1-800-Flowers Analyst Warns Bloomberg Debit Card Data Shows Unfavorable Trends
Portfolio Pulse from Priya Nigam
1-800-Flowers.Com Inc (NASDAQ:FLWS) has been downgraded by DA Davidson from Neutral to Underperform, with a price target reduction from $11 to $8. Bloomberg debit card data indicates a 15% year-on-year decline in sales for Q4 FY2024, suggesting the company may miss sales estimates and issue lower guidance for FY2025.
July 17, 2024 | 9:14 pm
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NEGATIVE IMPACT
1-800-Flowers.Com Inc (NASDAQ:FLWS) has been downgraded by DA Davidson from Neutral to Underperform, with a price target reduction from $11 to $8. Bloomberg debit card data indicates a 15% year-on-year decline in sales for Q4 FY2024, suggesting the company may miss sales estimates and issue lower guidance for FY2025.
The downgrade from DA Davidson, coupled with a significant reduction in the price target and unfavorable sales data, suggests a negative short-term impact on FLWS stock. The 15% YoY decline in sales for Q4 FY2024 and potential miss in sales estimates and lower guidance for FY2025 are critical factors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100