FBR & Co set a $13.00 price target on 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) in a report issued on Monday morning. The brokerage currently has a buy rating on the specialty retailer’s stock.
Several other equities research analysts have also issued reports on FLWS. Northcoast Research reaffirmed a buy rating and set a $14.00 price target (up from $12.00) on shares of 1-800 FLOWERS.COM in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of 1-800 FLOWERS.COM from a sell rating to a hold rating in a report on Tuesday, May 9th. DA Davidson initiated coverage on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 14th. They set a neutral rating and a $11.00 price target on the stock. Finally, BidaskClub lowered shares of 1-800 FLOWERS.COM from a hold rating to a sell rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $12.69.
Shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) opened at 8.00 on Monday. The company has a market cap of $522.68 million, a PE ratio of 21.45 and a beta of 1.58. 1-800 FLOWERS.COM has a 12-month low of $7.80 and a 12-month high of $11.40. The stock’s 50 day moving average price is $9.31 and its 200-day moving average price is $9.90.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.02. The company had revenue of $239.50 million for the quarter, compared to the consensus estimate of $245.38 million. 1-800 FLOWERS.COM had a net margin of 2.10% and a return on equity of 10.49%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) earnings per share. On average, equities research analysts forecast that 1-800 FLOWERS.COM will post $0.45 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of FLWS. Teachers Advisors LLC raised its stake in 1-800 FLOWERS.COM by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 90,239 shares of the specialty retailer’s stock worth $966,000 after buying an additional 3,527 shares during the last quarter. Capital Management Corp VA raised its stake in 1-800 FLOWERS.COM by 5.7% in the first quarter. Capital Management Corp VA now owns 177,170 shares of the specialty retailer’s stock worth $1,807,000 after buying an additional 9,600 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in 1-800 FLOWERS.COM during the first quarter worth $1,097,000. Russell Investments Group Ltd. raised its stake in 1-800 FLOWERS.COM by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 18,906 shares of the specialty retailer’s stock worth $192,000 after buying an additional 4,546 shares during the last quarter. Finally, BTC Capital Management Inc. raised its stake in 1-800 FLOWERS.COM by 1.4% in the first quarter. BTC Capital Management Inc. now owns 34,699 shares of the specialty retailer’s stock worth $352,000 after buying an additional 476 shares during the last quarter. 34.33% of the stock is currently owned by hedge funds and other institutional investors.
About 1-800 FLOWERS.COM
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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