1-800 FLOWERS.COM (NASDAQ:FLWS) Upgraded at Zacks Research

Zacks Research upgraded shares of 1-800 FLOWERS.COM (NASDAQ:FLWS) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other research firms also recently weighed in on FLWS. Noble Financial reaffirmed an “outperform” rating on shares of 1-800 FLOWERS.COM in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.75.

1-800 FLOWERS.COM Price Performance

FLWS opened at $4.21 on Monday. The stock has a fifty day moving average of $4.07 and a 200-day moving average of $3.86. The firm has a market capitalization of $269.86 million, a P/E ratio of -2.00 and a beta of 1.36. 1-800 FLOWERS.COM has a 12-month low of $2.88 and a 12-month high of $8.44. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.61.

1-800 FLOWERS.COM (NASDAQ:FLWS) last released its earnings results on Thursday, May 7th. The specialty retailer reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.02). The business had revenue of $293.01 million for the quarter, compared to analysts’ expectations of $292.42 million. 1-800 FLOWERS.COM had a negative net margin of 8.69% and a negative return on equity of 28.81%. Equities analysts forecast that 1-800 FLOWERS.COM will post -1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC bought a new position in shares of 1-800 FLOWERS.COM in the 4th quarter valued at approximately $48,000. Jain Global LLC acquired a new stake in 1-800 FLOWERS.COM in the 4th quarter worth approximately $46,000. Caitong International Asset Management Co. Ltd boosted its position in 1-800 FLOWERS.COM by 122,338.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,917 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 15,904 shares during the period. Deutsche Bank AG bought a new stake in 1-800 FLOWERS.COM during the fourth quarter worth approximately $48,000. Finally, Intech Investment Management LLC grew its holdings in 1-800 FLOWERS.COM by 32.4% during the fourth quarter. Intech Investment Management LLC now owns 19,022 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 4,651 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

1-800 FLOWERS.COM Company Profile

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.