Chek the Channels
What's Not To Love?
1-800-FLOWERS.COM, Inc. is the leading provider of gourmet and floral gifts for all occasions. For nearly 40 years, 1-800-FLOWERS® has been helping deliver smiles for customers with gifts for every occasion, including fresh flowers, premium, gift-quality fruits, and other gourmet items from Harry & David®, popcorn and specialty treats from The Popcorn Factory®; cookies and baked gifts from Cheryl’s®; premium chocolates and confections from Fannie May®; gift baskets and towers from 1-800-Baskets.com®; premium English muffins and other breakfast treats from Wolferman’s; carved fresh fruit arrangements from FruitBouquets.com; and top quality steaks and chops from Stock Yards®. The Company’s BloomNet® international floral wire service provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Recent stock weakness provides favorable risk/reward relationship.The FLWS shares dropped 11% on a downgrade to Neutral from another analyst based on recession susceptibility in fiscal 2021. In our view, the best time to buy a consumer stock is on fears of an economic downturn. But, this is not an ordinary consumer stock.
Changing consumer behavior. Industry wide, traffic to websites are up 150% to 250% in general. We believe that e-commerce companies, like 1800Flowers.com, are likely to benefit from secular shifts toward buying online, a trend that we see...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.