1-800 FLOWERS.COM (NASDAQ:FLWS) announced that its board has authorized a share buyback plan, which authorizes the company to repurchase $15.00 million in shares on Wednesday, September 6th, EventVestor reports. This repurchase authorization authorizes the specialty retailer to repurchase 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 stock is undervalued.

FLWS has been the subject of a number of recent research reports. Zacks Investment Research downgraded 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Monday, August 28th. BidaskClub upgraded 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. FBR & Co set a $13.00 price objective on 1-800 FLOWERS.COM and gave the company a “buy” rating in a report on Monday, August 21st. DA Davidson restated a “neutral” rating and issued a $9.00 price objective (down from $11.00) on shares of 1-800 FLOWERS.COM in a report on Monday, August 28th. Finally, Noble Financial restated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.14.

1-800 FLOWERS.COM (NASDAQ:FLWS) remained flat at $9.25 during trading on Thursday. The stock had a trading volume of 19,276 shares. The stock’s 50 day moving average is $9.17 and its 200 day moving average is $9.84. 1-800 FLOWERS.COM has a 52 week low of $7.80 and a 52 week high of $11.40. The company has a market capitalization of $603.60 million, a PE ratio of 14.23 and a beta of 1.60.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $245.38 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. 1-800 FLOWERS.COM’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that 1-800 FLOWERS.COM will post $0.47 earnings per share for the current fiscal year.

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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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