North Star Investment Management Corp. increased its position in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) by 63.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,730 shares of the specialty retailer’s stock after buying an additional 80,325 shares during the period. North Star Investment Management Corp. owned approximately 0.32% of 1-800 FLOWERS.COM worth $2,025,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in 1-800 FLOWERS.COM by 67.1% in the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock worth $100,000 after buying an additional 3,929 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in 1-800 FLOWERS.COM during the first quarter worth $104,000. Nine Chapters Capital Management LLC raised its stake in 1-800 FLOWERS.COM by 9.6% in the first quarter. Nine Chapters Capital Management LLC now owns 12,600 shares of the specialty retailer’s stock worth $129,000 after buying an additional 1,100 shares in the last quarter. Karp Capital Management Corp bought a new stake in 1-800 FLOWERS.COM during the first quarter worth $130,000. Finally, Russell Investments Group Ltd. acquired a new position in 1-800 FLOWERS.COM during the fourth quarter valued at approximately $154,000. 33.52% of the stock is currently owned by institutional investors and hedge funds.
1-800 FLOWERS.COM, Inc. (NASDAQ FLWS) traded down 2.21% during trading on Friday, reaching $8.85. 103,615 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $9.58 and a 200 day moving average price of $9.95. The stock has a market capitalization of $578.21 million, a P/E ratio of 23.73 and a beta of 1.58. 1-800 FLOWERS.COM, Inc. has a 1-year low of $8.06 and a 1-year high of $11.40.
FLWS has been the topic of several recent analyst reports. Zacks Investment Research raised 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub lowered 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Thursday. FBR & Co initiated coverage on 1-800 FLOWERS.COM in a report on Tuesday, July 11th. They issued an “outperform” rating and a $13.00 target price on the stock. Northcoast Research reissued a “buy” rating and issued a $14.00 target price (up previously from $12.00) on shares of 1-800 FLOWERS.COM in a report on Wednesday, May 3rd. Finally, DA Davidson initiated coverage on 1-800 FLOWERS.COM in a report on Wednesday, June 14th. They issued a “neutral” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.69.
1-800 FLOWERS.COM Company Profile
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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