FLOWERS.COM were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in 1-800-FLOWERS.COM in the 1st quarter valued at about $1,432,000. PEAK6 Investments LLC boosted its position in 1-800-FLOWERS.COM by 865.9% during the fourth quarter. PEAK6 Investments LLC now owns 144,888 shares of the specialty retailer’s stock worth $1,562,000 after acquiring an additional 129,888 shares during the period. Prosperity Consulting Group LLC purchased a new position in shares of 1-800-FLOWERS.COM in the 1st quarter worth approximately $1,105,000. Gamco Investors INC. ET AL increased its stake in 1-800-FLOWERS.COM by 4.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,098,900 shares of the specialty retailer’s stock worth $11,901,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 1-800-FLOWERS.COM by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,367,496 shares of the specialty retailer’s stock valued at $25,522,000 after buying an additional 38,529 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Separately, DA Davidson upgraded 1-800-FLOWERS.COM from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $7.00 in a research report from Friday, August 30.

Get the latest analysis at 1-800-FLOWERS.COM

1-800-FLOWERS.COM Stock Down 6.2%

Shares of NASDAQ FLWS opened at $7.53 on Wednesday. The company has a 50 day simple moving average of $9.37 and a two hundred day simple moving average of $9.59. 1-800-FLOWERS.COM, Inc. has a 52 week low of $5.97 and a 52 week high of $11.42. The company has a market cap of $483.50 million, a P/E ratio of -62.75, a P/E/G ratio of 1.57 and a beta of 1.68. The company has a quick ratio of 1.13, a current ratio of 1.89, and a debt-to-equity ratio of 0.37.

1-800-FLOWERS.COM (NASDAQ:FLWS – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.07). 1-800-FLOWERS.COM had a negative net margin of 0.33% and a positive return on equity of 2.43%. The firm had revenue of $360.90 million for the quarter, compared to analysts’ expectations of $374.40 million. During the same period in the previous year, the firm posted EPS of ($0.28). 1-800-FLOWERS.COM revenue was down 9.5% year over year. Research analysts anticipate that 1-800-FLOWERS.COM, Inc. will post 0.34 earnings per share for the current fiscal year.

About 1-800-FLOWERS.COM

(Free Report)

1-800-FLOWERS.COM, Inc offers 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 wide range of products including fresh cut flowers, floral and fruit arrangements, plants, gifts, personalized products, soaked berries, popcorn, gourmet foods and gift baskets, cakes, chocolates, candies, wines and quality fruit gift. .

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