DA Davidson Cuts 1-800-FLOWERS.COM (NASDAQ:FLWS) Price Target to $9.00

1-800-FLOWERS.COM (NASDAQ:FLWS) had its target price trimmed by DA Davidson from $9.50 to $9.00 in a research note published on Friday, Benzinga reports. The firm currently has a neutral rating on the specialty retailer’s stock.

Separately, StockNews.com raised shares of 1-800-FLOWERS.COM from a hold rating to a buy rating in a report on Thursday, February 29th.

1-800-FLOWERS.COM Price Performance

Shares of NASDAQ FLWS opened at $8.90 on Friday. The business has a 50 day simple moving average of $9.80 and a 200-day simple moving average of $9.61. 1-800-FLOWERS.COM has a twelve month low of $5.97 and a twelve month high of $11.42. The company has a market capitalization of $574.05 million, a price-to-earnings ratio of -74.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.67. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

1-800-FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings results on Thursday, May 2nd. The specialty retailer reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.04). 1-800-FLOWERS.COM had a negative net margin of 0.42% and a positive return on equity of 3.29%. The business had revenue of $379.40 million during the quarter, compared to analyst estimates of $383.73 million. During the same period last year, the firm posted ($0.27) earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that 1-800-FLOWERS.COM will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Arnold P. Leap sold 3,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $9.32, for a total value of $27,960.00. Following the completion of the transaction, the insider now owns 72,739 shares in the company, valued at approximately $677,927.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 49.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On 1-800-FLOWERS.COM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLWS. Principal Financial Group Inc. acquired a new position in 1-800-FLOWERS.COM during the third quarter worth about $73,000. Allspring Global Investments Holdings LLC lifted its stake in 1-800-FLOWERS.COM by 96.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 5,173 shares during the last quarter. Quantbot Technologies LP bought a new stake in 1-800-FLOWERS.COM during the third quarter worth approximately $189,000. Stratos Wealth Advisors LLC acquired a new position in 1-800-FLOWERS.COM in the fourth quarter worth approximately $208,000. Finally, Prosperity Wealth Management Inc. bought a new position in shares of 1-800-FLOWERS.COM in the fourth quarter valued at $248,000. 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.