1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, November 1st.
According to Zacks, “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. “
A number of other brokerages also recently commented on FLWS. BidaskClub upgraded 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. FBR & Co set a $13.00 target price on 1-800 FLOWERS.COM and gave the stock a “buy” rating in a research note on Monday, August 21st. DA Davidson restated a “neutral” rating and issued a $9.00 target price (down previously from $11.00) on shares of 1-800 FLOWERS.COM in a research note on Monday, August 28th. Noble Financial restated a “buy” rating on shares of 1-800 FLOWERS.COM in a research note on Friday, September 1st. Finally, Benchmark Co. lowered their target price on 1-800 FLOWERS.COM to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $12.33.
1-800 FLOWERS.COM (FLWS) traded up $0.05 during trading on Wednesday, reaching $9.20. The company’s stock had a trading volume of 158,400 shares, compared to its average volume of 157,896. 1-800 FLOWERS.COM has a twelve month low of $7.80 and a twelve month high of $11.40. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. The stock has a market cap of $593.63, a P/E ratio of 20.33, a PEG ratio of 1.41 and a beta of 1.59.
1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its earnings results on Tuesday, October 31st. The specialty retailer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. 1-800 FLOWERS.COM had a return on equity of 11.13% and a net margin of 3.93%. The firm had revenue of $157.35 million for the quarter, compared to the consensus estimate of $157.63 million. During the same quarter in the prior year, the business earned ($0.24) earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. analysts expect that 1-800 FLOWERS.COM will post 0.46 EPS for the current fiscal year.
1-800 FLOWERS.COM declared that its board has authorized a share repurchase program on Wednesday, September 6th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in 1-800 FLOWERS.COM by 67.1% in the 1st quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 3,929 shares during the period. Cigna Investments Inc. New acquired a new position in 1-800 FLOWERS.COM in the 2nd quarter worth about $120,000. Karp Capital Management Corp acquired a new position in 1-800 FLOWERS.COM in the 1st quarter worth about $130,000. American International Group Inc. raised its holdings in 1-800 FLOWERS.COM by 7.1% in the 1st quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 1,066 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in 1-800 FLOWERS.COM by 31.7% in the 1st quarter. Russell Investments Group Ltd. now owns 18,906 shares of the specialty retailer’s stock worth $192,000 after purchasing an additional 4,546 shares during the period. 34.01% of the stock is owned by 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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