Geode Capital Management LLC Sells 13,216 Shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Geode Capital Management LLC lessened its position in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 2.1% in the third quarter, Holdings Channel.com reports. The firm owned 620,660 shares of the specialty retailer’s stock after selling 13,216 shares during the period. Geode Capital Management LLC’s holdings in 1-800-FLOWERS.COM were worth $4,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLWS. Barclays PLC boosted its position in shares of 1-800-FLOWERS.COM by 24.3% during the third quarter. Barclays PLC now owns 97,904 shares of the specialty retailer’s stock worth $778,000 after buying an additional 19,150 shares during the period. Jane Street Group LLC lifted its stake in 1-800-FLOWERS.COM by 66.1% in the 3rd quarter. Jane Street Group LLC now owns 56,440 shares of the specialty retailer’s stock valued at $448,000 after acquiring an additional 22,460 shares in the last quarter. State Street Corp boosted its position in 1-800-FLOWERS.COM by 0.5% during the 3rd quarter. State Street Corp now owns 599,570 shares of the specialty retailer’s stock worth $4,755,000 after acquiring an additional 2,886 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter worth approximately $484,000. Finally, Paloma Partners Management Co bought a new stake in shares of 1-800-FLOWERS.COM in the third quarter worth $121,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson lifted their target price on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In other 1-800-FLOWERS.COM news, major shareholder Fund 1 Investments, Llc sold 40,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $7.80, for a total transaction of $312,000.00. Following the completion of the sale, the insider now owns 3,674,364 shares of the company’s stock, valued at $28,660,039.20. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 51.00% of the stock is currently owned by corporate insiders.

1-800-FLOWERS.COM Price Performance

NASDAQ:FLWS opened at $7.85 on Friday. The stock has a market capitalization of $504.13 million, a PE ratio of -56.07, a P/E/G ratio of 3.23 and a beta of 1.58. 1-800-FLOWERS.COM, Inc. has a 1-year low of $7.07 and a 1-year high of $11.42. The firm has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $8.49. The company has a current ratio of 1.44, a quick ratio of 0.41 and a debt-to-equity ratio of 0.40.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.02. The firm had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $246.88 million. 1-800-FLOWERS.COM had a negative net margin of 0.50% and a positive return on equity of 2.10%. The company’s revenue for the quarter was down 28.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.48) earnings per share. On average, research analysts expect that 1-800-FLOWERS.COM, Inc. will post 0.17 EPS for the current fiscal year.

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.