Zacks Investment Research cut shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) from a hold rating to a sell rating in a research report sent to investors on Monday.

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 issued reports on FLWS. Northcoast Research reissued a buy rating and set a $14.00 target price (up previously from $12.00) on shares of 1-800 FLOWERS.COM in a report on Wednesday, May 3rd. DA Davidson assumed coverage on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 14th. They set a neutral rating and a $11.00 target price for the company. FBR & Co assumed coverage on shares of 1-800 FLOWERS.COM in a report on Tuesday, July 11th. They set an outperform rating and a $13.00 target price for the company. BidaskClub raised shares of 1-800 FLOWERS.COM from a sell rating to a hold rating in a report on Tuesday, August 22nd. Finally, Benchmark Co. reissued a buy rating and set a $13.00 target price on shares of 1-800 FLOWERS.COM in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. 1-800 FLOWERS.COM currently has an average rating of Buy and a consensus price target of $12.14.

1-800 FLOWERS.COM (FLWS) opened at 8.85 on Monday. The company has a market capitalization of $577.50 million, a price-to-earnings ratio of 13.62 and a beta of 1.58. The stock has a 50 day moving average price of $9.29 and a 200 day moving average price of $9.89. 1-800 FLOWERS.COM has a 12-month low of $7.80 and a 12-month high of $11.40.

1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. 1-800 FLOWERS.COM had a return on equity of 10.96% and a net margin of 3.69%. The business had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $245.38 million. During the same period last year, the business earned ($0.14) EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that 1-800 FLOWERS.COM will post $0.47 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in FLWS. JPMorgan Chase & Co. raised its stake in 1-800 FLOWERS.COM by 67.1% in the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 3,929 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in 1-800 FLOWERS.COM during the first quarter valued at approximately $104,000. Cigna Investments Inc. New purchased a new stake in 1-800 FLOWERS.COM during the second quarter valued at approximately $120,000. Nine Chapters Capital Management LLC raised its stake in 1-800 FLOWERS.COM by 9.6% in the first quarter. Nine Chapters Capital Management LLC now owns 12,600 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 1,100 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in 1-800 FLOWERS.COM during the first quarter valued at approximately $130,000. Institutional investors own 34.06% of the company’s stock.

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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Analyst Recommendations for 1-800 FLOWERS.COM (NASDAQ:FLWS)

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