DA Davidson Forecasts Strong Price Appreciation for 1-800-FLOWERS.COM (NASDAQ:FLWS) Stock

1-800-FLOWERS.COM (NASDAQ:FLWS) had its price target raised by DA Davidson from $7.00 to $7.50 in a research report report published on Thursday, Benzinga reports. The firm currently has a neutral rating on the specialty retailer’s stock.

1-800-FLOWERS.COM Stock Performance

Shares of 1-800-FLOWERS.COM stock opened at $8.26 on Thursday. The business’s fifty day simple moving average is $7.97 and its 200 day simple moving average is $8.94. The company has a current ratio of 1.69, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38. 1-800-FLOWERS.COM has a 12 month low of $7.14 and a 12 month high of $11.42. The firm has a market capitalization of $530.46 million, a P/E ratio of -59.00, a price-to-earnings-growth ratio of 3.17 and a beta of 1.61.

1-800-FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, October 31st. The specialty retailer reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.02. 1-800-FLOWERS.COM had a negative net margin of 0.50% and a positive return on equity of 2.04%. The company had revenue of $193.20 million during the quarter, compared to analyst estimates of $246.88 million. During the same quarter last year, the business posted ($0.48) EPS. 1-800-FLOWERS.COM’s quarterly revenue was down 28.2% compared to the same quarter last year. As a group, analysts anticipate that 1-800-FLOWERS.COM will post 0.17 EPS for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of 1-800-FLOWERS.COM in the third quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC raised its holdings in 1-800-FLOWERS.COM by 96.5% during the 1st 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. SG Americas Securities LLC purchased a new stake in shares of 1-800-FLOWERS.COM during the third quarter worth $106,000. EntryPoint Capital LLC bought a new position in shares of 1-800-FLOWERS.COM in the first quarter worth $167,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of 1-800-FLOWERS.COM by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 1,287 shares in the last quarter. 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.