Equities research analysts expect that 1-800-Flowers.Com Inc (NASDAQ:FLWS) will post sales of $554.50 million for the current quarter, according to Zacks. Two analysts have issued estimates for 1-800-Flowers.Com’s earnings, with the highest sales estimate coming in at $557.50 million and the lowest estimate coming in at $551.50 million. 1-800-Flowers.Com reported sales of $526.09 million during the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 30th.
According to Zacks, analysts expect that 1-800-Flowers.Com will report full-year sales of $1.22 billion for the current financial year, with estimates ranging from $1.21 billion to $1.23 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for 1-800-Flowers.Com.
1-800-Flowers.Com (NASDAQ:FLWS) last released its earnings results on Thursday, November 1st. The specialty retailer reported ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.03. 1-800-Flowers.Com had a net margin of 3.16% and a return on equity of 7.82%. The business had revenue of $169.50 million during the quarter, compared to analyst estimates of $165.59 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on FLWS shares. Cann reaffirmed a “sell” rating on shares of 1-800-Flowers.Com in a report on Monday, October 15th. Zacks Investment Research raised shares of 1-800-Flowers.Com from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. BidaskClub lowered shares of 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a report on Friday, October 26th. ValuEngine raised shares of 1-800-Flowers.Com from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Finally, Benchmark reissued a “buy” rating and issued a $16.00 price objective (up previously from $14.00) on shares of 1-800-Flowers.Com in a report on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.50.
Shares of 1-800-Flowers.Com stock traded down $0.03 during trading hours on Tuesday, reaching $12.95. 222,500 shares of the company’s stock were exchanged, compared to its average volume of 193,780. 1-800-Flowers.Com has a 1 year low of $8.85 and a 1 year high of $15.00. The firm has a market capitalization of $859.05 million, a price-to-earnings ratio of 29.43, a PEG ratio of 3.24 and a beta of 1.11. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 0.29.
In related news, Director Leonard J. Elmore sold 3,234 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $12.96, for a total value of $41,912.64. Following the completion of the sale, the director now owns 42,487 shares of the company’s stock, valued at $550,631.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher G. Mccann sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $11.83, for a total transaction of $177,450.00. The disclosure for this sale can be found here. Insiders sold 111,984 shares of company stock valued at $1,361,950 in the last three months. 64.42% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FLWS. Penserra Capital Management LLC grew its holdings in shares of 1-800-Flowers.Com by 20.2% in the third quarter. Penserra Capital Management LLC now owns 1,362,117 shares of the specialty retailer’s stock valued at $16,072,000 after purchasing an additional 229,140 shares during the period. Millennium Management LLC purchased a new position in 1-800-Flowers.Com during the second quarter worth about $1,966,000. BlackRock Inc. boosted its stake in 1-800-Flowers.Com by 6.8% during the second quarter. BlackRock Inc. now owns 1,846,015 shares of the specialty retailer’s stock worth $23,168,000 after buying an additional 118,144 shares during the period. Northern Trust Corp boosted its stake in 1-800-Flowers.Com by 9.4% during the second quarter. Northern Trust Corp now owns 366,945 shares of the specialty retailer’s stock worth $4,605,000 after buying an additional 31,595 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in 1-800-Flowers.Com by 159.1% during the first quarter. Russell Investments Group Ltd. now owns 37,213 shares of the specialty retailer’s stock worth $440,000 after buying an additional 22,853 shares during the period. 33.17% of the stock is owned by hedge funds and other institutional investors.
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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