1-800-FLOWERS.COM (NASDAQ:FLWS) Announces Earnings Results

1-800-FLOWERS.COM (NASDAQ:FLWS – Get Rating) announced its quarterly earnings data on Thursday. The specialty retailer reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04), MarketWatch Earnings reports. The firm had revenue of $469.60 million for the quarter, compared to analyst estimates of $483.08 million. 1-800-FLOWERS.COM had a return on equity of 17.54% and a net margin of 4.07%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. 1-800-FLOWERS.COM updated its FY22 guidance to $0.55-0.60 EPS.

1-800-FLOWERS.COM stock traded down $0.17 during mid-day trading on Friday, hitting $10.20. 1,876,836 shares of the stock were exchanged, compared to its average volume of 627,874. The company has a quick ratio of 0.91, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. 1-800-FLOWERS.COM has a 12 month low of $9.13 and a 12 month high of $38.66. The firm’s fifty day simple moving average is $13.62 and its two-hundred day simple moving average is $21.24. The stock has a market capitalization of $663.41 million, a price-to-earnings ratio of 10.41 and a beta of 1.68.

A number of equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of 1-800-FLOWERS.COM in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Craig Hallum downgraded shares of 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating and reduced their price target for the company from $35.00 to $12.00 in a research note on Thursday. DA Davidson downgraded shares of 1-800-FLOWERS.COM from a “buy” rating to a “neutral” rating in a research note on Thursday, March 17th. Benchmark reduced their price target on shares of 1-800-FLOWERS.COM from $26.00 to $17.00 in a research note on Friday. Finally, Zacks Investment Research downgraded shares of 1-800-FLOWERS.COM from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.10.

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of 1-800-FLOWERS.COM in the 4th quarter worth about $9,229,000. D. E. Shaw & Co. Inc. purchased a new position in shares of 1-800-FLOWERS.COM in the 4th quarter worth about $6,025,000. Wells Fargo & Company MN raised its stake in 1-800-FLOWERS.COM by 50.5% in the 4th quarter. Wells Fargo & Company MN now owns 206,838 shares of the specialty retailer’s stock valued at $4,834,000 after acquiring an additional 69,429 shares during the period. Bank of New York Mellon Corp raised its stake in 1-800-FLOWERS.COM by 8.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 147,105 shares of the specialty retailer’s stock valued at $4,488,000 after acquiring an additional 11,691 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in 1-800-FLOWERS.COM by 46.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 173,012 shares of the specialty retailer’s stock valued at $4,043,000 after acquiring an additional 54,698 shares during the period.

1-800-FLOWERS.COM Company Profile (Get Rating)

1-800-FLOWERS.COM, Inc, together with its subsidiaries, 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, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.

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