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FLWS $8.51

FLWS target price
8.51
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1-800-Flowers.com, Inc.
Type
Public
Traded as NASDAQ: FLWS
Industry Retail
Founded 1976
Founder James McCann
Headquarters Carle Place, New York, United States
Key people
James McCann (Chairman)
Chris McCann (CEO)
Products Flowers, gift baskets, plants, gourmet food, collectibles
Subsidiaries Harry & David
Website www.1800flowers.com

1-800-Flowers.com, Inc. is a floral and gourmet foods gift retailer and distribution company in the United States. It was one of the first retailers to use a 24 x 7 toll-free telephone number and the Internet for direct sales to consumers.

The concept of using the word "flowers" within a Phoneword was originated by William Alexander in the early 1980s. The phone number, 1-800-356-9377, had been assigned to a trucking brokerage in Wisconsin and was used for that company until 1981. Granville Semmes and David Snow formed a corporation which began to use that number to sell flowers in 1982. Their business struggled and that company was dissolved, with its assets going to investors James Poage and John Davis of Texas. The new corporation struggled financially as well. Its assets were acquired in 1986 by Jim McCann, an owner of several flower shops in the New York City area since 1976, under whom the business saw success and growth.

In the early 1990s, two events helped bring 1-800-Flowers to national prominence. First, AT&T created an advertising campaign featuring the company that aired repeatedly during the 1992 Summer Olympics. Then, at the time of the first Persian Gulf War, many advertisers were pulling out of CNN, unaware that CNN's war coverage would draw additional viewers. 1-800-Flowers agreed to remain as an advertiser at founder Ted Turner's request.

The company was among the first retailers to partner with CompuServe and AOL, in 1992 and 1994 respectively. On September 1, 1995, the company registered the 1800flowers.com domain name. In 1999, the company went public on the NASDAQ stock exchange under the ticker symbol FLWS and changed its name to 1-800-FLOWERS.COM, to match its website address.

The company has merged with or acquired a number of other gift and retailing companies. In September 2007, the company announced a partnership with Martha Stewart Living Omnimedia to produce a line of floral products inspired by Martha Stewart. In August 2011, the company acquired Flowerama, a Waterloo-based floral retailer with 100 locations in 28 states.

According to the Consumerist in 2008, customers have reported unknowingly being subscribed to LiveWell after receiving rebate checks from 1-800-flowers.

It had 4,000 employees as of 2008, with a market cap of $119 million USD.

In 2009, revenue was US$714 million. Operating income wasUS$-72.2 million, net income was US$-98.4 million, assets were valued at US$286 million, and equity was at US$134 million.

In March 2017, the Italian confectionery giant Ferrero SpA bought Fannie May from 1-800-Flowers.com. The maker of Nutella announced a multimillion dollar deal to buy out Fannie May and Harry London. The international company closed the deal on May 30, 2017 and paid $115 million dollars.

The company is headquartered in Carle Place, New York, on Long Island.

On July 21, 2008, 1-800-Flowers purchased Napco Marketing Corporation, a wholesale distributor of floral and plant containers and related supplies for the florist and mass market channels.

On April 30, 2008, 1-800-Flowers purchased DesignPac Gifts LLC, a gourmet gift basket maker, for $36 million USD in cash.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2022-10-26 Future report Set alerts
Q4 2022 2022-09-01 -0.34 -0.34
Q3 2022 2022-04-28 -0.32 -0.32
Q2 2022 2022-01-27 1.34 1.34
Q1 2022 2021-10-28 -0.20 -0.20
Q4 2021 2021-08-26 0.20 0.20
Q3 2021 2021-04-29 0.02 0.02
Q2 2021 2021-01-28 1.72 1.72
Q1 2021 2020-10-29 0.00 0.00
Q4 2020 2020-08-27 0.20 0.15

Ratings

2016-05-09 Initiated Coverage Craig Hallum Buy $15.00
2016-05-02 Reiterated Rating B. Riley Buy $11.00
2016-04-27 Reiterated Rating B. Riley Buy $11.00
2016-02-03 Reiterated Rating B. Riley Buy $11.00
2016-01-29 Lower Price Target Benchmark Co. Buy $14.00 to $13.00
2016-01-29 Reiterated Rating B. Riley Buy $15.00 to $11.00
2016-01-21 Initiated Coverage Wunderlich Buy $9.00
2015-11-23 Upgrade Noble Financial Hold to Buy $10.00
2015-11-20 Reiterated Rating Benchmark Co. Buy $14.00
2015-11-09 Reiterated Rating B. Riley Buy $15.00
2015-11-04 Reiterated Rating B. Riley Buy $15.00
2015-09-22 Initiated Coverage B. Riley Buy $15.00
2015-09-17 Initiated Coverage B. Riley Buy $15.00
2015-09-07 Reiterated Rating B. Riley Buy $15.00
2015-09-02 Reiterated Rating B. Riley Buy $15.00
2015-08-31 Reiterated Rating Noble Financial Hold
2015-08-28 Reiterated Rating B. Riley Buy $15.00
2015-07-05 Reiterated Rating B. Riley Buy $15.00
2015-06-30 Reiterated Rating B. Riley Buy $15.00
2015-05-06 Reiterated Rating B. Riley Buy $15.00
2015-04-29 Reiterated Rating B. Riley Buy $15.00
2015-04-28 Upgrade Sidoti Neutral to Buy
2015-03-18 Initiated Coverage B. Riley Buy $15.00
2015-03-11 Initiated Coverage B. Riley Buy $15.00
2015-03-05 Downgrade Sidoti Buy to Neutral
2014-10-29 Reiterated Rating Benchmark Co. Buy $10.00 to $11.00
2014-10-14 Downgrade Noble Financial Buy to Hold
2014-10-06 Reiterated Rating Benchmark Co. Buy $7.00 to $10.00
2014-09-03 Boost Price Target Noble Financial Buy $7.00 to $7.50
2014-09-02 Upgrade Northcoast Research Neutral to Buy $11.00
2013-10-01 Upgrade Brean Capital Hold to Buy
2013-07-10 Reiterated The Benchmark Company Buy $6.50 to $8
2012-04-11 Initiated Noble Financial Buy $5
2010-01-29 Upgrade Global Hunter Securities Neutral to Buy $4
2009-12-21 Initiated Global Hunter Securities Neutral $4
2009-01-30 Downgrade Soleil Buy to Hold $9 to $4
2009-01-29 Downgrade Brean Murray Buy to Hold
2009-01-27 Reiterated Soleil Buy $11 to $8
2008-08-08 Reiterated Brean Murray Buy $13.50 to $10
2008-06-18 Reiterated Morgan Joseph Buy $13 to $11
2008-03-07 Initiated Soleil Buy $11
2008-02-14 Initiated Morgan Joseph Buy $13
2008-01-14 Reiterated JMP Securities Mkt Outperform $15 to $10
2007-11-08 Initiated Nollenberger Capital Buy $14
2007-10-24 Reiterated Brean Murray Buy $12.50 to $13.50
2007-10-23 Reiterated JMP Securities Mkt Outperform $12 to $15
2016-05-09 Initiated Coverage Craig Hallum Buy $15.00
2016-05-02 Reiterated Rating B. Riley Buy $11.00
2016-04-27 Reiterated Rating B. Riley Buy $11.00
2016-02-03 Reiterated Rating B. Riley Buy $11.00
2016-01-29 Lower Price Target Benchmark Co. Buy $14.00 to $13.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MCCANN CHRISTOPHER G President 3.48%  (950626) FLWS /
MCCANN JAMES F Chairman and CEO 1.89%  (515787) FLWS / SMG / WSH /
TAICLET DAVID President, GFGB 1.44%  (393479) FLWS /
SHEA WILLIAM E Chief Financial Officer 1.07%  (292305) FLWS /
NANCE MARK President, BloomNet 0.93%  (253676) FLWS /
GALLAGHER GERARD M General Counsel and SVP 0.89%  (242393) FLWS /
WALKER JEFFREY C 0.63%  (171320) FLWS /
HARTNETT THOMAS G President-1-800-Flowers.com 0.58%  (159224) FLWS /
BOZZO STEPHEN J Chief Information Officer 0.55%  (149771) FLWS /
CANNAVINO JAMES A 0.26%  (69719) FLWS /
Zarin Larry 0.14%  (39253) FLWS /
ELMORE LEONARD J 0.14%  (39253) FLWS / LEE /
CONEFRY JOHN J JR 0.14%  (37802) AF / FLWS /
Calcano Lawrence 0.12%  (33153) CLAC / FLWS /
Leap Arnold P Chief Information Officer 0.11%  (30109) FLWS /
Breig Geralyn 0.10%  (28296) FLWS /
DeMark Eugene F 0.09%  (24796) BKU / FLWS / MSG /
HEGARTY SEAN P 0.05%  (14577) FLWS /
OLIVER KATHERINE 0.03%  (8140) CHEF / FLWS /
Brown Celia 0.03%  (7024) FLWS / WSH /