Flowers (FLWS) Pulls Back After Month-Long Tear North $4
Tweet
Share
E-mailGet Alerts FLWS Hot Sheet
Join SI Premium – FREE
After tapping fresh highs above $4, shares of 1-800-Flowers.com Inc. (Nasdaq: FLWS) pulled back and closed at $3.92 on Wednesday.
Over the past month, shares of 1-800-Flowers.com Inc. (Nasdaq: FLWS) have gained 24.75 percent. The rally began in late June after analyst Daniel L. Kurnos of Benchmark predicted FY13 revenues growing 6% year-over-year to $767 million and EPS of $0.24.
In his comments, Kurnos said he believed 1-800-Flowers.com Inc. (Nasdaq: FLWS) has manufactured a number of avenues through which it can achieve better-than-industry average growth. He also said he thinks the total company can maintain sustainable revenue growth in the mid- to high-single digits.
Given the significant gains in the stock, investors have obviously sided with Kurnos. However, today's pull back and close below $4 may signal an end to the stock's ballistic trajectory of late, although the stock could have further upside potential, albeit at a more tempered pace.
Over the past month, shares of 1-800-Flowers.com Inc. (Nasdaq: FLWS) have gained 24.75 percent. The rally began in late June after analyst Daniel L. Kurnos of Benchmark predicted FY13 revenues growing 6% year-over-year to $767 million and EPS of $0.24.
In his comments, Kurnos said he believed 1-800-Flowers.com Inc. (Nasdaq: FLWS) has manufactured a number of avenues through which it can achieve better-than-industry average growth. He also said he thinks the total company can maintain sustainable revenue growth in the mid- to high-single digits.
Given the significant gains in the stock, investors have obviously sided with Kurnos. However, today's pull back and close below $4 may signal an end to the stock's ballistic trajectory of late, although the stock could have further upside potential, albeit at a more tempered pace.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. airline stocks: Q2 earnings preview
- This stock is best-positioned to benefit from the massive increase in data center capex
- This smart glasses maker is well placed to outperform: UBS
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
