1-800 FLOWERS.COM (NASDAQ:FLWS) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $7.50.

1-800 FLOWERS.COM Stock Down 14.8%

Shares of NASDAQ:FLWS opened at $4.39 on Monday. The business’s 50 day moving average is $5.04 and its 200 day moving average is $5.24. The company has a quick ratio of 0.48, a current ratio of 1.28 and a debt-to-equity ratio of 0.50. 1-800 FLOWERS.COM has a 12-month low of $3.86 and a 12-month high of $9.24. The stock has a market cap of $279.29 million, a price-to-earnings ratio of -1.39 and a beta of 1.30.

1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings data on Thursday, September 4th. The specialty retailer reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.18). 1-800 FLOWERS.COM had a negative return on equity of 13.87% and a negative net margin of 11.86%.The business had revenue of $336.62 million during the quarter, compared to analysts’ expectations of $330.58 million. During the same period in the prior year, the firm posted ($0.34) EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, sell-side analysts forecast that 1-800 FLOWERS.COM will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

Institutional investors have recently added to or reduced their stakes in the business. Fund 1 Investments LLC boosted its holdings in shares of 1-800 FLOWERS.COM by 16.5% in the 2nd quarter. Fund 1 Investments LLC now owns 9,527,250 shares of the specialty retailer’s stock worth $46,874,000 after purchasing an additional 1,346,781 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in shares of 1-800 FLOWERS.COM by 6.4% in the 2nd quarter. Nomura Holdings Inc. now owns 2,175,750 shares of the specialty retailer’s stock worth $10,705,000 after purchasing an additional 129,998 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in shares of 1-800 FLOWERS.COM in the 2nd quarter worth about $9,840,000. Gamco Investors INC. ET AL boosted its holdings in shares of 1-800 FLOWERS.COM by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,292,700 shares of the specialty retailer’s stock worth $7,627,000 after purchasing an additional 8,400 shares in the last quarter. Finally, ING Groep NV purchased a new position in shares of 1-800 FLOWERS.COM in the 1st quarter worth about $4,425,000. 38.43% of the stock is currently owned by institutional investors.

1-800 FLOWERS.COM Company Profile

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.