Q2 2018 Earnings Forecast for 1-800 FLOWERS.COM, Inc. (FLWS) Issued By Northcoast Research
1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) – Analysts at Northcoast Research decreased their Q2 2018 earnings per share estimates for shares of 1-800 FLOWERS.COM in a report issued on Friday. Northcoast Research analyst J. Stein now expects that the specialty retailer will post earnings of $0.90 per share for the quarter, down from their prior forecast of $0.93. Northcoast Research has a “Buy” rating and a $14.00 price objective on the stock. Northcoast Research also issued estimates for 1-800 FLOWERS.COM’s FY2018 earnings at $0.48 EPS, Q2 2019 earnings at $0.97 EPS, Q4 2019 earnings at ($0.08) EPS and FY2019 earnings at $0.56 EPS.
Several other equities analysts have also recently commented on FLWS. Zacks Investment Research cut shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research report on Monday. DA Davidson reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $11.00) on shares of 1-800 FLOWERS.COM in a research report on Monday. Benchmark Co. reaffirmed a “buy” rating and set a $13.00 price target on shares of 1-800 FLOWERS.COM in a research report on Wednesday, August 23rd. BidaskClub raised shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, FBR & Co set a $13.00 price target on shares of 1-800 FLOWERS.COM and gave the stock a “buy” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. 1-800 FLOWERS.COM currently has an average rating of “Buy” and a consensus target price of $12.14.
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1-800 FLOWERS.COM (NASDAQ FLWS) opened at 8.90 on Monday. The firm has a market capitalization of $580.76 million, a price-to-earnings ratio of 13.69 and a beta of 1.58. The company’s 50-day moving average price is $9.29 and its 200 day moving average price is $9.89. 1-800 FLOWERS.COM has a 12 month low of $7.80 and a 12 month high of $11.40.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. 1-800 FLOWERS.COM had a net margin of 3.69% and a return on equity of 10.96%. The business had revenue of $239.50 million for the quarter, compared to analyst estimates of $245.38 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in 1-800 FLOWERS.COM by 67.1% in the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 3,929 shares during the period. Alambic Investment Management L.P. acquired a new stake in 1-800 FLOWERS.COM during the first quarter valued at $104,000. Cigna Investments Inc. New acquired a new stake in 1-800 FLOWERS.COM during the second quarter valued at $120,000. Nine Chapters Capital Management LLC raised its stake in 1-800 FLOWERS.COM by 9.6% in the first quarter. Nine Chapters Capital Management LLC now owns 12,600 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 1,100 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in 1-800 FLOWERS.COM during the first quarter valued at $130,000. 34.06% of the stock is currently owned by institutional investors and hedge funds.
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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