Shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) have been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.17.
A number of analysts recently commented on the company. FBR & Co assumed coverage on 1-800 FLOWERS.COM in a report on Tuesday, July 11th. They set an “outperform” rating and a $13.00 price target on the stock. BidaskClub lowered 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. DA Davidson reiterated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of 1-800 FLOWERS.COM in a report on Monday, August 28th. Noble Financial reiterated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. Finally, Zacks Investment Research lowered 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Monday, August 28th.
1-800 FLOWERS.COM (NASDAQ FLWS) traded up 2.14% during midday trading on Wednesday, reaching $9.55. The company had a trading volume of 160,399 shares. 1-800 FLOWERS.COM has a 12-month low of $7.80 and a 12-month high of $11.40. The firm has a market capitalization of $623.18 million, a price-to-earnings ratio of 14.69 and a beta of 1.60. The stock’s 50 day moving average is $9.14 and its 200 day moving average is $9.83.
1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.02. The business had revenue of $239.50 million for the quarter, compared to the consensus estimate of $245.38 million. 1-800 FLOWERS.COM had a return on equity of 10.96% and a net margin of 3.69%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share. Equities research analysts expect that 1-800 FLOWERS.COM will post $0.47 earnings per share for the current year.
1-800 FLOWERS.COM announced that its Board of Directors has initiated a stock buyback plan on Wednesday, September 6th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. raised its stake in shares of 1-800 FLOWERS.COM by 1.3% in the first quarter. Prudential Financial Inc. now owns 275,475 shares of the specialty retailer’s stock valued at $2,810,000 after buying an additional 3,600 shares during the period. Northpointe Capital LLC grew its position in shares of 1-800 FLOWERS.COM by 35.6% in the second quarter. Northpointe Capital LLC now owns 1,365,113 shares of the specialty retailer’s stock valued at $13,310,000 after purchasing an additional 358,281 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of 1-800 FLOWERS.COM by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 644,400 shares of the specialty retailer’s stock valued at $6,573,000 after purchasing an additional 4,400 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of 1-800 FLOWERS.COM by 63.0% in the second quarter. North Star Investment Management Corp. now owns 207,730 shares of the specialty retailer’s stock valued at $2,025,000 after purchasing an additional 80,325 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of 1-800 FLOWERS.COM by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 90,239 shares of the specialty retailer’s stock valued at $966,000 after purchasing an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 34.06% 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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