1-800-Flowers.Com (FLWS) Reaches New 52-Week High at $18.47

1-800-Flowers.Com Inc (NASDAQ:FLWS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $18.47 and last traded at $18.34, with a volume of 7706 shares changing hands. The stock had previously closed at $18.14.

A number of research analysts recently commented on FLWS shares. Noble Financial upgraded shares of 1-800-Flowers.Com from a “market perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research note on Friday, February 1st. BidaskClub upgraded shares of 1-800-Flowers.Com from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of 1-800-Flowers.Com from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, December 18th. TheStreet upgraded shares of 1-800-Flowers.Com from a “c+” rating to a “b” rating in a research report on Friday, February 1st. Finally, Sidoti lowered shares of 1-800-Flowers.Com from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.00.

The stock has a market capitalization of $1.18 billion, a PE ratio of 41.34, a P/E/G ratio of 4.01 and a beta of 1.31. The company has a current ratio of 1.92, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24.

1-800-Flowers.Com (NASDAQ:FLWS) last announced its earnings results on Thursday, January 31st. The specialty retailer reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. 1-800-Flowers.Com had a net margin of 2.86% and a return on equity of 10.94%. The firm had revenue of $571.32 million for the quarter, compared to analyst estimates of $554.50 million. As a group, equities research analysts forecast that 1-800-Flowers.Com Inc will post 0.46 earnings per share for the current year.

In related news, CEO Christopher G. Mccann sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $11.92, for a total transaction of $298,000.00. Following the sale, the chief executive officer now owns 943,328 shares in the company, valued at approximately $11,244,469.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leonard J. Elmore sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $17.10, for a total transaction of $85,500.00. Following the sale, the director now owns 47,791 shares in the company, valued at approximately $817,226.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,000 shares of company stock worth $2,269,435. Company insiders own 64.42% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of 1-800-Flowers.Com by 2.0% during the 4th quarter. BlackRock Inc. now owns 1,914,110 shares of the specialty retailer’s stock worth $23,409,000 after acquiring an additional 37,355 shares in the last quarter. Vanguard Group Inc boosted its position in shares of 1-800-Flowers.Com by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 1,258,070 shares of the specialty retailer’s stock worth $14,845,000 after acquiring an additional 44,523 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 1-800-Flowers.Com by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,258,070 shares of the specialty retailer’s stock worth $14,845,000 after acquiring an additional 44,523 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of 1-800-Flowers.Com by 8.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,147,890 shares of the specialty retailer’s stock worth $13,545,000 after acquiring an additional 93,520 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of 1-800-Flowers.Com by 25.8% during the 4th quarter. Peregrine Capital Management LLC now owns 671,387 shares of the specialty retailer’s stock worth $8,211,000 after acquiring an additional 137,881 shares in the last quarter. Institutional investors and hedge funds own 32.98% of the company’s stock.

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About 1-800-Flowers.Com (NASDAQ:FLWS)

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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