Zacks Investment Research upgraded shares of 1-800-Flowers.Com (NASDAQ:FLWS) from a sell rating to a hold rating in a research report report published on Friday.
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. “
Several other brokerages have also recently weighed in on FLWS. BidaskClub raised shares of 1-800-Flowers.Com from a buy rating to a strong-buy rating in a report on Wednesday, August 15th. Benchmark reaffirmed a buy rating and issued a $16.00 target price (up previously from $14.00) on shares of 1-800-Flowers.Com in a report on Wednesday, August 22nd. Northcoast Research reaffirmed a neutral rating on shares of 1-800-Flowers.Com in a report on Wednesday, August 15th. ValuEngine raised shares of 1-800-Flowers.Com from a buy rating to a strong-buy rating in a report on Thursday. Finally, Noble Financial reaffirmed a hold rating on shares of 1-800-Flowers.Com in a report on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. 1-800-Flowers.Com has a consensus rating of Hold and an average price target of $13.33.
Shares of NASDAQ:FLWS opened at $13.37 on Friday. The company has a market capitalization of $863.57 million, a P/E ratio of 30.39, a PEG ratio of 3.34 and a beta of 1.11. 1-800-Flowers.Com has a fifty-two week low of $8.85 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.48 and a current ratio of 2.19.
1-800-Flowers.Com (NASDAQ:FLWS) last issued its earnings results on Thursday, November 1st. The specialty retailer reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.03. The firm had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $165.59 million. 1-800-Flowers.Com had a net margin of 3.16% and a return on equity of 7.82%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.20) earnings per share. As a group, analysts predict that 1-800-Flowers.Com will post 0.4 earnings per share for the current fiscal year.
In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $14.34, for a total value of $215,100.00. Following the transaction, the chief executive officer now directly owns 1,141,709 shares in the company, valued at $16,372,107.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher G. Mccann sold 12,500 shares of the stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of $11.10, for a total transaction of $138,750.00. Following the completion of the transaction, the chief executive officer now owns 937,328 shares in the company, valued at $10,404,340.80. The disclosure for this sale can be found here. Insiders sold 58,750 shares of company stock worth $709,788 over the last quarter. 53.17% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in FLWS. Millennium Management LLC purchased a new position in shares of 1-800-Flowers.Com during the second quarter worth approximately $1,966,000. BlackRock Inc. grew its position in shares of 1-800-Flowers.Com by 6.8% during the second quarter. BlackRock Inc. now owns 1,846,015 shares of the specialty retailer’s stock worth $23,168,000 after acquiring an additional 118,144 shares during the last quarter. Northern Trust Corp grew its position in shares of 1-800-Flowers.Com by 9.4% during the second quarter. Northern Trust Corp now owns 366,945 shares of the specialty retailer’s stock worth $4,605,000 after acquiring an additional 31,595 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of 1-800-Flowers.Com by 159.1% during the first quarter. Russell Investments Group Ltd. now owns 37,213 shares of the specialty retailer’s stock worth $440,000 after acquiring an additional 22,853 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of 1-800-Flowers.Com by 13.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 163,290 shares of the specialty retailer’s stock worth $2,050,000 after acquiring an additional 19,704 shares during the last quarter. Institutional investors own 32.95% of the company’s stock.
1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.
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