1-800 FLOWERS.COM’s (FLWS) Buy Rating Reiterated at B. Riley
B. Riley reiterated their buy rating on shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) in a research report report published on Wednesday. The firm currently has a $13.00 price target on the specialty retailer’s stock. B. Riley also issued estimates for 1-800 FLOWERS.COM’s Q2 2018 earnings at $0.88 EPS and Q3 2018 earnings at ($0.10) EPS.
Several other equities research analysts have also commented on FLWS. FBR & Co set a $13.00 target price on 1-800 FLOWERS.COM and gave the company a buy rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded 1-800 FLOWERS.COM from a sell rating to a hold rating in a research report on Wednesday, November 1st. Noble Financial restated a buy rating on shares of 1-800 FLOWERS.COM in a research report on Thursday, November 2nd. BidaskClub lowered 1-800 FLOWERS.COM from a hold rating to a sell rating in a research report on Thursday, August 10th. Finally, Benchmark Co. dropped their price target 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 stock. The stock currently has a consensus rating of Buy and a consensus target price of $12.33.
Shares of 1-800 FLOWERS.COM (NASDAQ FLWS) traded up $0.05 during trading on Wednesday, hitting $9.20. The company had a trading volume of 158,400 shares, compared to its average volume of 157,896. 1-800 FLOWERS.COM has a 52 week low of $7.80 and a 52 week 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 company has a market cap of $593.63, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.41 and a beta of 1.59.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported ($0.20) EPS for the quarter, beating the consensus estimate 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 company had revenue of $157.35 million for the quarter, compared to analyst estimates of $157.63 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. analysts predict that 1-800 FLOWERS.COM will post 0.46 earnings per share for the current fiscal year.
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1-800 FLOWERS.COM declared that its board has authorized a share repurchase program on Wednesday, September 6th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.
A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in 1-800 FLOWERS.COM by 57.8% during the 3rd quarter. Wells Fargo & Company MN now owns 34,000 shares of the specialty retailer’s stock worth $335,000 after buying an additional 12,449 shares during the period. Trexquant Investment LP acquired a new position in 1-800 FLOWERS.COM during the 3rd quarter worth approximately $274,000. Eagle Boston Investment Management Inc. raised its stake in shares of 1-800 FLOWERS.COM by 1.4% in the third quarter. Eagle Boston Investment Management Inc. now owns 1,425,395 shares of the specialty retailer’s stock worth $13,968,000 after purchasing an additional 20,360 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of 1-800 FLOWERS.COM in the third quarter worth approximately $474,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of 1-800 FLOWERS.COM in the third quarter worth approximately $556,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.
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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