1-800 FLOWERS.COM (NASDAQ:FLWS) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.83 and traded as high as $4.17. 1-800 FLOWERS.COM shares last traded at $4.03, with a volume of 135,604 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen raised 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Noble Financial reaffirmed an “outperform” rating on shares of 1-800 FLOWERS.COM in a research report on Friday, May 8th. Zacks Research raised shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.75.

1-800 FLOWERS.COM Trading Down 2.4%

The stock has a market cap of $258.32 million, a PE ratio of -1.91 and a beta of 1.35. The company’s fifty day moving average is $4.00 and its 200-day moving average is $3.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 0.49.

1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The firm had revenue of $293.01 million for the quarter, compared to analysts’ expectations of $292.42 million. 1-800 FLOWERS.COM had a negative net margin of 8.69% and a negative return on equity of 28.81%. On average, analysts predict that 1-800 FLOWERS.COM, Inc. will post -1.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 1-800 FLOWERS.COM

Several large investors have recently bought and sold shares of the company. Jump Financial LLC raised its stake in 1-800 FLOWERS.COM by 10.6% during the 4th quarter. Jump Financial LLC now owns 34,849 shares of the specialty retailer’s stock worth $137,000 after acquiring an additional 3,347 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of 1-800 FLOWERS.COM by 32.4% in the 4th quarter. Intech Investment Management LLC now owns 19,022 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 4,651 shares during the period. Quarry LP raised its position in 1-800 FLOWERS.COM by 538,100.0% in the 3rd quarter. Quarry LP now owns 5,382 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 5,381 shares during the last quarter. Barclays PLC boosted its stake in 1-800 FLOWERS.COM by 17.8% during the 4th quarter. Barclays PLC now owns 36,342 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 5,500 shares during the period. Finally, Bank of New York Mellon Corp grew its position in 1-800 FLOWERS.COM by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 84,968 shares of the specialty retailer’s stock worth $258,000 after purchasing an additional 5,568 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.