1-800-Flowers.com Inc. (NASDAQ:FLWS) Given Consensus Rating of “Buy” by Brokerages
1-800-Flowers.com Inc. (NASDAQ:FLWS) has received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.10.
Several brokerages have weighed in on FLWS. Ladenburg Thalmann began coverage on shares of 1-800-Flowers.com in a research note on Wednesday, August 17th. They set an “outperform” rating for the company. B. Riley reaffirmed a “buy” rating and set a $11.00 target price on shares of 1-800-Flowers.com in a research note on Wednesday, August 31st. Noble Financial reaffirmed a “buy” rating and set a $12.50 target price (up previously from $11.00) on shares of 1-800-Flowers.com in a research note on Monday, August 29th. Zacks Investment Research raised shares of 1-800-Flowers.com from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. Finally, Wunderlich lowered their target price on shares of 1-800-Flowers.com from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, August 23rd.
In other news, General Counsel Gerard M. Gallagher sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $9.28, for a total value of $232,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 53.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of FLWS. Foundry Partners LLC increased its position in shares of 1-800-Flowers.com by 197.8% in the second quarter. Foundry Partners LLC now owns 337,150 shares of the company’s stock worth $3,041,000 after buying an additional 223,935 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of 1-800-Flowers.com during the first quarter worth about $6,469,000. Metropolitan Life Insurance Co. NY increased its position in shares of 1-800-Flowers.com by 7.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,753 shares of the company’s stock worth $156,000 after buying an additional 1,428 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of 1-800-Flowers.com during the first quarter worth about $2,379,000. Finally, Beddow Capital Management Inc. purchased a new position in shares of 1-800-Flowers.com during the first quarter worth about $2,722,000. Institutional investors own 34.11% of the company’s stock.
1-800-Flowers.com (NASDAQ:FLWS) traded down 1.08% during midday trading on Wednesday, hitting $9.15. 40,030 shares of the stock traded hands. The company’s 50-day moving average is $9.28 and its 200 day moving average is $8.49. 1-800-Flowers.com has a 12-month low of $6.11 and a 12-month high of $10.88. The firm has a market cap of $594.85 million, a P/E ratio of 16.64 and a beta of 1.70.
1-800-Flowers.com (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). 1-800-Flowers.com had a net margin of 3.14% and a return on equity of 12.33%. The firm earned $234.40 million during the quarter, compared to analysts’ expectations of $228.18 million. During the same period last year, the business earned ($0.13) earnings per share. 1-800-Flowers.com’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that 1-800-Flowers.com will post $0.47 EPS for the current fiscal year.
1-800-FLOWERS.COM, Inc is a florist and gift shop. The Company delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. The Company operates through three segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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