Hennion & Walsh Asset Management Inc. Has $111,000 Holdings in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)

Hennion & Walsh Asset Management Inc. cut its stake in shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) by 57.2% in the first quarter, Holdings Channel reports. The firm owned 18,741 shares of the specialty retailer’s stock after selling 25,084 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in 1-800-FLOWERS.COM were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FLWS. Jones Financial Companies Lllp grew its stake in shares of 1-800-FLOWERS.COM by 120.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,664 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 1,999 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of 1-800-FLOWERS.COM during the fourth quarter worth $37,000. Quantbot Technologies LP acquired a new stake in shares of 1-800-FLOWERS.COM during the fourth quarter worth $84,000. XTX Topco Ltd acquired a new stake in shares of 1-800-FLOWERS.COM during the fourth quarter worth $92,000. Finally, Inceptionr LLC acquired a new stake in shares of 1-800-FLOWERS.COM during the fourth quarter worth $101,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at 1-800-FLOWERS.COM

In other news, insider Jonathan J. Feldman sold 6,864 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $4.80, for a total transaction of $32,947.20. Following the completion of the transaction, the insider now directly owns 56,805 shares of the company’s stock, valued at $272,664. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund 1 Investments, Llc acquired 5,000 shares of 1-800-FLOWERS.COM stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average cost of $6.01 per share, with a total value of $30,050.00. Following the completion of the transaction, the insider now directly owns 8,160,969 shares of the company’s stock, valued at $49,047,423.69. This trade represents a 0.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 920,250 shares of company stock valued at $4,788,842. Company insiders own 51.00% of the company’s stock.

1-800-FLOWERS.COM Stock Up 2.8%

NASDAQ:FLWS opened at $5.15 on Tuesday. 1-800-FLOWERS.COM, Inc. has a 1 year low of $3.86 and a 1 year high of $11.10. The company has a current ratio of 1.51, a quick ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $327.35 million, a price-to-earnings ratio of -46.82 and a beta of 1.49. The stock has a 50-day moving average price of $5.17 and a two-hundred day moving average price of $6.69.

1-800-FLOWERS.COM (NASDAQ:FLWS) last posted its earnings results on Thursday, May 8th. The specialty retailer reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.37). 1-800-FLOWERS.COM had a negative net margin of 0.43% and a negative return on equity of 0.76%. The business had revenue of $331.45 million during the quarter, compared to analyst estimates of $367.85 million. During the same period in the previous year, the firm posted ($0.28) earnings per share. The firm’s revenue was down 23.1% on a year-over-year basis. As a group, equities analysts expect that 1-800-FLOWERS.COM, Inc. will post -0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FLWS. Wall Street Zen cut 1-800-FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of 1-800-FLOWERS.COM in a research note on Saturday, May 24th. Noble Financial cut 1-800-FLOWERS.COM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, DA Davidson reissued a “neutral” rating and issued a $7.50 target price on shares of 1-800-FLOWERS.COM in a research note on Friday, March 14th.

1-800-FLOWERS.COM 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.