November 10, 2019 at 4:25 pm

1-800-Flowers.Com (NASDAQ:FLWS) Downgraded by BidaskClub to “Strong Sell”

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BidaskClub downgraded shares of 1-800-Flowers.Com (NASDAQ:FLWS) from a sell rating to a strong sell rating in a report released on Wednesday morning, BidAskClub reports.

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A number of other analysts have also commented on FLWS. Zacks Investment Research lowered 1-800-Flowers.Com from a hold rating to a sell rating in a research note on Thursday, October 24th. TheStreet lowered 1-800-Flowers.Com from a b- rating to a c+ rating in a research note on Friday, August 30th. ValuEngine raised 1-800-Flowers.Com from a strong sell rating to a sell rating in a research note on Friday, November 1st. DA Davidson set a $25.00 price objective on 1-800-Flowers.Com and gave the company a buy rating in a research note on Monday, August 26th. Finally, Noble Financial set a $25.00 price target on 1-800-Flowers.Com and gave the stock a buy rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating and six have given a buy rating to the company. 1-800-Flowers.Com currently has a consensus rating of Hold and a consensus price target of $23.67.

Shares of FLWS stock traded down $0.09 during trading hours on Wednesday, hitting $13.21. The stock had a trading volume of 324,800 shares, compared to its average volume of 370,689. The stock’s 50 day moving average is $14.05 and its 200 day moving average is $17.28. The firm has a market capitalization of $841.05 million, a PE ratio of 25.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.65. 1-800-Flowers.Com has a twelve month low of $10.84 and a twelve month high of $21.77.

1-800-Flowers.Com (NASDAQ:FLWS) last posted its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04. The business had revenue of $187.26 million for the quarter, compared to analyst estimates of $181.27 million. 1-800-Flowers.Com had a return on equity of 10.53% and a net margin of 2.90%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.27) earnings per share. As a group, equities analysts predict that 1-800-Flowers.Com will post 0.58 earnings per share for the current year.

In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $15.14, for a total value of $378,500.00. Following the sale, the chief executive officer now directly owns 943,328 shares of the company’s stock, valued at approximately $14,281,985.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 62.87% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. First Mercantile Trust Co. boosted its stake in 1-800-Flowers.Com by 9.6% in the 3rd quarter. First Mercantile Trust Co. now owns 9,520 shares of the specialty retailer’s stock worth $141,000 after buying an additional 835 shares during the last quarter. Hancock Whitney Corp acquired a new stake in 1-800-Flowers.Com in the 3rd quarter worth about $161,000. State of Tennessee Treasury Department lifted its stake in shares of 1-800-Flowers.Com by 18.6% in the 3rd quarter. State of Tennessee Treasury Department now owns 12,267 shares of the specialty retailer’s stock valued at $181,000 after purchasing an additional 1,920 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of 1-800-Flowers.Com in the 2nd quarter valued at about $196,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of 1-800-Flowers.Com in the 2nd quarter valued at about $229,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

About 1-800-Flowers.Com

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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