Other equities research analysts have also recently issued reports about the company. BidaskClub cut 1-800-Flowers.Com from a hold rating to a sell rating in a research note on Tuesday, August 20th. TheStreet cut 1-800-Flowers.Com from a b- rating to a c+ rating in a research note on Friday, August 30th. Zacks Investment Research cut 1-800-Flowers.Com from a buy rating to a hold rating in a research note on Thursday, August 29th. Noble Financial set a $25.00 price objective on 1-800-Flowers.Com and gave the company a buy rating in a research note on Friday, August 23rd. Finally, Sidoti raised 1-800-Flowers.Com from a neutral rating to a buy rating and set a $22.00 price objective for the company in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. 1-800-Flowers.Com has an average rating of Buy and an average target price of $23.67.
Shares of NASDAQ FLWS traded up $0.23 during trading on Friday, reaching $15.25. The stock had a trading volume of 254,305 shares, compared to its average volume of 564,535. 1-800-Flowers.Com has a fifty-two week low of $10.01 and a fifty-two week high of $21.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 2.28. The business’s 50-day moving average price is $17.25 and its 200-day moving average price is $18.44. The company has a market cap of $966.04 million, a P/E ratio of 29.45 and a beta of 1.44.
1-800-Flowers.Com (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.02. 1-800-Flowers.Com had a return on equity of 10.42% and a net margin of 2.78%. The business had revenue of $259.40 million during the quarter, compared to analysts’ expectations of $255.15 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Analysts forecast that 1-800-Flowers.Com will post 0.58 EPS for the current fiscal year.
In related news, CEO Christopher G. Mccann sold 25,000 shares of 1-800-Flowers.Com stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $19.97, for a total value of $499,250.00. Following the completion of the transaction, the chief executive officer now directly owns 943,328 shares in the company, valued at $18,838,260.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher G. Mccann sold 12,500 shares of 1-800-Flowers.Com stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $18.88, for a total value of $236,000.00. Following the sale, the chief executive officer now directly owns 943,328 shares of the company’s stock, valued at $17,810,032.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,500 shares of company stock valued at $3,040,500. 64.42% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intrinsic Edge Capital Management LLC purchased a new stake in 1-800-Flowers.Com during the 2nd quarter worth about $5,973,000. Voloridge Investment Management LLC acquired a new stake in shares of 1-800-Flowers.Com during the second quarter worth about $314,000. Zacks Investment Management increased its position in shares of 1-800-Flowers.Com by 154.1% during the second quarter. Zacks Investment Management now owns 31,880 shares of the specialty retailer’s stock worth $602,000 after purchasing an additional 19,334 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of 1-800-Flowers.Com during the second quarter worth about $12,802,000. Finally, Citadel Advisors LLC increased its position in shares of 1-800-Flowers.Com by 98.0% during the second quarter. Citadel Advisors LLC now owns 370,890 shares of the specialty retailer’s stock worth $7,003,000 after purchasing an additional 183,535 shares in the last quarter. 38.76% of the stock is owned by institutional investors.
1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.
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