Brokerages expect 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) to report sales of $246.39 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for 1-800 FLOWERS.COM’s earnings, with the highest sales estimate coming in at $249.28 million and the lowest estimate coming in at $243.30 million. 1-800 FLOWERS.COM reported sales of $234.40 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, August 24th.
On average, analysts expect that 1-800 FLOWERS.COM will report full-year sales of $246.39 million for the current year. For the next fiscal year, analysts forecast that the business will post sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.16 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow 1-800 FLOWERS.COM.
1-800 FLOWERS.COM (NASDAQ:FLWS) last posted its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.01. The company had revenue of $233.70 million for the quarter, compared to the consensus estimate of $236.53 million. 1-800 FLOWERS.COM had a return on equity of 10.49% and a net margin of 2.10%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) EPS.
FLWS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Noble Financial reissued a “buy” rating on shares of 1-800 FLOWERS.COM in a research note on Friday, April 14th. Northcoast Research reissued a “buy” rating and issued a $14.00 price objective (up previously from $12.00) on shares of 1-800 FLOWERS.COM in a research note on Wednesday, May 3rd. DA Davidson initiated coverage on shares of 1-800 FLOWERS.COM in a research note on Wednesday, June 14th. They issued a “neutral” rating and a $11.00 price objective for the company. Finally, FBR & Co initiated coverage on shares of 1-800 FLOWERS.COM in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $13.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.69.
Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of 1-800 FLOWERS.COM during the fourth quarter worth approximately $154,000. State Board of Administration of Florida Retirement System increased its position in shares of 1-800 FLOWERS.COM by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 33,025 shares of the specialty retailer’s stock worth $353,000 after buying an additional 129 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 1-800 FLOWERS.COM by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,377,560 shares of the specialty retailer’s stock worth $25,440,000 after buying an additional 46,993 shares during the last quarter. Teachers Advisors LLC increased its position in shares of 1-800 FLOWERS.COM by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 90,239 shares of the specialty retailer’s stock worth $966,000 after buying an additional 3,527 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of 1-800 FLOWERS.COM by 16.5% in the first quarter. Foundry Partners LLC now owns 473,770 shares of the specialty retailer’s stock worth $4,832,000 after buying an additional 67,000 shares during the last quarter. 33.53% of the stock is owned by institutional investors.
1-800 FLOWERS.COM (NASDAQ:FLWS) traded down 2.07% during mid-day trading on Friday, hitting $9.45. The company had a trading volume of 139,767 shares. The firm has a market capitalization of $617.42 million, a PE ratio of 25.34 and a beta of 1.58. The company has a 50 day moving average of $9.70 and a 200 day moving average of $10.00. 1-800 FLOWERS.COM has a 1-year low of $8.06 and a 1-year high of $11.40.
About 1-800 FLOWERS.COM
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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