Noble Financial lifts its price target on 1-800-Flowers.com (Nasdaq: FLWS) from $11 to $12.50 following Q4 results. The firm rates FLWS at Buy.

Analyst Michael Kupinski commented that FQ4 results were better than expected, driven by strong Consumer Floral results. The analyst also noted that following:

• Increasing Fiscal Year End 2017 estimates. We are increasing our 2017 revenues from $1,210.5 million to $1.221.8 million and increasing our adjusted EBITDA from $90.0 million to $93.1 million. Our estimates reflect 4.2% growth in year over year revenues and 8.6% growth in year over year cash flow.
• Positive upside to our estimates? There are reasons to be somewhat more optimistic about fiscal 2017 given a favorable shift on Valentine's Day, which falls during a work week on Tuesday, In addition, the company has favorable momentum and appears to be taking share in its Consumer Floral business and there appears to be upside with a recent SCI contract.

For an analyst ratings summary and ratings history on 1-800-FLOWERS.COM click here. For more ratings news on 1-800-FLOWERS.COM click here.

Shares of 1-800-FLOWERS.COM closed at $9.33 yesterday.