1-800-Flowers.Com (NASDAQ:FLWS) Stock Rating Lowered by BidaskClub

1-800-Flowers.Com (NASDAQ:FLWS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other research analysts also recently commented on the stock. Sidoti raised shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, May 24th. Zacks Investment Research raised shares of 1-800-Flowers.Com from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Thursday, May 2nd. Craig Hallum raised their price target on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Benchmark raised their price target on shares of 1-800-Flowers.Com from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, DA Davidson raised shares of 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $18.25 price target on the stock in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.71.

Shares of FLWS traded up $0.24 during midday trading on Thursday, hitting $19.72. The stock had a trading volume of 121,075 shares, compared to its average volume of 384,341. 1-800-Flowers.Com has a 1 year low of $10.01 and a 1 year high of $21.77. The company has a market cap of $1.25 billion, a P/E ratio of 44.82, a P/E/G ratio of 3.88 and a beta of 1.44. The company has a current ratio of 2.28, a quick ratio of 1.75 and a debt-to-equity ratio of 0.24.

1-800-Flowers.Com (NASDAQ:FLWS) last announced its earnings results on Tuesday, April 30th. The specialty retailer reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. 1-800-Flowers.Com had a net margin of 2.86% and a return on equity of 10.79%. The business had revenue of $248.40 million for the quarter, compared to the consensus estimate of $243.12 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that 1-800-Flowers.Com will post 0.5 earnings per share for the current fiscal year.

In other 1-800-Flowers.Com news, CEO Christopher G. Mccann sold 12,500 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $18.65, for a total transaction of $233,125.00. Following the transaction, the chief executive officer now directly owns 943,328 shares in the company, valued at approximately $17,593,067.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher G. Mccann sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. Following the transaction, the chief executive officer now owns 943,328 shares in the company, valued at $16,979,904. The disclosure for this sale can be found here. Insiders sold a total of 137,500 shares of company stock worth $2,578,875 in the last ninety days. 64.42% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of FLWS. Premia Global Advisors LLC bought a new position in 1-800-Flowers.Com during the 1st quarter worth about $32,000. Legal & General Group Plc grew its holdings in 1-800-Flowers.Com by 39.3% during 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 grew its holdings in 1-800-Flowers.Com by 686.0% during 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 bought a new position in 1-800-Flowers.Com during the 1st quarter worth about $102,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in 1-800-Flowers.Com by 395.2% during 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. Institutional investors own 36.68% of the company’s stock.

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.

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

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