DA Davidson reissued their underperform rating on shares of 1-800-FLOWERS.COM (NASDAQ:FLWS – Free Report) in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a $8.00 price objective on the specialty retailer’s stock.
Separately, StockNews.com lowered shares of 1-800-FLOWERS.COM from a buy rating to a hold rating in a research report on Friday, May 3rd.
Check Out Our Latest Research Report on FLWS
1-800-FLOWERS.COM Stock Performance
Hedge Funds Weigh In On 1-800-FLOWERS.COM
Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in shares of 1-800-FLOWERS.COM in the 1st quarter valued at approximately $1,432,000. PEAK6 Investments LLC raised its position in shares of 1-800-FLOWERS.COM by 865.9% in the 4th quarter. PEAK6 Investments LLC now owns 144,888 shares of the specialty retailer’s stock valued at $1,562,000 after purchasing an additional 129,888 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 1-800-FLOWERS.COM by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,625,239 shares of the specialty retailer’s stock valued at $17,601,000 after purchasing an additional 10,061 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 1-800-FLOWERS.COM by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 583,200 shares of the specialty retailer’s stock valued at $6,287,000 after purchasing an additional 8,376 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in 1-800-FLOWERS.COM by 96.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock worth $114,000 after buying an additional 5,173 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.
1-800-FLOWERS.COM Company Profile
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.
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