Pleasant Lake Onshore Feeder Fund LP has reported a sale of 40,000 shares of 1-800-Flowers.com Inc. (NASDAQ:FLWS), according to a recent SEC filing. The shares were sold at an average price of $7.8029 each, totaling approximately $312,116. Following this transaction, the fund holds 3,674,364 shares of the company. The sale was conducted for the benefit of Pleasant Lake Onshore Feeder 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.
In other recent news, 1-800-FLOWERS.COM reported a 10% decrease in consolidated revenue in its fiscal 2025 first quarter earnings call. This decline was attributed to a shift in wholesale orders and a dip in e-commerce performance. However, the company remains optimistic about the upcoming holiday season, expecting a significant uptick in sales. In response to these developments, DA Davidson revised its price target for 1-800-FLOWERS.COM to $7.50, while maintaining a neutral rating on the stock.
The company is launching new initiatives such as exclusive Harry & David pop-up shops in select Macy's (NYSE:M) locations, and leveraging artificial intelligence in customer service to enhance customer experiences. Despite the revenue dip, 1-800-FLOWERS.COM has decided not to adjust its full-year sales and EBITDA guidance for FY25. DA Davidson has revised its EBITDA estimates for FY25 and FY26 downwards in light of these recent developments, and has introduced an initial EBITDA projection for FY27. These are among the recent developments at 1-800-FLOWERS.COM as it navigates the consumer spending landscape with strategic initiatives and efficient cost management.
InvestingPro Insights
As Pleasant Lake Onshore Feeder Fund LP reduces its stake in 1-800-Flowers.com Inc. (NASDAQ:FLWS), investors may be curious about the company's financial health and market performance. According to InvestingPro data, FLWS has a market capitalization of $522.3 million, reflecting its current position in the e-commerce and floral gift industry.
InvestingPro Tips highlight that while FLWS's stock price movements are quite volatile, the company's liquid assets exceed its short-term obligations, indicating a solid financial foundation. This liquidity position could be reassuring for investors, especially considering the recent share sale by Pleasant Lake Onshore Feeder Fund LP.
Despite not being profitable over the last twelve months, with a negative P/E ratio of -59, analysts predict that FLWS will be profitable this year. This optimistic outlook aligns with another InvestingPro Tip suggesting that net income is expected to grow this year, potentially signaling a turnaround for the company's bottom line.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights, with 6 more tips available for FLWS. These tips could provide valuable context for understanding the company's future prospects and the potential implications of institutional investors' trading activities.
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