The most recent Form 13F filing that Gabelli Funds LLC made with the SEC revealed that during the third quarter, the company’s stake in 1-800-FLOWERS.COM, INC (NASDAQ: FLWS) was reduced by 10.0%.
The fund wound up with 108,000 shares of the specialty retailer’s stock after selling 12,000 shares throughout the period.
The most recent SEC filing that Gabelli Funds LLC has made indicates that the company owned approximately 0.17% of 1-800-FLOWERS.COM, which was valued at approximately $70,000 at the time of the filing.
In addition, several other hedge funds have decreased the number of shares of FLWS that are held within their portfolios.
Eagle Bay Advisors LLC increased the percentage of the company’s holdings in 1-800-FLOWERS.COM by 222.0% during the year’s second quarter.
Eagle Bay Advisors LLC increased its holdings in the specialty retailer’s stock during the most recent quarter by purchasing an additional 1,976 shares, bringing the total number of shares purchased to 2,866 at a value of $27,000.
This brought the total number of shares purchased to a total of 2,866.
During the third quarter, CWM LLC saw a 1,305.1% increase in the percentage of market share that it holds at 1-800-FLOWERS.COM. CWM LLC increased its holdings in the specialty retailer’s stock during the most recent quarter by purchasing an additional 4,620 shares, bringing the total number of shares acquired to 4,974, which had a value of $32,000.
This brought the total number of shares acquired to 4,974.
The percentage of ownership in 1-800-FLOWERS.COM that UBS Group AG held increased by 3,457.7% during the second quarter.
After purchasing an additional 5,176 shares during the most recent quarter, UBS Group AG now owns 5,326 shares of the specialty retailer’s stock, valued at $50,000.
These shares were acquired due to the most recent acquisition of 5,176 shares.
During the third quarter, Dakota Financial Management increased the total number of shares of stock it held in 1-800-FLOWERS.COM by a percentage equal to 17.0%.
Dakota Wealth Management now has 12,713 shares of the specialty retailer’s stock following the acquisition of 1,845 additional shares during the most recent fiscal quarter.
At this point, the value of these shares is $83,000.
In the second quarter, Point72 Hong Kong Ltd increased the percentage of ownership it held in 1-800-FLOWERS.COM by 27.4%.
This was the last and most important item to discuss.
Point72 Hong Kong Ltd now possesses 8,792 shares of the specialty retailer’s stock, which have a total value of $84,000.
During the most recent fiscal quarter, an additional 1,892 shares were purchased, allowing this goal to be achieved. Shares of the company are held collectively by hedge funds and other types of institutional investors to the extent of 37.5%.
Regarding FLWS, much investigation, and analytical work has been done.
The “sell” recommendation that StockNews.com had previously placed on shares of 1-800-FLOWERS.COM was changed to a “hold” recommendation after publishing a research report on February 3.
The “buy” rating was given to 1-800-FLOWERS.COM by Benchmark in a research report that was made available to the public on Friday, February 3, resulting in the company’s price objective being raised from $13.00 to $15.00.
Lastly, but certainly not least, DA Davidson upgraded 1-800-FLOWERS.COM from a “neutral” rating to a “buy” rating and increased their price target on the stock in a research report released on Friday, February 3.
On Friday, the first day of trading, the price of FLWS was $10.32.
The company’s market capitalization is currently sitting at $668.43 million, its price-to-earnings ratio stands at 206.44, and its beta stands at 1.64.
The moving average for the past 200 trading days for the company is $8.56, and the moving average for the last 50 trading days is $10.11.
The current $5.82 represents the 52-week low for 1-800-FLOWERS.COM, INC, whereas the current $15.49 represents the 52-week high for the company.
A ratio of 0.24 debt to equity, 0.78 quick ratios to current ratio, and 1.36 current ratio to quick ratio are all examples of financial ratios.
One of the areas of expertise offered by 1-800-FLOWERS.COM is the art of gift design. Consumer Floral and Gifts, Gourmet Floral and Gifts, and BloomNet are the three distinct business divisions that operate under the company’s umbrella.
The company’s Consumer Floral and Gifts section comprises the businesses 1-800-Flowers.com, PersonalizationMall, FruitBouquets.com, and Flowerama.
Alice’s Table is also a part of this division.
Do you wish to research various other hedge funds to determine whether or not any of them hold FLWS in their portfolios? You can obtain information regarding the most recent 13F filings and insider trades about 1-800-FLOWERS.COM, INC by going to HoldingsChannel.com (NASDAQ: FLWS).
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