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In recent transactions, significant shareholders of 1 800 FLOWERS COM INC (NASDAQ:FLWS) have been active in acquiring shares of the company, even as the stock has declined 12% in the past week and 25% over the last year. According to a recent SEC filing, Pleasant Lake Partners LLC, PLP Funds Master Fund LP, and Fund 1 Investments, LLC collectively purchased a total of 222,500 shares over three days, amounting to approximately $1.66 million. According to InvestingPro analysis, the stock is currently trading below its Fair Value.
The transactions took place between February 24 and February 26, with purchase prices ranging from $7.3565 to $7.575 per share. Following these acquisitions, the total shares owned by these entities increased to 7,307,469 shares. The company maintains a moderate debt level with a debt-to-equity ratio of 0.56 and healthy liquidity with a current ratio of 1.51.
The securities were acquired for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners LLC acting as the investment adviser. Fund 1 Investments, LLC serves as the managing member of Pleasant Lake Partners LLC. These purchases reflect ongoing interest and investment in the company by these significant shareholders. Want deeper insights into insider trading patterns and comprehensive financial analysis? Access the full InvestingPro Research Report, available for over 1,400 US stocks.
In other recent news, 1-800-FLOWERS.COM reported its second-quarter fiscal year 2025 results, revealing a 6% decline in sales to $776 million, missing the consensus estimate by $27 million. The earnings per share also fell short, with the company posting $1.08 compared to the expected $1.20. This underperformance was partly attributed to a $20 million impact from a systems issue in their food business. Despite these challenges, the company is not expecting significant effects on upcoming Valentine’s Day sales. Following the earnings report, 1-800-FLOWERS.COM lowered its full-year 2025 EBITDA guidance by 22%, with the revised midpoint now at $70 million. DA Davidson maintained a Neutral rating on the company’s stock, with a price target of $7.50. In other developments, 1-800-FLOWERS.COM has partnered with Uber Technologies (NYSE:UBER) to enhance delivery capabilities through Uber Direct, aiming to improve service during peak demand periods like Valentine’s Day.
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