1-800-FLOWERS.COM (NASDAQ:FLWS) Rating Increased to Buy at StockNews.com

1-800-FLOWERS.COM (NASDAQ:FLWS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, DA Davidson lifted their price objective on shares of 1-800-FLOWERS.COM from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Thursday.

1-800-FLOWERS.COM Price Performance

1-800-FLOWERS.COM stock traded down $0.06 during mid-day trading on Friday, hitting $8.26. The stock had a trading volume of 670,053 shares, compared to its average volume of 313,107. 1-800-FLOWERS.COM has a one year low of $7.14 and a one year high of $11.42. The company has a current ratio of 1.69, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $530.46 million, a P/E ratio of -91.78, a P/E/G ratio of 3.05 and a beta of 1.62. The firm’s 50 day moving average is $7.97 and its 200 day moving average is $8.94.

1-800-FLOWERS.COM (NASDAQ:FLWS) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.02. The firm had revenue of $193.20 million during the quarter, compared to analyst estimates of $246.88 million. 1-800-FLOWERS.COM had a positive return on equity of 2.45% and a negative net margin of 0.33%. The business’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.48) earnings per share. On average, sell-side analysts forecast that 1-800-FLOWERS.COM will post 0.17 earnings per share 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 added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in 1-800-FLOWERS.COM in the 3rd quarter worth approximately $41,000. SG Americas Securities LLC bought a new position in shares of 1-800-FLOWERS.COM during the 3rd quarter valued at approximately $106,000. Allspring Global Investments Holdings LLC raised its holdings in 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 valued at $114,000 after buying an additional 5,173 shares during the period. EntryPoint Capital LLC bought a new stake in 1-800-FLOWERS.COM in the first quarter worth $167,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in 1-800-FLOWERS.COM by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock worth $231,000 after buying an additional 1,287 shares during the period. 38.43% of the stock is owned by institutional investors.

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.