Time to Buy 1-800-FLOWERS.COM, Inc. (FLWS) After The Completion of This Bullish Wedge Up?

July 14, 2018 - By Dolores Ford


Investors sentiment decreased to 1.51 in 2018 Q1. Its down 0.70, from 2.21 in 2017Q4. It fall, 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.
Ny State Teachers Retirement has 2,400 shares for 0% of their portfolio. Moreover, State Street has 0% invested in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Bnp Paribas Arbitrage Sa accumulated 5,922 shares or 0% of the stock. 22,145 are owned by Hancock Holdings. Deutsche Financial Bank Ag has invested 0% in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Wellington Mgmt Grp Inc Llp stated it has 0% of its portfolio in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). 46,000 were reported by Swiss National Bank. Vanguard Inc invested in 0% or 1.21 million shares. Bluecrest Cap Mngmt owns 27,656 shares. Meeder Asset Management accumulated 0% or 1,040 shares. Raymond James & Associate has 14,200 shares. Acadian Asset Mngmt Limited Liability has invested 0.01% in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS). Aqr Capital Mngmt Lc reported 1.09M shares stake. Ameritas Prns Inc holds 0% of its portfolio in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) for 2,081 shares. Schwab Charles Inv Mgmt has 0% invested in 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) for 143,586 shares.

Since February 15, 2018, it had 0 insider buys, and 14 insider sales for $2.77 million activity. 40,000 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) shares with value of $428,828 were sold by CANNAVINO JAMES A. Another trade for 15,000 shares valued at $181,500 was sold by MCCANN CHRISTOPHER G. Shares for $322,936 were sold by SHEA WILLIAM E. Leap Arnold P also sold $23,000 worth of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) shares.

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 EPS, down 9.09 % or $0.01 from last year’s $-0.11 per share. After $-0.13 actual EPS 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. Noble Financial maintained 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) on Thursday, February 1 with “Buy” rating. The firm earned “Hold” rating on Wednesday, May 2 by Noble Financial. DA Davidson maintained the stock with “Neutral” rating in Wednesday, May 2 report. Benchmark maintained 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) rating on Wednesday, May 2. Benchmark has “Buy” rating and $1400 target.

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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