Brokerages Set 1-800 FLOWERS.COM, Inc. (FLWS) Target Price at $12.17
Shares of 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. 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. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.17.
A number of research analysts recently commented on FLWS shares. DA Davidson started coverage on 1-800 FLOWERS.COM in a research note on Wednesday, June 14th. They issued a “neutral” rating and a $11.00 price target for the company. FBR & Co started coverage on 1-800 FLOWERS.COM in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $13.00 price target for the company. BidaskClub downgraded 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Benchmark Co. reaffirmed a “buy” rating and issued 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 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Monday, August 28th.
1-800 FLOWERS.COM (FLWS) traded down 1.01% during midday trading on Friday, hitting $9.80. 106,448 shares of the stock traded hands. 1-800 FLOWERS.COM has a 12-month low of $7.80 and a 12-month high of $11.40. The firm’s 50 day moving average is $9.30 and its 200-day moving average is $9.81. The stock has a market capitalization of $635.80 million, a PE ratio of 15.08 and a beta of 1.61.
1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The company 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%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. On average, analysts anticipate that 1-800 FLOWERS.COM will post $0.47 EPS for the current fiscal year.
1-800 FLOWERS.COM declared that its board has initiated a share buyback plan on Wednesday, September 6th that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in 1-800 FLOWERS.COM by 1.9% in the first quarter. Wells Fargo & Company MN now owns 21,063 shares of the specialty retailer’s stock valued at $215,000 after acquiring an additional 400 shares during the last quarter. Rhumbline Advisers grew its position in 1-800 FLOWERS.COM by 1.3% in the second quarter. Rhumbline Advisers now owns 33,066 shares of the specialty retailer’s stock valued at $322,000 after acquiring an additional 415 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in 1-800 FLOWERS.COM by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 106,451 shares of the specialty retailer’s stock valued at $1,038,000 after acquiring an additional 665 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in 1-800 FLOWERS.COM by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 166,502 shares of the specialty retailer’s stock valued at $1,623,000 after acquiring an additional 803 shares during the last quarter. Finally, American International Group Inc. grew its position in 1-800 FLOWERS.COM by 7.1% in the first quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 1,066 shares during the last quarter. Hedge funds and other institutional investors own 34.30% of the company’s stock.
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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