1-800-FLOWERS.COM (NASDAQ:FLWS) Given New $9.00 Price Target at DA Davidson

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

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

1-800-FLOWERS.COM Stock Down 1.3 %

1-800-FLOWERS.COM stock opened at $8.78 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.59. The firm has a 50 day moving average price of $9.80 and a 200 day moving average price of $9.61. 1-800-FLOWERS.COM has a fifty-two week low of $5.97 and a fifty-two week high of $11.42. The company has a market capitalization of $566.31 million, a PE ratio of -73.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.67.

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

Insider Buying and Selling

In other 1-800-FLOWERS.COM news, insider Arnold P. Leap sold 3,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $9.32, for a total transaction of $27,960.00. Following the sale, the insider now directly 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 available through the SEC website. Corporate insiders own 49.77% of the company’s stock.

Institutional Investors Weigh In On 1-800-FLOWERS.COM

Several institutional investors have recently modified their holdings of FLWS. Cornercap Investment Counsel Inc. boosted its position in shares of 1-800-FLOWERS.COM by 2.0% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 71,758 shares of the specialty retailer’s stock worth $774,000 after acquiring an additional 1,375 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in 1-800-FLOWERS.COM by 1.2% during the first quarter. Rice Hall James & Associates LLC now owns 150,444 shares of the specialty retailer’s stock worth $1,629,000 after acquiring an additional 1,832 shares during the period. Raymond James & Associates lifted its position in 1-800-FLOWERS.COM by 21.1% in the 4th quarter. Raymond James & Associates now owns 25,800 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 4,500 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of 1-800-FLOWERS.COM by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 135,000 shares of the specialty retailer’s stock worth $1,455,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of 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 acquiring an additional 5,173 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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.