1-800-Flowers.Com (NASDAQ:FLWS) Rating Lowered to Strong Sell at BidaskClub

1-800-Flowers.Com (NASDAQ:FLWS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

FLWS has been the subject of several other reports. Noble Financial set a $25.00 target price on 1-800-Flowers.Com and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. ValuEngine upgraded 1-800-Flowers.Com from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. TheStreet cut 1-800-Flowers.Com from a “b-” rating to a “c+” rating in a report on Friday, August 30th. Finally, DA Davidson set a $25.00 target price on 1-800-Flowers.Com and gave the company a “buy” rating in a report on Monday, August 26th. Three equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.67.

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

1-800-Flowers.Com (NASDAQ:FLWS) last issued its earnings results on Thursday, October 31st. The specialty retailer reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.04. The company had revenue of $187.26 million during the quarter, compared to analysts’ expectations of $181.27 million. 1-800-Flowers.Com had a return on equity of 10.53% and a net margin of 2.90%. 1-800-Flowers.Com’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) EPS. Sell-side analysts expect that 1-800-Flowers.Com will post 0.58 EPS for the current year.

In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $15.14, for a total value of $378,500.00. Following the completion of the sale, the chief executive officer now owns 943,328 shares in the company, valued at approximately $14,281,985.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 62.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLWS. Bessemer Group Inc. lifted its holdings in 1-800-Flowers.Com by 14.4% in the 2nd quarter. Bessemer Group Inc. now owns 84,900 shares of the specialty retailer’s stock worth $1,603,000 after buying an additional 10,700 shares during the period. Joseph P. Lucia & Associates LLC bought a new position in shares of 1-800-Flowers.Com in the 2nd quarter worth approximately $229,000. Convergence Investment Partners LLC bought a new position in shares of 1-800-Flowers.Com in the 2nd quarter worth approximately $196,000. Bowling Portfolio Management LLC bought a new position in shares of 1-800-Flowers.Com in the 2nd quarter worth approximately $1,487,000. Finally, SG Americas Securities LLC raised its position in shares of 1-800-Flowers.Com by 181.2% in the 2nd quarter. SG Americas Securities LLC now owns 15,690 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 10,111 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

1-800-Flowers.Com Company Profile

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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