Benchmark Co. Reiterates a Buy Rating on 1-800 FlowersCom

By Ryan Adsit

In a report released today, Daniel Kurnos from Benchmark Co. reiterated a Buy rating on 1-800 FlowersCom (NASDAQ: FLWS), with a price target of $15. The company’s shares closed last Friday at $10.25.

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 16.2% and a 63.4% success rate. Kurnos covers the Services sector, focusing on stocks such as Liquidity Services, Sinclair Broadcast, and Gray Television.

1-800 FlowersCom has an analyst consensus of Strong Buy, with a price target consensus of $15.

Based on 1-800 FlowersCom’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $555 million and quarterly net profit of $62.93 million. In comparison, last year the company earned revenue of $548 million and had a net profit of $61.54 million.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLWS in relation to earlier this year. Most recently, in December 2016, Eugene Demark, a Director at FLWS sold 1,500 shares for a total of $16,605.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

1-800-FLOWERS.COM, Inc. operates as a florist and gift shop. The company operates in three segments: Consumer Floral, Gourmet Food and Gift Baskets and BloomNet Wire Service. The Consumer Floral segment includes the operations of the company’s flagship brand 1-800-Flowers.com, Celebrations and FineStationery.com. The Gourmet Food and Gift Baskets segment includes the operations of Fannie May Confections Brands, Cheryl’s, The Popcorn Factory, Stockyards.com, DesignPac and 1-800-Baskets. The BloomNet Wire Service segment includes the operations of BloomNet, BloomNet Technologies, BloomNet Products and Napco. Its products include fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candy and wine. The company was founded by James F. McCann in 1976 and is headquartered in Carle Place, NY.