Traders Are Bullish 1-800-FLOWERS.COM, Inc. (FLWS) After The Stock Formed Bullish Wedge Up

July 14, 2018 - By Michael Garrison

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Logo

Investors sentiment decreased to 1.51 in Q1 2018. Its down 0.70, from 2.21 in 2017Q4. It worsened, as 12 investors sold 1-800-FLOWERS.COM, Inc. shares while 27 reduced holdings. 21 funds opened positions while 38 raised stakes. 21.33 million shares or 4.26% more from 20.46 million shares in 2017Q4 were reported.
22,408 are owned by Aperio Grp Ltd Co. Cap Mngmt Corporation Va, a Virginia-based fund reported 188,140 shares. Metropolitan Life Ny invested 0% of its portfolio in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Connor Clark And Lunn Mngmt Limited holds 0.02% of its portfolio in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) for 244,002 shares. Lpl Fincl Ltd reported 0% stake. Eagle Boston Investment Mngmt, Massachusetts-based fund reported 1.33M shares. Bbva Compass Bank holds 0.05% or 68,153 shares. North Star Invest Mgmt Corporation reported 0.34% in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Ubs Asset Mngmt Americas invested in 0% or 17,600 shares. Moreover, First Quadrant L P Ca has 0.01% invested in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) for 37,268 shares. Gm Advisory Gru owns 0.13% invested in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) for 36,000 shares. Florida-based Raymond James & Assoc has invested 0% in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). California State Teachers Retirement Systems, a California-based fund reported 40,574 shares. Illinois-based Northern has invested 0% in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Blackrock Incorporated holds 0% or 1.73 million shares.

Since February 15, 2018, it had 0 buys, and 14 selling transactions for $2.77 million activity. $188,400 worth of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) was sold by MCCANN CHRISTOPHER G. 40,000 shares valued at $428,828 were sold by CANNAVINO JAMES A on Thursday, February 15. $335,871 worth of stock was sold by GALLAGHER GERARD M on Wednesday, June 13. 25,000 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) shares with value of $322,936 were sold by SHEA WILLIAM E.

The stock of 1-800-FLOWERS.COM, Inc. (FLWS) formed an up wedge with $13.49 target or 3.00 % above today’s $13.10 share price. The 7 months wedge indicates low risk for the $846.31M company. If the $13.49 price target is reached, the company will be worth $25.39M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.77% or $0.1 during the last trading session, reaching $13.1. About 80,930 shares traded. 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) has risen 26.57% since July 14, 2017 and is uptrending. It has outperformed by 14.00% the S&P500.

Analysts await 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) to report earnings on August, 23. They expect $-0.12 earnings per share, down 9.09 % or $0.01 from last year’s $-0.11 per share. After $-0.13 actual earnings per share reported by 1-800-FLOWERS.COM, Inc. for the previous quarter, Wall Street now forecasts -7.69 % EPS growth.

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Ratings Coverage

Among 3 analysts covering 1-800 Flowers.com (NASDAQ:FLWS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. 1-800 Flowers.com had 4 analyst reports since February 1, 2018 according to SRatingsIntel. The stock of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) earned “Buy” rating by Benchmark on Wednesday, May 2. On Thursday, February 1 the stock rating was maintained by Noble Financial with “Buy”. As per Wednesday, May 2, the company rating was maintained by DA Davidson. The firm has “Hold” rating given on Wednesday, May 2 by Noble Financial.

Another recent and important 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) news was published by Seekingalpha.com which published an article titled: “1-800-Flowers.com Looks Overpriced After A Weak Year” on June 19, 2018.

1-800-Flowers.com, Inc., together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. The company has market cap of $846.31 million. It operates in three divisions: Consumer Floral; Gourmet Food and Gift Baskets; and BloomNet Wire Service. It has a 15.43 P/E ratio. The firm 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, and plush stuffed animals.

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Institutional Positions Chart

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