1-800-Flowers.com Inc. (FLWS) Sees Strong Trading Volume
Shares of 1-800-Flowers.com Inc. (NASDAQ:FLWS) saw unusually-strong trading volume on Tuesday . Approximately 165,546 shares were traded during trading, an increase of 8% from the previous session’s volume of 153,838 shares.The stock last traded at $9.63 and had previously closed at $9.38.
A number of equities research analysts have weighed in on FLWS shares. Wunderlich decreased their target price on 1-800-Flowers.com from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday. B. Riley reaffirmed a “buy” rating and set a $11.00 target price on shares of 1-800-Flowers.com in a research report on Wednesday, April 27th. Craig Hallum started coverage on 1-800-Flowers.com in a research report on Monday, May 9th. They set a “buy” rating and a $15.00 target price for the company. Zacks Investment Research lowered 1-800-Flowers.com from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, Ladenburg Thalmann started coverage on 1-800-Flowers.com in a research report on Wednesday, August 17th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.21.
The company has a market cap of $593.47 million and a price-to-earnings ratio of 16.55. The stock’s 50-day moving average price is $9.32 and its 200 day moving average price is $8.27.
1-800-Flowers.com (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). The business earned $234.40 million during the quarter, compared to analysts’ expectations of $228.18 million. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Analysts anticipate that 1-800-Flowers.com Inc. will post $0.44 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in 1-800-Flowers.com stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in 1-800-Flowers.com Inc. (NASDAQ:FLWS) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 423,350 shares of the company’s stock after buying an additional 43,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.65% of 1-800-Flowers.com worth $3,082,000 at the end of the most recent reporting period.
1-800-FLOWERS.COM, Inc is a florist and gift shop. The Company delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. The Company operates through three segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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