1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) had its price objective decreased by stock analysts at Benchmark Co. to $13.00 in a research note issued to investors on Wednesday, November 1st. The firm presently has a “buy” rating on the specialty retailer’s stock. Benchmark Co.’s price objective points to a potential upside of 41.30% from the company’s current price.
The analysts wrote, “We would caution, however, that given the large revenue base for H&D, we are only expecting 2% revenue growth next quarter, with a return to 5% growth in the after the holiday period more indicative of the expansion path for the segment. The only fly in the ointment was a 15% y/y reduction in Consumer Floral EBITDA, reflecting increased investment in technology and analytics, along with some market testing ahead of C4Q.””
Other analysts have also recently issued reports about the stock. FBR & Co assumed coverage on shares of 1-800 FLOWERS.COM in a report on Tuesday, July 11th. They set an “outperform” rating and a $13.00 price target for the company. BidaskClub cut shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. DA Davidson restated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of 1-800 FLOWERS.COM in a report on Monday, August 28th. Noble Financial restated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. Finally, 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. 1-800 FLOWERS.COM has a consensus rating of “Buy” and an average price target of $12.33.
1-800 FLOWERS.COM (NASDAQ:FLWS) traded up $0.05 during trading on Wednesday, reaching $9.20. 158,400 shares of the company’s stock traded hands, compared to its average volume of 157,896. 1-800 FLOWERS.COM has a 52-week low of $7.80 and a 52-week high of $11.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 2.15. The firm has a market cap of $596.88, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced 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 analysts’ expectations of $157.63 million. During the same period last year, the company posted ($0.24) earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. equities research analysts anticipate that 1-800 FLOWERS.COM will post 0.46 earnings per share for the current year.
1-800 FLOWERS.COM declared that its board has approved a share buyback plan on Wednesday, September 6th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in 1-800 FLOWERS.COM by 67.1% during the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 3,929 shares during the period. Cigna Investments Inc. New bought a new position in 1-800 FLOWERS.COM during the second quarter worth $120,000. Karp Capital Management Corp bought a new position in 1-800 FLOWERS.COM during the first quarter worth $130,000. American International Group Inc. increased its position 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 worth $164,000 after acquiring an additional 1,066 shares during the period. Finally, Russell Investments Group Ltd. increased its position 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 worth $192,000 after acquiring an additional 4,546 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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