1-800 FLOWERS.COM, Inc. (FLWS) Rating Reiterated by Benchmark Co.
1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)‘s stock had its “buy” rating reiterated by analysts at Benchmark Co. in a report issued on Wednesday. They currently have a $13.00 price objective on the specialty retailer’s stock. Benchmark Co.’s price objective indicates a potential upside of 45.25% from the company’s previous close.
The analysts wrote, “We are adjusting our numbers to more fully reflect the Fannie May impact on both the quarter and FY18, noting, however, that our pro forma FY18 revenue growth forecast of 3.5% y/y is consistent with our prior expectations, and likely to be in line with initial conservative guidance. With over $100 million in net cash, and at just 5x PF2018E EV/EBITDA vs. FTD (FTD:Not Rated) at almost 8x, we think shares of FLWS appear attractively priced.””
A number of other research analysts have also commented on FLWS. Northcoast Research restated a “buy” rating and issued a $14.00 price objective (up from $12.00) on shares of 1-800 FLOWERS.COM in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. DA Davidson started coverage on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 14th. They issued a “neutral” rating and a $11.00 price objective on the stock. FBR & Co started coverage on shares of 1-800 FLOWERS.COM in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $13.00 price objective on the stock. Finally, BidaskClub lowered shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.69.
1-800 FLOWERS.COM (NASDAQ:FLWS) traded up 11.87% during trading on Wednesday, hitting $8.95. The stock had a trading volume of 520,607 shares. The firm has a market cap of $584.02 million, a PE ratio of 13.77 and a beta of 1.58. 1-800 FLOWERS.COM has a 52-week low of $7.80 and a 52-week high of $11.40. The company’s 50 day moving average is $9.29 and its 200 day moving average is $9.89.
1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $239.50 million during the quarter, compared to analyst estimates of $245.38 million. 1-800 FLOWERS.COM had a net margin of 3.69% and a return on equity of 10.96%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Equities research analysts forecast that 1-800 FLOWERS.COM will post $0.49 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of FLWS. Fortaleza Asset Management Inc. raised its position in shares of 1-800 FLOWERS.COM by 46.5% in the first quarter. Fortaleza Asset Management Inc. now owns 17,730 shares of the specialty retailer’s stock worth $181,000 after buying an additional 5,630 shares during the period. Sei Investments Co. raised its position in shares of 1-800 FLOWERS.COM by 2,022.1% in the first quarter. Sei Investments Co. now owns 124,842 shares of the specialty retailer’s stock worth $1,273,000 after buying an additional 118,959 shares during the period. Karp Capital Management Corp purchased a new position in shares of 1-800 FLOWERS.COM during the first quarter worth about $130,000. Gamco Investors INC. ET AL raised its position in shares of 1-800 FLOWERS.COM by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 644,400 shares of the specialty retailer’s stock worth $6,573,000 after buying an additional 4,400 shares during the period. Finally, Teton Advisors Inc. raised its position in shares of 1-800 FLOWERS.COM by 11.5% in the first quarter. Teton Advisors Inc. now owns 518,846 shares of the specialty retailer’s stock worth $5,292,000 after buying an additional 53,346 shares during the period. Institutional investors and hedge funds own 34.33% of the company’s stock.
1-800 FLOWERS.COM Company Profile
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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