1-800-Flowers.Com (NASDAQ:FLWS) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of 1-800-Flowers.Com (NASDAQ:FLWS) from a hold rating to a buy rating in a research report released on Saturday morning, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the stock. Noble Financial set a $25.00 price objective on shares of 1-800-Flowers.Com and gave the company a buy rating in a research note on Friday, August 23rd. Zacks Investment Research cut shares of 1-800-Flowers.Com from a buy rating to a hold rating in a research note on Thursday, August 29th. BidaskClub cut shares of 1-800-Flowers.Com from a hold rating to a sell rating in a research note on Tuesday, August 20th. DA Davidson set a $25.00 price target on shares of 1-800-Flowers.Com and gave the stock a buy rating in a research report on Monday, August 26th. Finally, TheStreet cut shares of 1-800-Flowers.Com from a b- rating to a c+ rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $23.67.

Shares of NASDAQ FLWS opened at $14.76 on Friday. 1-800-Flowers.Com has a fifty-two week low of $10.01 and a fifty-two week high of $21.77. The firm’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $18.39. The company has a quick ratio of 1.75, a current ratio of 2.28 and a debt-to-equity ratio of 0.24. The stock has a market cap of $980.83 million, a P/E ratio of 28.38 and a beta of 1.45.

1-800-Flowers.Com (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. 1-800-Flowers.Com had a net margin of 2.78% and a return on equity of 10.42%. The business had revenue of $259.40 million for the quarter, compared to analysts’ expectations of $255.15 million. During the same period in the previous year, the business earned ($0.12) earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that 1-800-Flowers.Com will post 0.58 earnings per share for the current fiscal year.

In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 25,000 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $18.98, for a total value of $474,500.00. Following the sale, the chief executive officer now directly owns 943,328 shares in the company, valued at $17,904,365.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher G. Mccann sold 12,500 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $18.88, for a total transaction of $236,000.00. Following the completion of the sale, the chief executive officer now owns 943,328 shares in the company, valued at $17,810,032.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,500 shares of company stock worth $3,040,500. 64.42% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its holdings in 1-800-Flowers.Com by 686.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,549 shares of the specialty retailer’s stock worth $101,000 after buying an additional 4,843 shares during the period. SG Americas Securities LLC acquired a new stake in 1-800-Flowers.Com during the 1st quarter worth about $102,000. First Mercantile Trust Co. acquired a new stake in 1-800-Flowers.Com during the 1st quarter worth about $149,000. Convergence Investment Partners LLC acquired a new stake in 1-800-Flowers.Com during the 2nd quarter worth about $196,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in 1-800-Flowers.Com during the 2nd quarter worth about $229,000. Hedge funds and other institutional investors own 38.76% of the company’s stock.

About 1-800-Flowers.Com

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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Analyst Recommendations for 1-800-Flowers.Com (NASDAQ:FLWS)

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