Somewhat Positive Press Coverage Somewhat Unlikely to Impact 1-800 FLOWERS.COM (FLWS) Stock Price
Media stories about 1-800 FLOWERS.COM (NASDAQ:FLWS) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 1-800 FLOWERS.COM earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 47.528031133912 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of 1-800 FLOWERS.COM (NASDAQ FLWS) remained flat at $9.85 during trading on Friday. 89,177 shares of the company’s stock traded hands. The firm has a market cap of $639.05 million, a PE ratio of 15.15 and a beta of 1.60. 1-800 FLOWERS.COM has a one year low of $7.80 and a one year high of $11.40. The company’s 50-day moving average is $9.14 and its 200 day moving average is $9.81.
1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 10.76%. 1-800 FLOWERS.COM’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, equities analysts expect that 1-800 FLOWERS.COM will post $0.47 EPS for the current fiscal year.
1-800 FLOWERS.COM announced that its board has initiated a share buyback plan on Wednesday, September 6th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the specialty retailer to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. 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 note on Monday, August 21st. DA Davidson assumed coverage on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 14th. They set a “neutral” rating and a $11.00 price target on the stock. Benchmark Co. reaffirmed a “buy” rating and set a $13.00 price target on shares of 1-800 FLOWERS.COM in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.14.
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About 1-800 FLOWERS.COM
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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