1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)‘s stock had its “buy” rating reiterated by analysts at Noble Financial in a report released on Thursday, November 2nd.
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.””
Other research analysts have also recently issued reports about the stock. Benchmark Co. dropped their target price on shares of 1-800 FLOWERS.COM to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. FBR & Co set a $13.00 price target on shares of 1-800 FLOWERS.COM and gave the company a “buy” rating in a research note on Wednesday, November 1st. BidaskClub raised shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, DA Davidson reissued 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. 1-800 FLOWERS.COM has a consensus rating of “Buy” and an average target price of $12.33.
Shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) opened at $9.25 on Thursday. The company has a quick ratio of 0.70, a current ratio of 2.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $577.41, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. 1-800 FLOWERS.COM has a 52 week low of $7.80 and a 52 week high of $11.40.
1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its earnings results on Tuesday, October 31st. The specialty retailer reported ($0.20) EPS for the quarter, topping the 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 11.29%. The company had revenue of $157.35 million during the quarter, compared to the consensus estimate of $157.63 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. equities research analysts predict that 1-800 FLOWERS.COM will post 0.46 EPS for the current year.
1-800 FLOWERS.COM announced that its Board of Directors has approved a share repurchase program on Wednesday, September 6th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of 1-800 FLOWERS.COM by 67.1% in the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock worth $100,000 after buying an additional 3,929 shares during the last quarter. Cigna Investments Inc. New purchased a new position in 1-800 FLOWERS.COM during the second quarter valued at approximately $120,000. Karp Capital Management Corp purchased a new position in 1-800 FLOWERS.COM during the first quarter valued at approximately $130,000. American International Group Inc. lifted its holdings in 1-800 FLOWERS.COM by 7.1% during the first quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 1,066 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in 1-800 FLOWERS.COM by 31.7% during the first quarter. Russell Investments Group Ltd. now owns 18,906 shares of the specialty retailer’s stock valued at $192,000 after purchasing an additional 4,546 shares in the last quarter. 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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