1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)‘s stock had its “buy” rating restated by equities research analysts at Noble Financial in a note issued to investors on Thursday.
The analysts wrote, “Mgmt’s ‘18 guidance will force Street’s EPS estimates lower by 10%-ish, and we now model flattish earnings growth in ’18. This outlook does assume a turn to positive SSS, despite negative trends since 2Q17. This may not prove a conservative SSS base-case with mgm’t now suggesting mall traffic is a 50-100bps annual headwind. This, along with continued cost pressures, causes initial ’18 guidance to be tilted a tad aggressively as analyzed today.””
FLWS has been the subject of several other research reports. FBR & Co set a $13.00 price objective on shares of 1-800 FLOWERS.COM and gave the company a “buy” rating in a research report on Thursday, October 26th. Benchmark Co. restated a “buy” rating and set a $13.00 price objective on shares of 1-800 FLOWERS.COM in a research report on Wednesday, August 23rd. DA Davidson restated a “neutral” rating and set a $9.00 price objective (down previously from $11.00) on shares of 1-800 FLOWERS.COM in a research report on Monday, August 28th. BidaskClub lowered shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $12.17.
1-800 FLOWERS.COM (NASDAQ FLWS) traded down $0.10 during trading hours on Thursday, hitting $9.50. 240,852 shares of the stock traded hands, compared to its average volume of 140,104. 1-800 FLOWERS.COM has a one year low of $7.80 and a one year high of $11.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 2.06. The company has a market cap of $616.34, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.59.
1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. 1-800 FLOWERS.COM had a net margin of 3.93% and a return on equity of 11.13%. 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 firm posted ($0.24) EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. equities analysts forecast that 1-800 FLOWERS.COM will post 0.46 earnings per share for the current year.
1-800 FLOWERS.COM announced that its board has approved a share repurchase plan on Wednesday, September 6th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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A number of hedge funds have recently bought and sold shares of the business. FDx Advisors Inc. purchased a new stake in 1-800 FLOWERS.COM during the third quarter valued at about $241,000. Prudential Financial Inc. lifted its stake in 1-800 FLOWERS.COM by 2.2% during the third quarter. Prudential Financial Inc. now owns 288,035 shares of the specialty retailer’s stock valued at $2,837,000 after buying an additional 6,130 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in 1-800 FLOWERS.COM by 83.0% during the third quarter. IndexIQ Advisors LLC now owns 84,975 shares of the specialty retailer’s stock valued at $837,000 after buying an additional 38,551 shares in the last quarter. Capital Management Corp VA lifted its stake in 1-800 FLOWERS.COM by 7.7% during the third quarter. Capital Management Corp VA now owns 197,900 shares of the specialty retailer’s stock valued at $1,949,000 after buying an additional 14,080 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in 1-800 FLOWERS.COM by 23.2% during the third quarter. Foundry Partners LLC now owns 575,745 shares of the specialty retailer’s stock valued at $5,671,000 after buying an additional 108,600 shares in the last quarter. 33.84% of the stock is 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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