Zacks Investment Research upgraded shares of 1-800-Flowers.Com (NASDAQ:FLWS) from a sell rating to a hold rating in a research note published on Tuesday morning.
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 research firms have also commented on FLWS. Northcoast Research lowered 1-800-Flowers.Com from a buy rating to a neutral rating in a research note on Tuesday, December 26th. TheStreet raised 1-800-Flowers.Com from a c+ rating to a b- rating in a research note on Tuesday, December 5th. B. Riley reissued a buy rating on shares of 1-800-Flowers.Com in a research note on Wednesday, November 1st. BidaskClub raised 1-800-Flowers.Com from a sell rating to a hold rating in a research note on Wednesday, December 6th. Finally, FBR & Co set a $13.00 price objective on 1-800-Flowers.Com and gave the stock a buy rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. 1-800-Flowers.Com presently has an average rating of Buy and a consensus price target of $12.33.
1-800-Flowers.Com (NASDAQ:FLWS) remained flat at $$11.65 during trading on Tuesday. The company’s stock had a trading volume of 66,420 shares, compared to its average volume of 133,845. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.15 and a quick ratio of 0.70. The company has a market cap of $752.87, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59. 1-800-Flowers.Com has a 1-year low of $7.80 and a 1-year high of $11.90.
1-800-Flowers.Com (NASDAQ:FLWS) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. The company had revenue of $157.35 million for the quarter, compared to analyst estimates of $157.63 million. 1-800-Flowers.Com had a return on equity of 11.29% and a net margin of 3.93%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. sell-side analysts anticipate that 1-800-Flowers.Com will post 0.46 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of 1-800-Flowers.Com by 1.3% during the second quarter. Rhumbline Advisers now owns 33,066 shares of the specialty retailer’s stock valued at $322,000 after acquiring an additional 415 shares during the period. Wells Fargo & Company MN lifted its stake in shares of 1-800-Flowers.Com by 2.3% during the second quarter. Wells Fargo & Company MN now owns 21,551 shares of the specialty retailer’s stock valued at $211,000 after acquiring an additional 488 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of 1-800-Flowers.Com by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 106,451 shares of the specialty retailer’s stock valued at $1,038,000 after acquiring an additional 665 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of 1-800-Flowers.Com by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 166,502 shares of the specialty retailer’s stock valued at $1,623,000 after acquiring an additional 803 shares during the period. Finally, Nationwide Fund Advisors lifted its stake in shares of 1-800-Flowers.Com by 5.2% during the second quarter. Nationwide Fund Advisors now owns 21,803 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 1,086 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.
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1-800-Flowers.Com Company Profile
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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