1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Monday.
FLWS has been the topic of a number of other research reports. Benchmark Co. restated a “buy” rating and issued a $13.00 target price on shares of 1-800 FLOWERS.COM in a research report on Wednesday, August 23rd. FBR & Co set a $13.00 target price on shares of 1-800 FLOWERS.COM and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. BidaskClub upgraded shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Noble Financial reiterated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.33.
Shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) opened at $9.25 on Monday. 1-800 FLOWERS.COM has a 52-week low of $7.80 and a 52-week high of $11.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.15 and a quick ratio of 0.70. The firm has a market cap of $577.41, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59.
1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its earnings results on Tuesday, October 31st. The specialty retailer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. 1-800 FLOWERS.COM had a net margin of 3.93% and a return on equity of 11.29%. The firm had revenue of $157.35 million for the quarter, compared to analyst estimates of $157.63 million. During the same quarter last year, the business posted ($0.24) earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. equities research analysts expect that 1-800 FLOWERS.COM will post 0.46 EPS for the current fiscal year.
1-800 FLOWERS.COM declared that its Board of Directors has approved a share repurchase program on Wednesday, September 6th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
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Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of 1-800 FLOWERS.COM by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,770,303 shares of the specialty retailer’s stock worth $27,287,000 after purchasing an additional 103,005 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of 1-800 FLOWERS.COM by 5.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 112,579 shares of the specialty retailer’s stock worth $1,109,000 after purchasing an additional 6,128 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of 1-800 FLOWERS.COM by 57.8% during the third quarter. Wells Fargo & Company MN now owns 34,000 shares of the specialty retailer’s stock worth $335,000 after purchasing an additional 12,449 shares during the period. Trexquant Investment LP acquired a new position in shares of 1-800 FLOWERS.COM during the third quarter worth $274,000. Finally, Eagle Boston Investment Management Inc. lifted its holdings in shares of 1-800 FLOWERS.COM by 1.4% during 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 period. 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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