$242.32 Million in Sales Expected for 1-800-Flowers.Com Inc (FLWS) This Quarter
Analysts expect 1-800-Flowers.Com Inc (NASDAQ:FLWS) to announce sales of $242.32 million for the current quarter, according to Zacks. Two analysts have made estimates for 1-800-Flowers.Com’s earnings, with the highest sales estimate coming in at $242.60 million and the lowest estimate coming in at $242.04 million. 1-800-Flowers.Com posted sales of $238.55 million during the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, May 7th.
According to Zacks, analysts expect that 1-800-Flowers.Com will report full-year sales of $1.24 billion for the current financial year, with estimates ranging from $1.23 billion to $1.24 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.31 billion, with estimates ranging from $1.30 billion to $1.31 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow 1-800-Flowers.Com.
1-800-Flowers.Com (NASDAQ:FLWS) last released its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. The company had revenue of $571.32 million for the quarter, compared to analyst estimates of $554.50 million. 1-800-Flowers.Com had a return on equity of 10.94% and a net margin of 2.86%.
NASDAQ FLWS opened at $19.06 on Tuesday. The stock has a market cap of $1.20 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 4.07 and a beta of 1.31. The company has a current ratio of 1.92, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. 1-800-Flowers.Com has a one year low of $10.01 and a one year high of $19.16.
In related news, insider Arnold P. Leap sold 2,000 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $17.03, for a total transaction of $34,060.00. Following the completion of the transaction, the insider now directly owns 30,381 shares in the company, valued at $517,388.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leonard J. Elmore sold 5,000 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $17.10, for a total value of $85,500.00. Following the transaction, the director now owns 47,791 shares of the company’s stock, valued at $817,226.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,500 shares of company stock valued at $2,876,685. 64.42% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of FLWS. Martingale Asset Management L P grew its holdings in shares of 1-800-Flowers.Com by 15.3% during the third quarter. Martingale Asset Management L P now owns 158,559 shares of the specialty retailer’s stock worth $1,871,000 after buying an additional 21,013 shares in the last quarter. BlackRock Inc. grew its stake in 1-800-Flowers.Com by 1.7% in the third quarter. BlackRock Inc. now owns 1,876,755 shares of the specialty retailer’s stock valued at $22,145,000 after purchasing an additional 30,740 shares in the last quarter. GSA Capital Partners LLP grew its stake in 1-800-Flowers.Com by 68.2% in the third quarter. GSA Capital Partners LLP now owns 55,074 shares of the specialty retailer’s stock valued at $650,000 after purchasing an additional 22,336 shares in the last quarter. Citadel Advisors LLC grew its stake in 1-800-Flowers.Com by 52.2% in the third quarter. Citadel Advisors LLC now owns 19,738 shares of the specialty retailer’s stock valued at $232,000 after purchasing an additional 6,771 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in 1-800-Flowers.Com by 37.1% in the third quarter. MetLife Investment Advisors LLC now owns 18,281 shares of the specialty retailer’s stock valued at $216,000 after purchasing an additional 4,951 shares in the last quarter. Institutional investors and hedge funds own 32.98% 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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