Cann Reiterates Buy Rating for 1-800-Flowers.Com (FLWS)
1-800-Flowers.Com (NASDAQ:FLWS)‘s stock had its “buy” rating reissued by investment analysts at Cann in a note issued to investors on Tuesday.
A number of other analysts have also recently commented on FLWS. Zacks Investment Research upgraded 1-800-Flowers.Com from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub cut 1-800-Flowers.Com from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 24th. ValuEngine raised 1-800-Flowers.Com from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Northcoast Research reissued a “neutral” rating on shares of 1-800-Flowers.Com in a report on Wednesday, August 15th. Finally, Sidoti raised 1-800-Flowers.Com from a “neutral” rating to a “buy” rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.50.
1-800-Flowers.Com stock traded down $0.18 during mid-day trading on Tuesday, reaching $12.38. 12,025 shares of the stock traded hands, compared to its average volume of 301,072. The stock has a market cap of $817.61 million, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.73 and a current ratio of 2.13. 1-800-Flowers.Com has a 12-month low of $9.35 and a 12-month high of $15.00.
In other news, Director Leonard J. Elmore sold 3,234 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $12.96, for a total value of $41,912.64. Following the completion of the transaction, the director now owns 42,487 shares of the company’s stock, valued at $550,631.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher G. Mccann sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $11.83, for a total value of $177,450.00. The disclosure for this sale can be found here. Insiders have sold 96,984 shares of company stock valued at $1,146,850 in the last three months. 64.42% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLWS. California Public Employees Retirement System raised its position in 1-800-Flowers.Com by 2.9% during the second quarter. California Public Employees Retirement System now owns 126,067 shares of the specialty retailer’s stock valued at $1,582,000 after purchasing an additional 3,564 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of 1-800-Flowers.Com by 97.9% in the second quarter. Tower Research Capital LLC TRC now owns 9,159 shares of the specialty retailer’s stock worth $114,000 after buying an additional 4,531 shares during the period. MetLife Investment Advisors LLC raised its holdings in shares of 1-800-Flowers.Com by 37.1% in the third quarter. MetLife Investment Advisors LLC now owns 18,281 shares of the specialty retailer’s stock worth $216,000 after buying an additional 4,951 shares during the period. Teachers Advisors LLC raised its holdings in shares of 1-800-Flowers.Com by 4.2% in the third quarter. Teachers Advisors LLC now owns 132,281 shares of the specialty retailer’s stock worth $1,561,000 after buying an additional 5,334 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of 1-800-Flowers.Com by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 210,411 shares of the specialty retailer’s stock worth $2,641,000 after buying an additional 5,740 shares during the period. 32.56% 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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