1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) announced its quarterly earnings data on Tuesday. The specialty retailer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01, Briefing.com reports. 1-800 FLOWERS.COM had a net margin of 3.69% and a return on equity of 10.76%. The company had revenue of $157.35 million during the quarter, compared to analyst estimates of $157.63 million. During the same quarter last year, the business posted ($0.24) EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. 1-800 FLOWERS.COM updated its FY18 guidance to $0.46-0.48 EPS.
FLWS has been the subject of a number of research analyst reports. Benchmark Co. decreased their price objective on shares of 1-800 FLOWERS.COM to $13.00 and set a “buy” rating for the company in a report on Wednesday. FBR & Co set a $13.00 price objective on shares of 1-800 FLOWERS.COM and gave the company a “buy” rating in a report on Wednesday. Noble Financial restated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. BidaskClub upgraded shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, DA Davidson restated a “neutral” rating and issued a $9.00 price target (down previously from $11.00) on shares of 1-800 FLOWERS.COM in a report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.17.
1-800 FLOWERS.COM announced that its board has approved a stock repurchase plan on Wednesday, September 6th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the specialty retailer to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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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