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Investors in 1 800 Flowers.com Inc. (NASDAQ:FLWS) will take note of recent substantial stock purchases by Fund 1 Investments, LLC, PLP Funds Master Fund LP, and Pleasant Lake Partners LLC. The transactions, which took place over several days, amounted to a total of $2,723,133. The purchases were executed at prices ranging from $7.1815 to $7.6373 per share. According to InvestingPro data, these purchases come as the stock has experienced significant volatility, with shares down nearly 30% over the past six months and currently trading near its 52-week low of $7.01.
On January 10, 2025, the firms acquired 50,000 shares at a price of $7.1815 each. This was followed by a purchase of 61,000 shares on January 13 at $7.3326 per share. The buying spree continued on January 14 with 160,000 shares acquired at $7.3497 per share, and concluded on January 15 with 97,000 shares bought at $7.6373 per share. With the company's next earnings report due on January 30, InvestingPro analysis indicates analysts expect a return to profitability this fiscal year.
These transactions have increased the total shares owned by the reporting entities to 4,542,364. According to the footnotes in the filing, the securities are held for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners LLC serving as the investment adviser. Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC. For deeper insights into FLWS's valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, 1-800-FLOWERS.COM reported a 10% year-over-year decline in consolidated revenue for the first quarter of fiscal 2025. Despite this, the company anticipates a sales increase during the holiday season, backed by strategic initiatives such as Harry & David pop-up shops in select Macy's (NYSE:M) locations. The company's board of directors was also recently elected, with ten nominees including Celia R. Brown, James A. Cannavino, and Christopher G. McCann, among others. Stockholders ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending June 29, 2025.
DA Davidson has revised its price target for 1-800-FLOWERS.COM to $7.50, maintaining a neutral rating on the stock. This adjustment is based on a valuation of 5.0 times the firm's estimated CY26 EBITDA of $101 million. Despite the company's weaker-than-expected performance in the first quarter, analysts expect a return to profitability this fiscal year.
As part of its recent developments, 1-800-FLOWERS.COM is focusing on enhancing customer experiences and leveraging artificial intelligence in customer service. The company maintains its full-year sales and EBITDA guidance for fiscal 2025, expecting revenue growth to be flat to mid-single digits down, with an adjusted EBITDA projected to be between $85 million and $95 million. These are the latest updates from 1-800-FLOWERS.COM as it continues to navigate the consumer spending landscape with strategic initiatives and efficient cost management.
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