1-800-FLOWERS.COM (NASDAQ:FLWS) Upgraded 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 released on Friday.

Separately, DA Davidson boosted 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, October 31st.

1-800-FLOWERS.COM Trading Down 1.0 %

Shares of NASDAQ FLWS opened at $8.18 on Friday. The business’s 50 day moving average is $7.97 and its two-hundred day moving average is $8.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.69 and a quick ratio of 0.92. 1-800-FLOWERS.COM has a 1-year low of $7.14 and a 1-year high of $11.42. The stock has a market capitalization of $525.32 million, a P/E ratio of -58.43, a PEG ratio of 3.17 and a beta of 1.61.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.02. 1-800-FLOWERS.COM had a positive return on equity of 2.04% and a negative net margin of 0.50%. The business had revenue of $193.20 million during the quarter, compared to analyst estimates of $246.88 million. During the same quarter in the previous year, the business earned ($0.48) earnings per share. The company’s revenue for the quarter was down 28.2% compared to the same quarter last year. As a group, research analysts expect that 1-800-FLOWERS.COM will post 0.17 EPS for the current year.

Insider Activity at 1-800-FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $7.80, for a total value of $312,000.00. Following the completion of the sale, the insider now owns 3,674,364 shares in the company, valued at approximately $28,660,039.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 49.77% of the stock is owned by company insiders.

Institutional Trading of 1-800-FLOWERS.COM

A number of hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in shares of 1-800-FLOWERS.COM in the 3rd quarter valued at $41,000. SG Americas Securities LLC acquired a new stake in 1-800-FLOWERS.COM during the 3rd quarter worth about $106,000. Allspring Global Investments Holdings LLC boosted its stake in shares of 1-800-FLOWERS.COM by 96.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 5,173 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of 1-800-FLOWERS.COM during the 1st quarter worth about $167,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of 1-800-FLOWERS.COM by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

About 1-800-FLOWERS.COM

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.