1-800-FLOWERS.COM (NASDAQ:FLWS) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of 1-800-FLOWERS.COM (NASDAQ:FLWS) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “1-800-FLOWERS.COM, Inc. is a leading e-commerce provider of floral products and gifts, in terms of number of customers and revenue. With the development of the company’s online business and a strategic acquisition, they have continuously expanded their product offerings, most recently to include gourmet foods and home and garden merchandise. As a result, the company has developed relationships with customers who purchase products not only for gifting occasions but also for everyday consumption. “

A number of other equities analysts have also weighed in on FLWS. Noble Financial reiterated a buy rating and issued a $47.00 price target on shares of 1-800-FLOWERS.COM in a research report on Monday, August 30th. DA Davidson decreased their price target on 1-800-FLOWERS.COM from $57.00 to $56.00 and set a buy rating for the company in a research report on Friday, August 27th.

Shares of FLWS stock opened at $29.60 on Tuesday. The stock has a 50-day simple moving average of $31.39 and a 200 day simple moving average of $31.32. 1-800-FLOWERS.COM has a fifty-two week low of $18.51 and a fifty-two week high of $39.61. The stock has a market capitalization of $1.93 billion, a P/E ratio of 16.63 and a beta of 1.72. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.33.

1-800-FLOWERS.COM (NASDAQ:FLWS) last announced its earnings results on Wednesday, August 25th. The specialty retailer reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. 1-800-FLOWERS.COM had a return on equity of 26.47% and a net margin of 5.59%. The business had revenue of $487.00 million during the quarter, compared to analysts’ expectations of $472.95 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts anticipate that 1-800-FLOWERS.COM will post 2.08 earnings per share for the current year.

In other 1-800-FLOWERS.COM news, insider Steven A. Lightman sold 5,692 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $32.34, for a total transaction of $184,079.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher G. Mccann sold 17,850 shares of the firm’s stock in a transaction dated Thursday, September 23rd. The stock was sold at an average price of $33.68, for a total value of $601,188.00. The disclosure for this sale can be found here. Insiders have sold a total of 170,223 shares of company stock valued at $5,403,989 over the last 90 days. Corporate insiders own 51.28% of the company’s stock.

Several hedge funds have recently modified their holdings of FLWS. JPMorgan Chase & Co. raised its stake in shares of 1-800-FLOWERS.COM by 427.4% in the 1st quarter. JPMorgan Chase & Co. now owns 111,342 shares of the specialty retailer’s stock valued at $3,073,000 after acquiring an additional 90,229 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 1-800-FLOWERS.COM by 13.3% in the 1st quarter. Geode Capital Management LLC now owns 430,743 shares of the specialty retailer’s stock valued at $11,892,000 after acquiring an additional 50,634 shares in the last quarter. Citigroup Inc. raised its stake in shares of 1-800-FLOWERS.COM by 54.4% in the 1st quarter. Citigroup Inc. now owns 44,124 shares of the specialty retailer’s stock valued at $1,219,000 after acquiring an additional 15,551 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 1-800-FLOWERS.COM by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 145,144 shares of the specialty retailer’s stock valued at $4,007,000 after acquiring an additional 1,932 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of 1-800-FLOWERS.COM in the 1st quarter valued at approximately $376,000. 47.22% of the stock is currently owned by institutional investors and hedge funds.

About 1-800-FLOWERS.COM

1-800-FLOWERS.COM, Inc retails floral products and gifts on-line. The company’s e-commerce business platform features an all-star family of brands, including: 1-800-Flowers.com, 1-800-Baskets.com, Cheryl’s Cookies, Harry & David, PersonalizationMall.com, Shari’s Berries, FruitBouquets.com, Moose Munch, The Popcorn Factory, Wolferman’s Bakery, Stock Yards and Simply Chocolate.

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