1-800 FLOWERS.COM (FLWS) Reaches New 52-Week High at $11.55

1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.55 and last traded at $11.40, with a volume of 82100 shares traded. The stock had previously closed at $11.25.

FLWS has been the subject of several research reports. Noble Financial reiterated a “buy” rating on shares of 1-800 FLOWERS.COM in a research note on Friday, September 1st. Zacks Investment Research lowered shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. TheStreet lowered shares of 1-800 FLOWERS.COM from a “b” rating to a “c+” rating in a research note on Monday, November 13th. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of 1-800 FLOWERS.COM in a research note on Wednesday, August 23rd. Finally, Northcoast Research restated a “buy” rating on shares of 1-800 FLOWERS.COM in a research note on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $12.33.

The firm has a market capitalization of $727.02, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.58. The company has a current ratio of 2.15, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

1-800 FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. The business had revenue of $157.35 million during the quarter, compared to analyst estimates of $157.63 million. 1-800 FLOWERS.COM had a net margin of 3.93% and a return on equity of 11.29%. 1-800 FLOWERS.COM’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned ($0.24) EPS. equities research analysts anticipate that 1-800 FLOWERS.COM, Inc. will post 0.46 earnings per share for the current fiscal year.

1-800 FLOWERS.COM announced that its board has authorized a share repurchase plan on Wednesday, September 6th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in shares of 1-800 FLOWERS.COM by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 33,066 shares of the specialty retailer’s stock valued at $322,000 after acquiring an additional 415 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 1-800 FLOWERS.COM by 2.3% during the 2nd quarter. Wells Fargo & Company MN now owns 21,551 shares of the specialty retailer’s stock valued at $211,000 after acquiring an additional 488 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of 1-800 FLOWERS.COM by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 106,451 shares of the specialty retailer’s stock valued at $1,038,000 after acquiring an additional 665 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of 1-800 FLOWERS.COM by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,502 shares of the specialty retailer’s stock valued at $1,623,000 after acquiring an additional 803 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in shares of 1-800 FLOWERS.COM by 5.2% during the 2nd quarter. Nationwide Fund Advisors now owns 21,803 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 34.76% of the company’s stock.

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About 1-800 FLOWERS.COM

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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