1-800-FLOWERS.COM (NASDAQ:FLWS – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Separately, DA Davidson raised their price target on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday.
View Our Latest Research Report on FLWS
1-800-FLOWERS.COM Stock Performance
1-800-FLOWERS.COM (NASDAQ:FLWS – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.02. 1-800-FLOWERS.COM had a negative net margin of 0.33% and a positive return on equity of 2.45%. The firm had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $246.88 million. During the same period in the previous year, the company earned ($0.48) earnings per share. The firm’s quarterly revenue was down 28.2% on a year-over-year basis. On average, equities analysts forecast that 1-800-FLOWERS.COM will post 0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On 1-800-FLOWERS.COM
Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in 1-800-FLOWERS.COM during the third quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new stake in shares of 1-800-FLOWERS.COM in the 3rd quarter worth $106,000. Allspring Global Investments Holdings LLC raised its holdings in 1-800-FLOWERS.COM by 96.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 5,173 shares during the period. EntryPoint Capital LLC purchased a new position in 1-800-FLOWERS.COM during the first quarter valued at $167,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in 1-800-FLOWERS.COM by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 1,287 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.
1-800-FLOWERS.COM Company Profile
1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.
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