Price Action Alert: Could 1-800-Flowers.Com Inc See a Reversal After Breaking Its 52-Week High?

Price Action Alert: Could 1 800 Flowers.Com Inc See a Reversal After Breaking Its 52 Week High?

The stock of 1-800-Flowers.Com Inc (NASDAQ:FLWS) hit a new 52-week high and has $13.90 target or 33.00% above today’s $10.45 share price. The 8 months bullish chart indicates low risk for the $681.24 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $13.90 price target is reached, the company will be worth $224.81M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 91,868 shares traded hands. 1-800-Flowers.Com Inc (NASDAQ:FLWS) has risen 32.12% since April 15, 2016 and is uptrending. It has outperformed by 27.50% the S&P500.

1-800-Flowers.Com Inc (NASDAQ:FLWS) Ratings Coverage

Out of 4 analysts covering 1-800-Flowers.Com (NASDAQ:FLWS), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. 1-800-Flowers.Com has been the topic of 7 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The rating was initiated by Wunderlich with “Buy” on Thursday, January 21. Wunderlich maintained 1-800-Flowers.Com Inc (NASDAQ:FLWS) on Tuesday, August 23 with “Buy” rating. On Monday, August 31 the stock rating was maintained by Noble Financial with “Hold”. The company was reinitiated on Wednesday, August 17 by Ladenburg Thalmann. B. Riley & Co maintained it with “Buy” rating and $12.50 target price in Thursday, November 3 report.

According to Zacks Investment Research, “1-800-FLOWERS.COM, Inc. is a leading e-commerce provider of floral products and gifts, in terms of number of customers and revenue. With the development of the company’s online business and a strategic acquisition, they have continuously expanded their product offerings, most recently to include gourmet foods and home and garden merchandise. As a result, the company has developed relationships with customers who purchase products not only for gifting occasions but also for everyday consumption.”

Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. Its down 0.18, from 1.48 in 2016Q1. The ratio turned negative, as 12 funds sold all 1-800-Flowers.Com Inc shares owned while 28 reduced positions. 8 funds bought stakes while 44 increased positions. They now own 21.65 million shares or 0.49% less from 21.76 million shares in 2016Q1.
Millennium Mgmt Ltd Liability Co has invested 0% of its portfolio in 1-800-Flowers.Com Inc (NASDAQ:FLWS). Moreover, Parametric Port Lc has 0% invested in 1-800-Flowers.Com Inc (NASDAQ:FLWS) for 72,134 shares. Third Avenue Mgmt Limited Liability Company accumulated 587,823 shares or 0.24% of the stock. Moreover, Globeflex Cap Lp has 0.04% invested in 1-800-Flowers.Com Inc (NASDAQ:FLWS) for 15,359 shares. The Pennsylvania-based Vanguard Group has invested 0% in 1-800-Flowers.Com Inc (NASDAQ:FLWS). Earnest Ptnrs Ltd Co accumulated 0% or 5,200 shares. Secor Capital Advsrs Ltd Partnership last reported 0.08% of its portfolio in the stock. Schwab Charles Inv holds 77,777 shares or 0% of its portfolio. Highbridge Ltd Com has 66,897 shares for 0.01% of their US portfolio. Northpointe Cap Ltd Liability last reported 479,232 shares in the company. Prudential last reported 357,155 shares in the company. Rhumbline Advisers accumulated 0% or 31,670 shares. Deere Co holds 0% or 10,145 shares in its portfolio. State Street Corporation has 494,112 shares for 0% of their US portfolio. Teton holds 0.4% of its portfolio in 1-800-Flowers.Com Inc (NASDAQ:FLWS) for 485,500 shares.

Insider Transactions: Since August 30, 2016, the stock had 0 buys, and 5 sales for $785,270 net activity. Shares for $109,120 were sold by GALLAGHER GERARD M. Another trade for 30,000 shares valued at $295,500 was made by Calcano Lawrence on Monday, November 7. $50,150 worth of 1-800-Flowers.Com Inc (NASDAQ:FLWS) shares were sold by SHEA WILLIAM E. 10,000 shares with value of $98,500 were sold by ELMORE LEONARD J on Monday, November 7.

More notable recent 1-800-Flowers.Com Inc (NASDAQ:FLWS) news were published by: Finance.Yahoo.com which released: “1-800-FLOWERS.COM, Inc. to Release Results for its Fiscal 2017 First Quarter …” on October 19, 2016, also Forbes.com with their article: “1-800 Flowers: Creating The Next Generation Gifting Powerhouse” published on October 31, 2016, Prnewswire.com published: “1-800-FLOWERS.COM Launches Beta of “GWYN”, an Artificial Intelligence Powered …” on May 03, 2016. More interesting news about 1-800-Flowers.Com Inc (NASDAQ:FLWS) were released by: Businesswire.com and their article: “1-800-FLOWERS.COM, Inc. Reports Results For Its Fiscal 2016 Fourth Quarter and …” published on August 25, 2016 as well as Businesswire.com‘s news article titled: “1-800-FLOWERS.COM President Christopher G. McCann Named CEO; Founder Jim …” with publication date: March 09, 2016.

FLWS Company Profile

1-800-FLOWERS.COM, Inc., incorporated on June 30, 1992, is a well-known provider of gourmet food and floral gifts for all occasions. The Firm offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Firm operates through three business divisions: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service. The Consumer Floral segment includes the activities of the Company’s flagship brand, 1-800-Flowers.com, FruitBouquets.com and Flowerama. The Gourmet Food and Gift Baskets segment includes the activities of Harry & David (which includes Wolferman’s, Moose Munch and Stockyards.com), Fannie May Confections Brands (which includes Harry London), Cheryl’s (which includes Mrs. Beasley’s), The Popcorn Factory, DesignPac and 1-800-Baskets. The BloomNet Wire Service segment includes the activities of BloomNet and Napco. The Company’s BloomNet international floral wire service (www.mybloomnet.net) provides a range of products and value-added services. The Company’s Celebrations suite of services include Celebrations Passport Free Shipping program, Celebrations Rewards and Celebrations RemindersSM.

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