1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Short Interest Down 9.1% in March

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,690,000 shares, a decrease of 9.1% from the February 29th total of 2,960,000 shares. Currently, 9.6% of the company’s stock are sold short. Based on an average daily trading volume, of 416,900 shares, the short-interest ratio is presently 6.5 days.

Insider Buying and Selling

In related news, insider Arnold P. Leap sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $9.32, for a total value of $27,960.00. Following the sale, the insider now owns 72,739 shares in the company, valued at approximately $677,927.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 49.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

A number of institutional investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC increased its stake in 1-800-FLOWERS.COM by 222.0% in the 2nd quarter. Eagle Bay Advisors LLC now owns 2,866 shares of the specialty retailer’s stock worth $27,000 after buying an additional 1,976 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of 1-800-FLOWERS.COM by 317.4% during the first quarter. Tower Research Capital LLC TRC now owns 3,886 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 2,955 shares in the last quarter. UBS Group AG grew its position in shares of 1-800-FLOWERS.COM by 3,450.7% during the second quarter. UBS Group AG now owns 5,326 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 5,176 shares in the last quarter. Dark Forest Capital Management LP grew its position in shares of 1-800-FLOWERS.COM by 17,842.3% during the first quarter. Dark Forest Capital Management LP now owns 4,665 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 4,639 shares in the last quarter. Finally, Quarry LP grew its position in shares of 1-800-FLOWERS.COM by 264.1% during the second quarter. Quarry LP now owns 7,261 shares of the specialty retailer’s stock valued at $57,000 after purchasing an additional 5,267 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

1-800-FLOWERS.COM Stock Performance

Shares of NASDAQ FLWS traded down $0.47 during midday trading on Tuesday, hitting $10.07. 231,164 shares of the stock traded hands, compared to its average volume of 418,793. The firm has a 50-day moving average of $10.28 and a two-hundred day moving average of $9.23. The firm has a market capitalization of $649.52 million, a P/E ratio of -10.49, a PEG ratio of 2.58 and a beta of 1.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.59. 1-800-FLOWERS.COM has a one year low of $5.97 and a one year high of $12.09.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. 1-800-FLOWERS.COM had a positive return on equity of 3.32% and a negative net margin of 3.24%. The company had revenue of $822.10 million for the quarter, compared to analysts’ expectations of $825.20 million. During the same period last year, the firm earned $1.28 EPS. 1-800-FLOWERS.COM’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities analysts forecast that 1-800-FLOWERS.COM will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 1-800-FLOWERS.COM from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

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.