On June 12, 2023, &GSA Capital Partners LLP made a significant investment move by acquiring 28,283 shares in the specialty retailer, 1-800-FLOWERS.COM Inc. (NASDAQ:FLWS). According to their most recent Form 13F filing with the Securities and Exchange Commission, this acquisition is valued at approximately $270,000. This news has gathered widespread attention from financial experts and investors alike.
The move by &GSA Capital Partners LLP reflects the growing trend of institutional investors seeking to diversify their portfolios through strategic investments in emerging markets. By investing in 1-800-FLOWERS.COM Inc., &GSA Capital Partners LLP has signaled its confidence in the company’s business model and growth prospects.
1-800-FLOWERS.COM stock traded down $0.23 during midday trading on Monday, reaching $7.98. This is compared to its average volume of 620,707 shares over the past year. Despite a dip in price recently, the company’s fifty-day simple moving average remains strong at $9.57 with a two-hundred-day simple moving average of $9.74.
The company has had a twelve-month low of $5.82 and reached a twelve-month high of $13.29; however, these fluctuations have not deterred major investors from acquiring stocks in this promising venture.
With a current ratio of 1.56 and a debt-to-equity ratio of 0.26, 1-800-FLOWERS.COM Inc has proven itself to be an attractive prospect for institutional investors looking for secure yet profitable opportunities.
This news comes as no surprise since HoldingsChannel.com reported that other hedge funds also increased their holdings in 1-800-FLOWERS.COM Inc earlier this year.
The fact that so many businesses have chosen to invest heavily in this rising entrepreneurial enterprise demonstrates both industry experts’ opinion regarding its future potential and the essential role of companies like &GSA Capital Partners LLP in driving long-term, sustainable growth.
1-800-FLOWERS.COM has been a leading company in the gift basket and floral delivery industry. They have expanded into various markets with brands such as Fannie May chocolates, Harry London chocolates, and The Popcorn Factory. With their continuous growth, there is no doubt that they are a promising investment option for investors who want to capitalize on the ever-expanding Hallmark holiday market.
In conclusion, &GSA Capital Partners LLP’s acquisition of shares in 1-800-FLOWERS.COM Inc (NASDAQ:FLWS) marks a significant endorsement for this flourishing business with a future full of opportunity and growth. This worth investing in business is slowly shaping up into a kingpin in the flowering industry, undoubtedly unleashing enormous benefits upon potential investors.
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Institutional Investors and Hedge Funds Increase Positions in 1-800-FLOWERS.COM Despite Mixed Ratings
Institutional investors and hedge funds have recently taken note of 1-800-FLOWERS.COM (NASDAQ:FLWS), with several boosting their positions in the company. Eagle Bay Advisors LLC added 1,976 shares in Q2, lifting its position by 222%, while UBS Group AG increased its stake by 3,450.7% to 5,326 shares. Zurcher Kantonalbank Zurich Cantonalbank boosted its position by 83% and Dakota Wealth Management increased its holding by 17%. Point72 Hong Kong Ltd added a further 1,892 shares. Overall, 37.55% of the stock is owned by hedge funds or other institutional investors.
Despite this trend towards investment in FLWS shares, TheStreet downgraded it from a “c-” to a “d” rating back in May and two analysts have given it a hold rating. However, Craig Hallum raised its outlook for FLWS from hold to buy and increased its price objective to $15 back in March. Bloomberg.com gave the stock an average rating of “Moderate Buy,” with an average target price of $13.50.
FLWS is expert at designing gifts and operates via three main business segments: Consumer Floral and Gifts; Gourmet Floral and Gifts; and BloomNet. Among its many brands are PersonalizationMall.com, FruitBouquets.com, Flowerama, and Alice’s Table.
The data contained within the latest available filings regarding company earnings show that for Q1/2017-2018 financial year, which ended on May 31st last year with year-end results being announced on July 20th last year; the firm posted negative net margin (-2.11%) with EPS coming out below expected target ($0.27). However The value ($417m) of total quarterly revenue represents quite robust result for other similar industry players too as per beliefs of rating agencies.
Looking ahead, following a strong Q1, sell-side analysts are forecasting positive news from FLWS. It is expected to post earnings of $0.17 per share for the current year-end results. Investors will be keen to see how FLWS performs in context with ongoing profit-loss figures, EPS and EBDITA margins relative to its rivals, 1800 Contacts and ProFlowers.