California Public Employees Retirement System continued to hold its stake in 1-800-Flowers.com Inc. (NASDAQ:FLWS) during the second quarter, according to its most recent filing with the SEC. The fund owned 114,990 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.18% of 1-800-Flowers.com worth $1,037,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in FLWS. Northpointe Capital LLC raised its stake in 1-800-Flowers.com by 19.8% in the second quarter. Northpointe Capital LLC now owns 479,232 shares of the company’s stock valued at $4,323,000 after buying an additional 79,353 shares during the period. Bank of Montreal Can purchased a new stake in 1-800-Flowers.com during the second quarter valued at about $186,000. Eagle Boston Investment Management Inc. raised its stake in 1-800-Flowers.com by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 1,316,038 shares of the company’s stock valued at $11,870,000 after buying an additional 34,796 shares during the period. Foundry Partners LLC raised its stake in 1-800-Flowers.com by 197.8% in the second quarter. Foundry Partners LLC now owns 337,150 shares of the company’s stock valued at $3,041,000 after buying an additional 223,935 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in 1-800-Flowers.com during the second quarter valued at about $886,000. Hedge funds and other institutional investors own 34.34% of the company’s stock.
Shares of 1-800-Flowers.com Inc. (NASDAQ:FLWS) traded down 0.77% on Monday, hitting $9.00. 15,718 shares of the stock were exchanged. 1-800-Flowers.com Inc. has a 52-week low of $6.11 and a 52-week high of $10.88. The company’s 50 day moving average is $9.21 and its 200-day moving average is $8.62. The stock has a market cap of $585.10 million, a PE ratio of 16.36 and a beta of 1.76.
1-800-Flowers.com (NASDAQ:FLWS) last announced its earnings results on Thursday, August 25th. The company reported ($0.14) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). The company earned $234.40 million during the quarter, compared to analyst estimates of $228.18 million. 1-800-Flowers.com had a net margin of 3.14% and a return on equity of 12.33%. 1-800-Flowers.com’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) earnings per share. Analysts predict that 1-800-Flowers.com Inc. will post $0.47 EPS for the current fiscal year.
A number of brokerages recently weighed in on FLWS. Zacks Investment Research upgraded shares of 1-800-Flowers.com from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. B. Riley reiterated a “buy” rating and set a $11.00 price objective on shares of 1-800-Flowers.com in a report on Monday, September 5th. Wunderlich decreased their price objective on shares of 1-800-Flowers.com from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, August 23rd. Noble Financial reiterated a “buy” rating and set a $12.50 price objective (up previously from $11.00) on shares of 1-800-Flowers.com in a report on Monday, August 29th. Finally, Ladenburg Thalmann started coverage on shares of 1-800-Flowers.com in a report on Wednesday, August 17th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $11.63.
In other news, General Counsel Gerard M. Gallagher sold 25,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $9.28, for a total transaction of $232,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 53.90% of the company’s stock.
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.