1-800-Flowers.Com Inc (FLWS) CEO Sells $450,000.00 in Stock

1-800-Flowers.Com Inc (NASDAQ:FLWS) CEO Christopher G. Mccann sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $18.00, for a total transaction of $450,000.00. Following the transaction, the chief executive officer now directly owns 943,328 shares in the company, valued at approximately $16,979,904. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NASDAQ FLWS traded up $0.63 during trading hours on Friday, reaching $18.46. The company had a trading volume of 491,521 shares, compared to its average volume of 384,703. 1-800-Flowers.Com Inc has a 1-year low of $10.01 and a 1-year high of $21.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 1.75. The stock has a market capitalization of $1.19 billion, a P/E ratio of 41.95, a PEG ratio of 3.65 and a beta of 1.35.

1-800-Flowers.Com (NASDAQ:FLWS) last posted its earnings results on Tuesday, April 30th. The specialty retailer reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.05. 1-800-Flowers.Com had a net margin of 2.86% and a return on equity of 10.79%. The company had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $243.12 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. 1-800-Flowers.Com’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that 1-800-Flowers.Com Inc will post 0.5 EPS for the current year.

FLWS has been the topic of a number of recent analyst reports. Sidoti raised shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday. BidaskClub cut shares of 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of 1-800-Flowers.Com from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Thursday, May 2nd. Craig Hallum upped their target price on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Benchmark upped their target price on shares of 1-800-Flowers.Com from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.71.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Premia Global Advisors LLC acquired a new position in 1-800-Flowers.Com in the first quarter valued at about $32,000. Legal & General Group Plc increased its stake in 1-800-Flowers.Com by 39.3% during the fourth quarter. Legal & General Group Plc now owns 5,338 shares of the specialty retailer’s stock worth $65,000 after purchasing an additional 1,506 shares during the period. BNP Paribas Arbitrage SA increased its stake in 1-800-Flowers.Com by 686.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,549 shares of the specialty retailer’s stock worth $101,000 after purchasing an additional 4,843 shares during the period. SG Americas Securities LLC purchased a new stake in 1-800-Flowers.Com during the first quarter worth about $102,000. Finally, First Mercantile Trust Co. purchased a new stake in 1-800-Flowers.Com during the first quarter worth about $149,000. 33.41% of the stock is currently owned by institutional investors.

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About 1-800-Flowers.Com

1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.

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Insider Buying and Selling by Quarter for 1-800-Flowers.Com (NASDAQ:FLWS)

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