1-800-Flowers.Com (NASDAQ:FLWS) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of 1-800-Flowers.Com (NASDAQ:FLWS) from a hold rating to a buy rating in a research report released on Tuesday, Zacks.com reports. They currently have $21.00 price objective on the specialty retailer’s stock.

According to Zacks, “1-800-FLOWERS.COM, Inc. is a leading e-commerce provider of floral products and gifts, in terms of number of customers and revenue. With the development of the company’s online business and a strategic acquisition, they have continuously expanded their product offerings, most recently to include gourmet foods and home and garden merchandise. As a result, the company has developed relationships with customers who purchase products not only for gifting occasions but also for everyday consumption. “

Other equities analysts have also issued reports about the company. Benchmark upgraded from a hold rating to a buy rating in a research note on Wednesday, May 1st. Sidoti set a $9.00 price target on Kirkland’s and gave the company a buy rating in a research note on Friday, May 24th. BidaskClub upgraded DENTSPLY SIRONA from a buy rating to a strong-buy rating in a research note on Thursday, June 13th. DA Davidson initiated coverage on LYFT in a research note on Tuesday, March 19th. They set a buy rating and a $75.00 price target on the stock. Finally, Craig Hallum boosted their price target on 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $21.21.

Shares of 1-800-Flowers.Com stock traded down $0.11 during trading on Tuesday, reaching $19.64. The company’s stock had a trading volume of 24,205 shares, compared to its average volume of 326,200. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 2.28. The stock has a fifty day moving average price of $19.15. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. 1-800-Flowers.Com has a one year low of $10.01 and a one year high of $21.77.

1-800-Flowers.Com (NASDAQ:FLWS) last posted its quarterly earnings data on Tuesday, April 30th. The specialty retailer reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. The business had revenue of $248.40 million for the quarter, compared to analyst estimates of $243.12 million. 1-800-Flowers.Com had a return on equity of 10.79% and a net margin of 2.86%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) earnings per share. On average, equities research analysts anticipate that 1-800-Flowers.Com will post 0.5 EPS for the current fiscal year.

In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 25,000 shares of 1-800-Flowers.Com stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $20.04, for a total transaction of $501,000.00. Following the sale, the chief executive officer now directly owns 943,328 shares of the company’s stock, valued at $18,904,293.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher G. Mccann sold 12,500 shares of 1-800-Flowers.Com stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $18.88, for a total value of $236,000.00. Following the sale, the chief executive officer now directly owns 943,328 shares in the company, valued at $17,810,032.64. The disclosure for this sale can be found here. Insiders have sold 150,000 shares of company stock worth $2,869,375 over the last ninety days. Company insiders own 64.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLWS. Legal & General Group Plc boosted its holdings in shares of 1-800-Flowers.Com by 39.3% in the 4th quarter. Legal & General Group Plc now owns 5,338 shares of the specialty retailer’s stock worth $65,000 after acquiring an additional 1,506 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of 1-800-Flowers.Com by 686.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,549 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 4,843 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of 1-800-Flowers.Com in the 1st quarter worth approximately $102,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of 1-800-Flowers.Com by 395.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,978 shares of the specialty retailer’s stock worth $110,000 after acquiring an additional 7,165 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in shares of 1-800-Flowers.Com in the 1st quarter worth approximately $149,000. 36.68% of the stock is currently owned by 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.

Featured Article: Return on Investment (ROI) Defined, Explained

Get a free copy of the Zacks research report on 1-800-Flowers.Com (FLWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for 1-800-Flowers.Com (NASDAQ:FLWS)

Receive News & Ratings for 1-800-Flowers.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1-800-Flowers.Com and related companies with MarketBeat.com's FREE daily email newsletter.