1-800-FLOWERS.COM (NASDAQ:FLWS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of 1-800-FLOWERS.COM (NASDAQ:FLWS) from a hold rating to a buy rating in a report published on Friday.

Separately, DA Davidson raised their target price on 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday.

1-800-FLOWERS.COM Stock Performance

FLWS traded down $0.06 during midday trading on Friday, hitting $8.26. 670,053 shares of the company were exchanged, compared to its average volume of 313,107. The company’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $8.94. The firm has a market capitalization of $530.46 million, a price-to-earnings ratio of -91.78, a price-to-earnings-growth ratio of 3.05 and a beta of 1.62. The company has a current ratio of 1.69, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38. 1-800-FLOWERS.COM has a 1-year low of $7.14 and a 1-year high of $11.42.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.02. The company had revenue of $193.20 million for the quarter, compared to the consensus estimate of $246.88 million. 1-800-FLOWERS.COM had a positive return on equity of 2.45% and a negative net margin of 0.33%. The firm’s revenue for the quarter was down 28.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.48) EPS. As a group, sell-side analysts predict that 1-800-FLOWERS.COM will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

Several institutional investors and hedge funds have recently modified their holdings of the business. Rice Hall James & Associates LLC increased its stake in shares of 1-800-FLOWERS.COM by 23.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 218,811 shares of the specialty retailer’s stock valued at $1,735,000 after purchasing an additional 41,737 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in 1-800-FLOWERS.COM by 3.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 44,533 shares of the specialty retailer’s stock worth $353,000 after buying an additional 1,472 shares in the last quarter. nVerses Capital LLC purchased a new stake in 1-800-FLOWERS.COM during the 3rd quarter worth approximately $41,000. SG Americas Securities LLC purchased a new stake in 1-800-FLOWERS.COM during the 3rd quarter worth approximately $106,000. Finally, AQR Capital Management LLC increased its stake in 1-800-FLOWERS.COM by 55.1% during the 2nd quarter. AQR Capital Management LLC now owns 136,020 shares of the specialty retailer’s stock worth $1,295,000 after buying an additional 48,321 shares in the last quarter. 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.