DA Davidson Issues Positive Forecast for 1-800-FLOWERS.COM (NASDAQ:FLWS) Stock Price

1-800-FLOWERS.COM (NASDAQ:FLWSGet Free Report) had its price target boosted by equities research analysts at DA Davidson from $7.00 to $7.50 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. DA Davidson’s target price would suggest a potential downside of 9.86% from the company’s current price.

1-800-FLOWERS.COM Stock Up 3.9 %

Shares of NASDAQ FLWS traded up $0.31 during trading on Thursday, hitting $8.32. The stock had a trading volume of 723,498 shares, compared to its average volume of 311,416. 1-800-FLOWERS.COM has a 12 month low of $7.14 and a 12 month high of $11.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.69 and a quick ratio of 0.92. The company has a market capitalization of $534.23 million, a PE ratio of -69.33, a PEG ratio of 3.15 and a beta of 1.62. The firm has a fifty day moving average of $8.01 and a two-hundred day moving average of $8.94.

1-800-FLOWERS.COM (NASDAQ:FLWSGet Free Report) last posted its earnings results on Thursday, August 29th. The specialty retailer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.07). 1-800-FLOWERS.COM had a positive return on equity of 2.45% and a negative net margin of 0.33%. The firm had revenue of $360.90 million during the quarter, compared to the consensus estimate of $374.40 million. During the same quarter in the previous year, the company earned ($0.28) EPS. The business’s revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that 1-800-FLOWERS.COM will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

A number of hedge funds and other institutional investors have recently made changes to their positions in FLWS. Acadian Asset Management LLC boosted its holdings in shares of 1-800-FLOWERS.COM by 1,585.9% in the 2nd quarter. Acadian Asset Management LLC now owns 376,131 shares of the specialty retailer’s stock worth $3,576,000 after buying an additional 353,821 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of 1-800-FLOWERS.COM by 37.7% in the 2nd quarter. American Century Companies Inc. now owns 557,420 shares of the specialty retailer’s stock worth $5,307,000 after buying an additional 152,536 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of 1-800-FLOWERS.COM in the 1st quarter worth about $1,432,000. Dimensional Fund Advisors LP boosted its holdings in shares of 1-800-FLOWERS.COM by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,635,093 shares of the specialty retailer’s stock worth $25,086,000 after buying an additional 129,627 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of 1-800-FLOWERS.COM by 15.7% in the 2nd quarter. Sei Investments Co. now owns 686,961 shares of the specialty retailer’s stock worth $6,540,000 after buying an additional 93,041 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

1-800-FLOWERS.COM Company Profile

(Get Free Report)

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.

Further Reading

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