Market Overview

1-800-Flowers.com Is One Of The Best Positioned Consumer Plays

Share:
1-800-Flowers.com Is One Of The Best Positioned Consumer Plays

1-800-Flowers.Com Inc (NASDAQ: FLWS) is scheduled to announce its Q2 FY 2017 results on Tuesday. The company would likely report in-line results and maintain its annual guidance, which may prove conservative, Wunderlich’s Eric Beder said in a report. He reiterated a Buy rating on the company, with a price target of $12.

Strong Positioning

Beder commented that 1-800-Flowers.com was “among the best positioned consumer plays in our group,” mentioning the reasons as:

  • Strong gifting offering: The Harry & David offering diversified the mix meaningfully during Christmas 2016.
  • An integrated gifting offering: Christmas 2016 was also the first season for 1-800-Flowers.com’s fully-integrated branding website, offering all of the company’s brands on one platform, which may have driven increased multi-branded purchases.
  • Continued market share gains: The company gained further market share from competitor FTD Companies Inc (NASDAQ: FTD), despite being “in the midst of a management change and retooling the business.”
  • A marked shift to mobile.

“Further, we believe the company aggressively offered a higher value-added offerings to the Christmas mix, which should help margins,” Beder noted, while expressing optimism regarding continued momentum in 1-800-Flowers.com’s performance going ahead.

Shares of 1-800-Flowers closed Friday's session at $9.85.

Latest Ratings for FLWS

DateFirmActionFromTo
Oct 2020DA DavidsonMaintainsNeutral
Aug 2020DA DavidsonUpgradesUnderperformNeutral
Jul 2020DA DavidsonMaintainsUnderperform

View More Analyst Ratings for FLWS
View the Latest Analyst Ratings

 

Related Articles (FLWS)

View Comments and Join the Discussion!

Posted-In: Analyst Color Earnings Long Ideas News Guidance Previews Reiteration Analyst Ratings Best of Benzinga

Latest Ratings

StockFirmActionPT
MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com