1-800-Flowers.Com Inc (FLWS) Receives Average Recommendation of “Buy” from Brokerages
Shares of 1-800-Flowers.Com Inc (NASDAQ:FLWS) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.17.
FLWS has been the topic of several recent analyst reports. Benchmark Co. reaffirmed a “buy” rating and issued a $13.00 price target on shares of 1-800-Flowers.Com in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Monday, August 28th. BidaskClub raised shares of 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 target on shares of 1-800-Flowers.Com and gave the company a “buy” rating in a report on Monday, August 21st. Finally, Noble Financial reaffirmed a “buy” rating on shares of 1-800-Flowers.Com in a report on Friday, September 1st.
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Shares of 1-800-Flowers.Com (NASDAQ:FLWS) traded down 0.53% during midday trading on Wednesday, reaching $9.35. 204,600 shares of the company traded hands. 1-800-Flowers.Com has a 12 month low of $7.80 and a 12 month high of $11.40. The company has a 50 day moving average of $9.15 and a 200 day moving average of $9.84. The firm has a market capitalization of $610.12 million, a P/E ratio of 14.38 and a beta of 1.60.
1-800-Flowers.Com (NASDAQ:FLWS) last posted 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. 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 3.35% and a return on equity of 11.53%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) earnings per share. On average, equities research analysts predict that 1-800-Flowers.Com will post $0.47 earnings per share for the current fiscal year.
1-800-Flowers.Com announced that its Board of Directors has authorized a share buyback program on Wednesday, September 6th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Large investors have recently modified their holdings of the business. Prudential Financial Inc. raised its holdings in shares of 1-800-Flowers.Com by 1.3% during the first quarter. Prudential Financial Inc. now owns 275,475 shares of the specialty retailer’s stock worth $2,810,000 after purchasing an additional 3,600 shares during the period. Northpointe Capital LLC raised its holdings in shares of 1-800-Flowers.Com by 35.6% during the second quarter. Northpointe Capital LLC now owns 1,365,113 shares of the specialty retailer’s stock worth $13,310,000 after purchasing an additional 358,281 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of 1-800-Flowers.Com by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 644,400 shares of the specialty retailer’s stock worth $6,573,000 after purchasing an additional 4,400 shares during the period. North Star Investment Management Corp. raised its holdings in shares of 1-800-Flowers.Com by 63.0% during the second quarter. North Star Investment Management Corp. now owns 207,730 shares of the specialty retailer’s stock worth $2,025,000 after purchasing an additional 80,325 shares during the period. Finally, Teachers Advisors LLC raised its holdings in shares of 1-800-Flowers.Com by 4.1% during the fourth quarter. Teachers Advisors LLC now owns 90,239 shares of the specialty retailer’s stock worth $966,000 after purchasing an additional 3,527 shares during the period. 34.06% of the stock is currently owned by institutional investors.
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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