Worth Watching: Could 1-800-Flowers.Com Inc Change Direction After Making 52-Week High?

Worth Watching: Could 1 800 Flowers.Com Inc Change Direction After Making 52 Week High?

The stock of 1-800-Flowers.Com Inc (NASDAQ:FLWS) hit a new 52-week high and has $11.49 target or 4.00% above today’s $11.05 share price. The 9 months bullish chart indicates low risk for the $731.48M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $11.49 price target is reached, the company will be worth $29.26M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,295 shares traded hands. 1-800-Flowers.Com Inc (NASDAQ:FLWS) has risen 35.96% since April 22, 2016 and is uptrending. It has outperformed by 30.56% the S&P500.

Analysts await 1-800-Flowers.Com Inc (NASDAQ:FLWS) to report earnings on January, 26. They expect $0.95 EPS, up 3.26% or $0.03 from last year’s $0.92 per share. FLWS’s profit will be $62.89 million for 2.91 P/E if the $0.95 EPS becomes a reality. After $-0.24 actual EPS reported by 1-800-Flowers.Com Inc for the previous quarter, Wall Street now forecasts -495.83% EPS growth.

1-800-Flowers.Com Inc (NASDAQ:FLWS) Ratings Coverage

Out of 4 analysts covering 1-800-Flowers.Com (NASDAQ:FLWS), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. 1-800-Flowers.Com has been the topic of 7 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The rating was maintained by B. Riley & Co with “Buy” on Thursday, November 3. On Tuesday, August 23 the stock rating was maintained by Wunderlich with “Buy”. The firm has “Hold” rating by Noble Financial given on Monday, August 31. Ladenburg Thalmann reinitiated the stock with “Outperform” rating in Wednesday, August 17 report. The firm has “Buy” rating given on Thursday, January 21 by Wunderlich.

According to Zacks Investment Research, “1-800-FLOWERS.COM, Inc. is a leading e-commerce provider of floral products and gifts, in terms of number of customers and revenue. With the development of the company’s online business and a strategic acquisition, they have continuously expanded their product offerings, most recently to include gourmet foods and home and garden merchandise. As a result, the company has developed relationships with customers who purchase products not only for gifting occasions but also for everyday consumption.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.30, from 1.3 in 2016Q1. The ratio dived, as 12 funds sold all 1-800-Flowers.Com Inc shares owned while 28 reduced positions. 8 funds bought stakes while 44 increased positions. They now own 21.65 million shares or 0.49% less from 21.76 million shares in 2016Q1.
Moreover, Invesco has 0% invested in 1-800-Flowers.Com Inc (NASDAQ:FLWS) for 45,805 shares. First Quadrant Limited Partnership Ca owns 136,900 shares or 0.03% of their US portfolio. Springbok Mgmt Ltd Liability Com has 13,300 shares for 0.02% of their US portfolio. Beddow Management Inc has invested 2.89% of its portfolio in 1-800-Flowers.Com Inc (NASDAQ:FLWS). Globeflex Capital L P has invested 0.04% of its portfolio in 1-800-Flowers.Com Inc (NASDAQ:FLWS). Sg Mngmt Limited Liability Company has 0.4% invested in the company for 178,356 shares. Schwab Charles last reported 77,777 shares in the company. Gp One Trading L P has 0% invested in the company for 1,700 shares. Intll Grp has 0% invested in the company for 14,986 shares. Denver Invest Advsr Lc last reported 0% of its portfolio in the stock. The Connecticut-based Aqr Mngmt Ltd Com has invested 0.01% in 1-800-Flowers.Com Inc (NASDAQ:FLWS). Mcclain Value Ltd Company holds 806,500 shares or 6.19% of its portfolio. Blackrock Fund Advisors holds 728,573 shares or 0% of its portfolio. The New York-based Third Avenue Ltd Liability Com has invested 0.24% in 1-800-Flowers.Com Inc (NASDAQ:FLWS). The Massachusetts-based Aristotle Capital Boston Ltd Limited Liability Company has invested 1.71% in 1-800-Flowers.Com Inc (NASDAQ:FLWS).

Insider Transactions: Since August 30, 2016, the stock had 0 buys, and 7 insider sales for $1.30 million net activity. Shares for $295,500 were sold by Calcano Lawrence on Monday, November 7. Another trade for 45,274 shares valued at $485,017 was made by TAICLET DAVID on Monday, November 21. GALLAGHER GERARD M also sold $232,000 worth of 1-800-Flowers.Com Inc (NASDAQ:FLWS) shares. On Monday, November 7 ELMORE LEONARD J sold $98,500 worth of the stock or 10,000 shares. On Monday, November 7 SHEA WILLIAM E sold $50,150 worth of the stock or 5,000 shares.

More recent 1-800-Flowers.Com Inc (NASDAQ:FLWS) news were published by: Forbes.com which released: “1-800 Flowers: Creating The Next Generation Gifting Powerhouse” on October 31, 2016. Also Prnewswire.com published the news titled: “1-800-FLOWERS.COM Launches Beta of “GWYN”, an Artificial Intelligence Powered …” on May 03, 2016. Streetinsider.com‘s news article titled: “Form 4 1 800 FLOWERS COM INC For: Nov 22 Filed by: Calcano Lawrence” with publication date: November 23, 2016 was also an interesting one.

FLWS Company Profile

1-800-FLOWERS.COM, Inc., incorporated on June 30, 1992, is a well-known provider of gourmet food and floral gifts for all occasions. The Firm offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Firm operates through three business divisions: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service. The Consumer Floral segment includes the activities of the Company’s flagship brand, 1-800-Flowers.com, FruitBouquets.com and Flowerama. The Gourmet Food and Gift Baskets segment includes the activities of Harry & David (which includes Wolferman’s, Moose Munch and Stockyards.com), Fannie May Confections Brands (which includes Harry London), Cheryl’s (which includes Mrs. Beasley’s), The Popcorn Factory, DesignPac and 1-800-Baskets. The BloomNet Wire Service segment includes the activities of BloomNet and Napco. The Company’s BloomNet international floral wire service (www.mybloomnet.net) provides a range of products and value-added services. The Company’s Celebrations suite of services include Celebrations Passport Free Shipping program, Celebrations Rewards and Celebrations RemindersSM.

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