Equities Analysts Issue Forecasts for 1-800-Flowers.Com Inc’s Q2 2019 Earnings (FLWS)

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1-800-Flowers.Com Inc (NASDAQ:FLWS) – Analysts at Northcoast Research dropped their Q2 2019 earnings per share (EPS) estimates for 1-800-Flowers.Com in a research note issued to investors on Thursday, October 18th. Northcoast Research analyst T. Vierengel now expects that the specialty retailer will earn $0.98 per share for the quarter, down from their prior forecast of $1.00. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for 1-800-Flowers.Com’s FY2019 earnings at $0.39 EPS.

Several other brokerages have also recently weighed in on FLWS. BidaskClub cut 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research cut 1-800-Flowers.Com from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Noble Financial restated a “hold” rating on shares of 1-800-Flowers.Com in a research note on Tuesday, August 28th. Benchmark reiterated a “buy” rating and set a $16.00 target price (up from $14.00) on shares of 1-800-Flowers.Com in a research note on Wednesday, August 22nd. Finally, Cann reiterated a “sell” rating on shares of 1-800-Flowers.Com in a research note on Monday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. 1-800-Flowers.Com has an average rating of “Hold” and a consensus target price of $13.25.

Shares of NASDAQ:FLWS opened at $10.76 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.48 and a debt-to-equity ratio of 0.29. 1-800-Flowers.Com has a 1-year low of $8.85 and a 1-year high of $15.00. The firm has a market cap of $733.10 million, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.75 and a beta of 1.07.

1-800-Flowers.Com (NASDAQ:FLWS) last issued its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. 1-800-Flowers.Com had a return on equity of 9.49% and a net margin of 3.54%. The business had revenue of $229.93 million for the quarter, compared to analysts’ expectations of $227.57 million. During the same period last year, the business earned ($0.11) EPS. The business’s revenue was down 4.0% on a year-over-year basis.

In other news, CEO Christopher G. Mccann sold 12,500 shares of 1-800-Flowers.Com stock in a transaction on Friday, October 12th. The stock was sold at an average price of $11.10, for a total transaction of $138,750.00. Following the sale, the chief executive officer now directly owns 937,328 shares in the company, valued at approximately $10,404,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher G. Mccann sold 15,000 shares of 1-800-Flowers.Com stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $10.91, for a total value of $163,650.00. Following the completion of the sale, the chief executive officer now directly owns 939,828 shares of the company’s stock, valued at approximately $10,253,523.48. The disclosure for this sale can be found here. Insiders have sold a total of 73,750 shares of company stock worth $925,038 over the last quarter. Company insiders own 53.17% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. increased its holdings in 1-800-Flowers.Com by 4.1% in the 3rd quarter. North Star Investment Management Corp. now owns 251,375 shares of the specialty retailer’s stock worth $2,966,000 after acquiring an additional 10,000 shares during the last quarter. Northern Trust Corp increased its holdings in 1-800-Flowers.Com by 9.4% in the 2nd quarter. Northern Trust Corp now owns 366,945 shares of the specialty retailer’s stock worth $4,605,000 after acquiring an additional 31,595 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in 1-800-Flowers.Com by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 210,411 shares of the specialty retailer’s stock worth $2,641,000 after acquiring an additional 5,740 shares during the last quarter. California Public Employees Retirement System increased its holdings in 1-800-Flowers.Com by 2.9% in the 2nd quarter. California Public Employees Retirement System now owns 126,067 shares of the specialty retailer’s stock worth $1,582,000 after acquiring an additional 3,564 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in 1-800-Flowers.Com in the 2nd quarter worth about $1,966,000. 33.38% of the stock is owned by institutional investors.

About 1-800-Flowers.Com

1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.

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Earnings History and Estimates for 1-800-Flowers.Com (NASDAQ:FLWS)

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