1-800-Flowers.com Inc. (FLWS) Insider Thomas G. Hartnett Sells 5,244 Shares of Stock
1-800-Flowers.com Inc. (NASDAQ:FLWS) insider Thomas G. Hartnett sold 5,244 shares of 1-800-Flowers.com stock in a transaction on Monday, November 28th. The stock was sold at an average price of $11.09, for a total transaction of $58,155.96. Following the transaction, the insider now directly owns 146,736 shares of the company’s stock, valued at $1,627,302.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of 1-800-Flowers.com Inc. (NASDAQ:FLWS) opened at 10.95 on Wednesday. 1-800-Flowers.com Inc. has a 12-month low of $6.11 and a 12-month high of $11.35. The company has a 50 day moving average price of $9.79 and a 200 day moving average price of $9.12. The company has a market capitalization of $714.83 million, a P/E ratio of 28.74 and a beta of 1.67.
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Several research analysts have commented on FLWS shares. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective on shares of 1-800-Flowers.com in a research note on Wednesday, August 31st. Noble Financial reaffirmed a “buy” rating and set a $12.50 price objective (up from $11.00) on shares of 1-800-Flowers.com in a research note on Monday, August 29th. Wunderlich lifted their price objective on shares of 1-800-Flowers.com from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded 1-800-Flowers.com from a “sell” rating to a “hold” rating in a research report on Monday, November 7th. Finally, Ladenburg Thalmann assumed coverage on 1-800-Flowers.com in a research report on Wednesday, August 17th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.38.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nine Chapters Capital Management LLC purchased a new position in 1-800-Flowers.com during the third quarter valued at approximately $126,000. Raymond James & Associates boosted its stake in shares of 1-800-Flowers.com by 9.2% in the second quarter. Raymond James & Associates now owns 14,300 shares of the company’s stock valued at $129,000 after buying an additional 1,200 shares during the last quarter. Jag Capital Management LLC bought a new stake in shares of 1-800-Flowers.com during the third quarter valued at about $133,000. American International Group Inc. boosted its stake in shares of 1-800-Flowers.com by 2.4% in the second quarter. American International Group Inc. now owns 14,986 shares of the company’s stock valued at $135,000 after buying an additional 347 shares during the last quarter. Finally, Globeflex Capital L P boosted its stake in shares of 1-800-Flowers.com by 30.2% in the second quarter. Globeflex Capital L P now owns 15,359 shares of the company’s stock valued at $139,000 after buying an additional 3,559 shares during the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.
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.
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