Leonard J. Elmore Sells 3,234 Shares of 1-800-Flowers.Com Inc (FLWS) Stock

1-800-Flowers.Com Inc (NASDAQ:FLWS) Director Leonard J. Elmore sold 3,234 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $12.96, for a total transaction of $41,912.64. Following the completion of the transaction, the director now owns 42,487 shares in the company, valued at approximately $550,631.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:FLWS opened at $13.30 on Friday. 1-800-Flowers.Com Inc has a twelve month low of $8.85 and a twelve month high of $15.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.48 and a current ratio of 2.19. The company has a market capitalization of $875.84 million, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 3.31 and a beta of 1.11.

1-800-Flowers.Com (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, November 1st. The specialty retailer reported ($0.27) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.03. 1-800-Flowers.Com had a net margin of 3.16% and a return on equity of 7.82%. The company had revenue of $169.50 million for the quarter, compared to the consensus estimate of $165.59 million. During the same quarter in the prior year, the company earned ($0.20) EPS. 1-800-Flowers.Com’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that 1-800-Flowers.Com Inc will post 0.41 earnings per share for the current year.

Several brokerages recently weighed in on FLWS. BidaskClub downgraded shares of 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Zacks Investment Research upgraded shares of 1-800-Flowers.Com from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Cann reiterated a “sell” rating on shares of 1-800-Flowers.Com in a report on Monday, October 15th. ValuEngine upgraded shares of 1-800-Flowers.Com from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Finally, Sidoti upgraded shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.50.

Several hedge funds and other institutional investors have recently modified their holdings of FLWS. Penserra Capital Management LLC grew its stake in shares of 1-800-Flowers.Com by 20.2% during the 3rd quarter. Penserra Capital Management LLC now owns 1,362,117 shares of the specialty retailer’s stock worth $16,072,000 after purchasing an additional 229,140 shares during the period. Millennium Management LLC acquired a new stake in shares of 1-800-Flowers.Com during the 2nd quarter worth approximately $1,966,000. BlackRock Inc. grew its stake in shares of 1-800-Flowers.Com by 6.8% during the 2nd quarter. BlackRock Inc. now owns 1,846,015 shares of the specialty retailer’s stock worth $23,168,000 after purchasing an additional 118,144 shares during the period. Northern Trust Corp grew its stake in shares of 1-800-Flowers.Com by 9.4% during the 2nd quarter. Northern Trust Corp now owns 366,945 shares of the specialty retailer’s stock worth $4,605,000 after purchasing an additional 31,595 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of 1-800-Flowers.Com by 159.1% during the 1st quarter. Russell Investments Group Ltd. now owns 37,213 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 22,853 shares during the period. 32.90% of the stock is currently owned by institutional investors and hedge funds.

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About 1-800-Flowers.Com

1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.

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