1-800-Flowers.com Stock Wilts as Analyst Calls Out 'Anemic' Everyday Gifting
FLWS1-800-FLOWERS.COM(FLWS) Investopedia·2024-07-18 01:36

Key Takeaways1-800-Flowers.com is projected to report a 6% decline in sales this quarter, but a D.A. Davidson analyst believes the real figure will be worse.The firm downgraded the company's stock to "underperform" from "neutral" and lowered its price target to 8from8 from 9.1-800-Flowers.com's year-over-year sales have declined every quarter for the past two years due to sluggish "everyday gifting." 1-800-Flowers.com (FLWS) shares sank in intraday trading Wednesday after D.A. Davidson downgraded the company’s ...