1-800 FLOWERS.COM (NASDAQ:FLWS) Releases Earnings Results, Misses Expectations By $0.10 EPS

Key Points

• 1-800 FLOWERS.COM missed quarterly earnings expectations: The company reported a loss of $0.80 per share versus the expected $0.70 loss, while revenue of $293.12 million came in slightly below the $294.17 million consensus estimate.
• Shares fell 4.4% amid ongoing financial weakness. The company reported a negative net margin of 8.69% and negative return on equity of 28.81%; the stock opened at $3.49 and remains near the lower end of its 52-week range.
• Analyst sentiment remains cautious: Ratings include one Buy, one Hold and one Sell, producing a consensus Hold rating and an average price target of $3.75. Institutional investors own 38.43% of the company.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) posted its earnings results on Thursday. The specialty retailer reported ($0.80) earnings per share for the quarter, missing analysts' consensus estimates of ($0.70) by ($0.10), FiscalAI reports. The firm had revenue of $293.12 million for the quarter, compared to analyst estimates of $294.17 million. 1-800 FLOWERS.COM had a negative return on equity of 28.81% and a negative net margin of 8.69%.

1-800 FLOWERS.COM Stock Down 4.4%

Shares of NASDAQ FLWS opened at $3.49 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.49 and a current ratio of 1.14. 1-800 FLOWERS.COM has a 52 week low of $2.88 and a 52 week high of $7.10. The stock has a market capitalization of $223.71 million, a P/E ratio of -1.65 and a beta of 1.34. The stock's fifty day moving average is $3.90 and its 200 day moving average is $3.79.

Hedge Funds Weigh In On 1-800 FLOWERS.COM

Several hedge funds have recently bought and sold shares of the company. Jump Financial LLC raised its position in shares of 1-800 FLOWERS.COM by 10.6% in the 4th quarter. Jump Financial LLC now owns 34,849 shares of the specialty retailer's stock valued at $137,000 after buying an additional 3,347 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of 1-800 FLOWERS.COM by 32.4% during the 4th quarter. Intech Investment Management LLC now owns 19,022 shares of the specialty retailer's stock worth $75,000 after acquiring an additional 4,651 shares in the last quarter. Quarry LP increased its stake in 1-800 FLOWERS.COM by 538,100.0% in the third quarter. Quarry LP now owns 5,382 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 5,381 shares during the last quarter. Barclays PLC increased its stake in 1-800 FLOWERS.COM by 17.8% in the fourth quarter. Barclays PLC now owns 36,342 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 5,500 shares during the last quarter. Finally, State of Wyoming raised its position in 1-800 FLOWERS.COM by 197.8% during the second quarter. State of Wyoming now owns 9,833 shares of the specialty retailer's stock valued at $48,000 after purchasing an additional 6,531 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FLWS shares. 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. Zacks Research raised shares of 1-800 FLOWERS.COM from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $3.75.

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.

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