Northcoast Research Reaffirms “Buy” Rating for 1-800 FLOWERS.COM, Inc. (FLWS)
Northcoast Research reissued their buy rating on shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) in a research report report published on Wednesday morning. Northcoast Research also issued estimates for 1-800 FLOWERS.COM’s Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at $0.48 EPS, Q1 2019 earnings at ($0.22) EPS, Q2 2019 earnings at $0.97 EPS, Q3 2019 earnings at ($0.12) EPS, Q4 2019 earnings at ($0.08) EPS, FY2019 earnings at $0.54 EPS and FY2019 earnings at $0.55 EPS.
Several other research firms have also issued reports on FLWS. 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. B. Riley reiterated a buy rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, November 1st. Benchmark Co. lowered their target price on shares of 1-800 FLOWERS.COM to $13.00 and set a buy rating for the company in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of 1-800 FLOWERS.COM from a sell rating to a hold rating in a report on Wednesday, November 1st. Finally, Noble Financial reiterated a buy rating on shares of 1-800 FLOWERS.COM in a report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $12.33.
1-800 FLOWERS.COM (NASDAQ FLWS) opened at $9.20 on Wednesday. 1-800 FLOWERS.COM has a 1-year low of $7.80 and a 1-year high of $11.40. The stock has a market cap of $593.63, a P/E ratio of 20.33, a PEG ratio of 1.41 and a beta of 1.59. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36.
1-800 FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Tuesday, October 31st. The specialty retailer reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. 1-800 FLOWERS.COM had a net margin of 3.93% and a return on equity of 11.13%. The firm had revenue of $157.35 million during the quarter, compared to analyst estimates of $157.63 million. During the same period last year, the business earned ($0.24) earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. sell-side analysts predict that 1-800 FLOWERS.COM will post 0.46 EPS for the current fiscal year.
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1-800 FLOWERS.COM declared that its Board of Directors has authorized a share repurchase program on Wednesday, September 6th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in 1-800 FLOWERS.COM by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,667,298 shares of the specialty retailer’s stock worth $26,006,000 after acquiring an additional 139,643 shares during the last quarter. Vanguard Group Inc. raised its holdings in 1-800 FLOWERS.COM by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,429,199 shares of the specialty retailer’s stock worth $13,935,000 after acquiring an additional 73,893 shares during the last quarter. Eagle Boston Investment Management Inc. raised its holdings in 1-800 FLOWERS.COM by 1.4% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 1,425,395 shares of the specialty retailer’s stock worth $13,968,000 after acquiring an additional 20,360 shares during the last quarter. Northpointe Capital LLC raised its stake in 1-800 FLOWERS.COM by 35.6% during the 2nd quarter. Northpointe Capital LLC now owns 1,365,113 shares of the specialty retailer’s stock valued at $13,310,000 after buying an additional 358,281 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in 1-800 FLOWERS.COM by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,048,222 shares of the specialty retailer’s stock valued at $10,325,000 after buying an additional 21,313 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.
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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