1-800 FLOWERS.COM (NASDAQ:FLWS) Raised to “Outperform” at Noble Financial

1-800 FLOWERS.COM (NASDAQ:FLWS) was upgraded by Noble Financial from a “market perform” rating to an “outperform” rating in a research note issued on Monday,Finviz reports. The brokerage currently has a $3.75 target price on the specialty retailer’s stock. Noble Financial’s target price would indicate a potential upside of 24.58% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Zacks Research upgraded shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen raised shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.75.

1-800 FLOWERS.COM Stock Down 5.0%

Shares of NASDAQ FLWS opened at $3.01 on Monday. The business’s fifty day moving average price is $3.81 and its 200-day moving average price is $4.05. 1-800 FLOWERS.COM has a one year low of $2.93 and a one year high of $8.44. The stock has a market capitalization of $192.85 million, a PE ratio of -0.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.81.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.34. The business had revenue of $702.18 million for the quarter, compared to analysts’ expectations of $700.58 million. 1-800 FLOWERS.COM had a negative return on equity of 23.80% and a negative net margin of 13.41%. On average, equities research analysts anticipate that 1-800 FLOWERS.COM will post -0.07 EPS for the current year.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

Several hedge funds have recently bought and sold shares of the company. Quarry LP increased its holdings in 1-800 FLOWERS.COM by 538,100.0% during the 3rd quarter. Quarry LP now owns 5,382 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 5,381 shares during the period. FNY Investment Advisers LLC grew its position in shares of 1-800 FLOWERS.COM by 2,832.6% during the 4th quarter. FNY Investment Advisers LLC now owns 10,000 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 9,659 shares in the last quarter. Jain Global LLC bought a new position in shares of 1-800 FLOWERS.COM in the fourth quarter worth $46,000. State of Wyoming increased its holdings in shares of 1-800 FLOWERS.COM by 197.8% in the second quarter. State of Wyoming now owns 9,833 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 6,531 shares during the period. Finally, Deutsche Bank AG purchased a new stake in shares of 1-800 FLOWERS.COM in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

About 1-800 FLOWERS.COM

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.