1-800 FLOWERS.COM (NASDAQ:FLWS) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on FLWS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 24th. Noble Financial reissued an “outperform” rating on shares of 1-800 FLOWERS.COM in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.75.

1-800 FLOWERS.COM Stock Down 0.7%

NASDAQ FLWS opened at $4.20 on Monday. 1-800 FLOWERS.COM has a 52 week low of $2.88 and a 52 week high of $8.44. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $269.22 million, a P/E ratio of -1.99 and a beta of 1.36. The stock’s 50-day moving average price is $4.07 and its 200-day moving average price is $3.86.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by ($0.02). The company had revenue of $293.01 million for the quarter, compared to the consensus estimate of $292.42 million. 1-800 FLOWERS.COM had a negative net margin of 8.69% and a negative return on equity of 28.81%. On average, equities research analysts predict that 1-800 FLOWERS.COM will post -1.18 earnings per share for the current year.

Institutional Trading of 1-800 FLOWERS.COM

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in shares of 1-800 FLOWERS.COM by 4.3% during the 1st quarter. Empowered Funds LLC now owns 373,265 shares of the specialty retailer’s stock valued at $2,202,000 after purchasing an additional 15,277 shares during the last quarter. Strs Ohio purchased a new position in shares of 1-800 FLOWERS.COM during the first quarter valued at about $157,000. Rhumbline Advisers increased its holdings in shares of 1-800 FLOWERS.COM by 34.0% in the second quarter. Rhumbline Advisers now owns 53,581 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 13,599 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of 1-800 FLOWERS.COM by 62.0% in the second quarter. Russell Investments Group Ltd. now owns 23,232 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 8,889 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of 1-800 FLOWERS.COM in the second quarter worth about $339,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

1-800 FLOWERS.COM Company Profile

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.