1-800-Flowers.com Inc. (FLWS) Upgraded to “Hold” by Zacks Investment Research
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 research analysts also recently weighed in on the stock. Ladenburg Thalmann began coverage on shares of 1-800-Flowers.com in a research report on Wednesday, August 17th. They issued an outperform rating on the stock. Wunderlich decreased their price target on shares of 1-800-Flowers.com from $12.00 to $9.00 and set a buy rating on the stock in a research report on Tuesday, August 23rd. Noble Financial reiterated a buy rating and issued a $12.50 price target (up from $11.00) on shares of 1-800-Flowers.com in a research report on Monday, August 29th. Finally, B. Riley reiterated a buy rating and issued a $11.00 price target on shares of 1-800-Flowers.com in a research report on Friday, August 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. 1-800-Flowers.com currently has a consensus rating of Buy and a consensus price target of $11.63.
1-800-Flowers.com (NASDAQ:FLWS) opened at 9.08 on Tuesday. 1-800-Flowers.com has a 12 month low of $6.11 and a 12 month high of $10.88. The company has a 50-day moving average of $9.28 and a 200 day moving average of $8.41. The stock has a market capitalization of $593.60 million, a price-to-earnings ratio of 16.51 and a beta of 1.70.
1-800-Flowers.com (NASDAQ:FLWS) last issued its earnings results on Thursday, August 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). 1-800-Flowers.com had a net margin of 3.14% and a return on equity of 12.41%. The company had revenue of $234.40 million for the quarter, compared to analysts’ expectations of $228.18 million. During the same quarter last year, the company posted ($0.13) earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that 1-800-Flowers.com will post $0.47 earnings per share for the current fiscal year.
In other news, General Counsel Gerard M. Gallagher sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $9.28, for a total transaction of $232,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 53.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Capital Impact Advisors LLC increased its stake in shares of 1-800-Flowers.com by 38.3% in the first quarter. Capital Impact Advisors LLC now owns 115,500 shares of the company’s stock worth $910,000 after buying an additional 32,000 shares in the last quarter. Skylands Capital LLC bought a new stake in shares of 1-800-Flowers.com during the first quarter worth about $1,704,000. BTC Capital Management Inc. increased its stake in shares of 1-800-Flowers.com by 50.1% in the first quarter. BTC Capital Management Inc. now owns 42,142 shares of the company’s stock worth $333,000 after buying an additional 14,067 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of 1-800-Flowers.com by 0.5% in the first quarter. Teachers Advisors Inc. now owns 67,644 shares of the company’s stock worth $533,000 after buying an additional 304 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of 1-800-Flowers.com during the first quarter worth about $2,379,000. Institutional investors own 34.11% of the company’s stock.
1-800-FLOWERS.COM, Inc is a florist and gift shop. The Company delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. The Company operates through three segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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