1-800-Flowers.Com Inc (NASDAQ:FLWS) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 5,490,000 shares, an increase of 43.7% from the June 30th total of 3,820,000 shares. Currently, 22.4% of the company’s stock are short sold. Based on an average daily volume of 830,000 shares, the days-to-cover ratio is presently 6.6 days.
Several brokerages recently issued reports on FLWS. Benchmark lifted their target price on 1-800-Flowers.Com from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 19th. DA Davidson upped their target price on shares of 1-800-Flowers.Com from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. BidaskClub raised shares of 1-800-Flowers.Com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Craig Hallum boosted their price target on shares of 1-800-Flowers.Com from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Noble Financial reiterated a “buy” rating and issued a $25.00 price objective on shares of 1-800-Flowers.Com in a research note on Friday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.17.
Shares of FLWS stock opened at $28.25 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 2.10. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 47.08 and a beta of 1.44. 1-800-Flowers.Com has a 52 week low of $11.15 and a 52 week high of $28.89. The firm’s 50-day simple moving average is $22.98 and its two-hundred day simple moving average is $18.72.
1-800-Flowers.Com (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, April 30th. The specialty retailer reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. 1-800-Flowers.Com had a net margin of 3.07% and a return on equity of 11.39%. The company had revenue of $278.80 million during the quarter, compared to analyst estimates of $264.24 million. During the same quarter last year, the business posted ($0.13) EPS. 1-800-Flowers.Com’s quarterly revenue was up 12.4% compared to the same quarter last year. Analysts forecast that 1-800-Flowers.Com will post 0.94 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in 1-800-Flowers.Com by 11.3% in the 4th quarter. Bank of New York Mellon Corp now owns 164,270 shares of the specialty retailer’s stock worth $2,382,000 after acquiring an additional 16,629 shares during the last quarter. Deutsche Bank AG boosted its stake in 1-800-Flowers.Com by 334.3% in the 1st quarter. Deutsche Bank AG now owns 148,429 shares of the specialty retailer’s stock worth $1,964,000 after purchasing an additional 114,251 shares during the period. State Street Corp lifted its holdings in shares of 1-800-Flowers.Com by 1.9% in the first quarter. State Street Corp now owns 632,897 shares of the specialty retailer’s stock worth $8,373,000 after buying an additional 11,924 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of 1-800-Flowers.Com in the second quarter valued at approximately $807,000. Finally, Invesco Ltd. grew its stake in 1-800-Flowers.Com by 49.1% during the first quarter. Invesco Ltd. now owns 116,900 shares of the specialty retailer’s stock valued at $1,546,000 after acquiring an additional 38,470 shares in the last quarter. 41.97% of the stock is currently owned by hedge funds and other institutional investors.
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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