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1-800-FLOWERS.COM (NASDAQ:FLWS) Price Target Cut to $13.00

kopsource ·  Sep 10, 2022 03:31

1-800-FLOWERS.COM (NASDAQ:FLWS – Get Rating) had its target price trimmed by Noble Financial to $13.00 in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.

FLWS has been the subject of several other reports. Craig Hallum lowered their price target on shares of 1-800-FLOWERS.COM to $8.00 in a report on Tuesday. Benchmark decreased their price objective on 1-800-FLOWERS.COM from $17.00 to $13.00 and set a buy rating for the company in a report on Friday, September 2nd. StockNews.com downgraded 1-800-FLOWERS.COM from a hold rating to a sell rating in a report on Wednesday, August 31st. Finally, DA Davidson decreased their price objective on 1-800-FLOWERS.COM from $9.25 to $7.00 and set a neutral rating for the company in a report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $10.25.

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1-800-FLOWERS.COM Stock Up 0.3 %

Shares of NASDAQ:FLWS opened at $6.83 on Tuesday. The company has a fifty day moving average of $9.59 and a 200-day moving average of $11.12. The company has a market capitalization of $440.92 million, a PE ratio of 15.52 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 1.43. 1-800-FLOWERS.COM has a 52-week low of $6.47 and a 52-week high of $35.72.

1-800-FLOWERS.COM (NASDAQ:FLWS – Get Rating) last announced its quarterly earnings results on Thursday, September 1st. The specialty retailer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.12). The company had revenue of $485.90 million for the quarter, compared to analyst estimates of $486.81 million. 1-800-FLOWERS.COM had a return on equity of 6.21% and a net margin of 1.34%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. On average, equities analysts predict that 1-800-FLOWERS.COM will post 0.45 EPS for the current fiscal year.

Institutional Trading of 1-800-FLOWERS.COM

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in 1-800-FLOWERS.COM during the 4th quarter worth about $30,000. Byrne Asset Management LLC bought a new position in shares of 1-800-FLOWERS.COM during the 1st quarter worth about $26,000. Eagle Bay Advisors LLC boosted its position in shares of 1-800-FLOWERS.COM by 222.0% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,866 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 1,976 shares in the last quarter. Amalgamated Bank bought a new position in shares of 1-800-FLOWERS.COM during the 1st quarter worth about $56,000. Finally, UBS Group AG boosted its position in shares of 1-800-FLOWERS.COM by 3,450.7% during the 2nd quarter. UBS Group AG now owns 5,326 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 5,176 shares in the last quarter. 37.61% of the stock is currently owned by institutional investors and hedge funds.

About 1-800-FLOWERS.COM

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1-800-FLOWERS.COM, Inc, together with its subsidiaries, 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, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.

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