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
Date | Firm | Action | From | To |
---|---|---|---|---|
Oct 2020 | DA Davidson | Maintains | Neutral | |
Aug 2020 | DA Davidson | Upgrades | Underperform | Neutral |
Jul 2020 | DA Davidson | Maintains | Underperform |
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