Category: Retail and Consumer

Tuesday, July 28, 2020

1-800-Flowers.com (FLWS)

Puts The Acquisition To Bed

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.

Back on track.The company settles its issues with Bed, Bath & Beyond regarding the acquisition of PersonalizationMall.com and amends the purchase price to $245 million from $252 million. We believe that the new price largely adjusts for legal fees. Closing date is set for August 3rd.


Acquisition viewed favorably. The stall in the closing date allowed 1800Flowers to substantially improve its financial position, given strong growth in e-commerce sales, particularly for Harry & David. While PersonalizationMall.com was closed for a period of time due to …










Click to get the full report.

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. 

Friday, May 1, 2020

1-800-Flowers.com (FLWS)

Can There Be Too Much Of A Good Thing?

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.

A remarkable quarter.The company shrugged off the impact of mitigation efforts of CoVid 19 and the economic shutdown with fiscal third quarter results ending March 30 in line with expectations. Total company revenues increased a solid 12.2% to $278.8 million. The seasonal adj. EBITDA loss of $2.4 million was slightly better than our loss estimate of $2.7 million.


Reiterates full year guidance. Revenue momentum seems to have accelerated in the fiscal fourth quarter. Management reiterated full year revenue guidance of 8% to 9% growth, adj. EBITDA growth of 13% to 15%, and EPS growth of 15% to 17%. Adjusting for the benefit of closing Harry & David stores, we are raising our…







Click here to get the full report.

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. 

Friday, May 1, 2020

1-800-Flowers.com (FLWS)

Can There Be Too Much Of A Good Thing?

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.

A remarkable quarter.The company shrugged off the impact of mitigation efforts of CoVid 19 and the economic shutdown with fiscal third quarter results ending March 30 in line with expectations. Total company revenues increased a solid 12.2% to $278.8 million. The seasonal adj. EBITDA loss of $2.4 million was slightly better than our loss estimate of $2.7 million.


Reiterates full year guidance. Revenue momentum seems to have accelerated in the fiscal fourth quarter. Management reiterated full year revenue guidance of 8% to 9% growth, adj. EBITDA growth of 13% to 15%, and EPS growth of 15% to 17%. Adjusting for the benefit of closing Harry & David stores, we are raising our…







Click here to get the full report.

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. 

Tuesday, April 14, 2020

1-800-Flowers.com (FLWS)

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…







Click here to get the full report.

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. 

Tuesday, April 14, 2020

1-800-Flowers.com (FLWS)

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…







Click here to get the full report.

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. 

Thursday, April 2, 2020

ACCO Brands Corporation (ACCO)

The Store is on Sale

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products. It also provides private label products, as well as business machine maintenance and repair services. The company offers its business, academic, and calendar product lines under the Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra, Wilson Jones, and other brand names. In addition, it designs, sources, distributes, markets, and sells accessories for laptop and desktop computers, and tablets comprising security products; input devices, such as presenters, mice, and trackballs; ergonomic aids, including foot and wrist rests; docking stations; and other personal computers and tablet accessories under the Kensington, Microsaver, and ClickSafe brand names. The company sells its products to consumers and commercial end-users primarily through resellers, including traditional office supply resellers, wholesalers, mass merchandisers, and retailers, as well as directly to consumers through on-line and direct mail. ACCO Brands Corporation is headquartered in Lake Zurich, Illinois.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Compelling Risk/Reward. At a sub-$5 price, ACCO shares present investors a compelling risk/reward opportunity, in our view. While we admit to the futility of attempting to model the breadth and depth of the coronavirus impact on the financials, we ran a “What If” scenario using reduced revenue for 2020 and the adjusted EBITDA margin from 2009, during the Great Recession, which was the lowest adjusted EBITDA margin in the past 11 years, by far, some 320 basis points below the subsequent 10-year average margin.


The Results.  Under our “What If’ analysis, the results indicate that even under these stressed conditions, at our $14 price target ACCO shares would continue to trade at a discount to its peer group of consumer branded product companies on both an EV/S and…







Click here to get the full report.

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. 

Thursday, April 2, 2020

ACCO Brands Corporation (ACCO)

The Store is on Sale

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products. It also provides private label products, as well as business machine maintenance and repair services. The company offers its business, academic, and calendar product lines under the Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra, Wilson Jones, and other brand names. In addition, it designs, sources, distributes, markets, and sells accessories for laptop and desktop computers, and tablets comprising security products; input devices, such as presenters, mice, and trackballs; ergonomic aids, including foot and wrist rests; docking stations; and other personal computers and tablet accessories under the Kensington, Microsaver, and ClickSafe brand names. The company sells its products to consumers and commercial end-users primarily through resellers, including traditional office supply resellers, wholesalers, mass merchandisers, and retailers, as well as directly to consumers through on-line and direct mail. ACCO Brands Corporation is headquartered in Lake Zurich, Illinois.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Compelling Risk/Reward. At a sub-$5 price, ACCO shares present investors a compelling risk/reward opportunity, in our view. While we admit to the futility of attempting to model the breadth and depth of the coronavirus impact on the financials, we ran a “What If” scenario using reduced revenue for 2020 and the adjusted EBITDA margin from 2009, during the Great Recession, which was the lowest adjusted EBITDA margin in the past 11 years, by far, some 320 basis points below the subsequent 10-year average margin.


The Results.  Under our “What If’ analysis, the results indicate that even under these stressed conditions, at our $14 price target ACCO shares would continue to trade at a discount to its peer group of consumer branded product companies on both an EV/S and…







Click here to get the full report.

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. 

Friday, March 20, 2020

1-800-Flowers.com (FLWS)

Every Problem Is A Gift

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.

Marketing highlights. This report highlights a recent market trip to Chicago two weeks ago with William Shea, CFO, and Joe Pittito, IR. We believe that the message to investors is that the company is geared up for its recent acquisition and capable of weathering the current economic uncertainty.


Adds A Personal Touch. The company is nearing the closing (early April) of PersonalizationMall.com for $252 million. We view the acquisition favorably as it expands its everyday gifting platform, further distances itself from its peers that have a…







Click here to get the full report.

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. 

Friday, March 20, 2020

1-800-Flowers.com (FLWS)

Every Problem Is A Gift

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.

Marketing highlights. This report highlights a recent market trip to Chicago two weeks ago with William Shea, CFO, and Joe Pittito, IR. We believe that the message to investors is that the company is geared up for its recent acquisition and capable of weathering the current economic uncertainty.


Adds A Personal Touch. The company is nearing the closing (early April) of PersonalizationMall.com for $252 million. We view the acquisition favorably as it expands its everyday gifting platform, further distances itself from its peers that have a…







Click here to get the full report.

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. 

Cannabis Stocks: Back down to reality? What Investors Should Know About Cannabis Stocks In 2020

There’s something that investors in the cannabis industry can’t ignore the trends. There is a trend toward removing legal barriers on both a state and local level. There is a trend toward more research dollars and permissions to study its medicinal qualities. The trend of medical legalization on a state-by-state basis. The trend for legal recreational use. There is a trend toward more foreign investment flowing to the cannabis industry. A trend toward reduced stigma for those that choose marijuana as their drug of choice. The trends all seem to add to one natural result. There is enormous opportunity for investors in an industry that is growing in every category. This panel will discuss the most important trends for investors in the industry.

• Arby Barroso, Co-founder at Green Roads World
• Brett Finkelstein, Managing Director at Phyto Partners, LP
• Jason Spatafora, Owner at MarijuanaStocks.com
• Matt Ginder, Partner at Greenspoon Marder, LLP
• Roman Bond, Founder at The Leafy Group
• Jonathan Conforti, VP of Corporate Development at Abacus Health Products, Inc.
• Robert Friedman (Moderator), Founder at Cannabis Labs

Cannabis Stocks: Back down to reality? What Investors Should Know About Cannabis Stocks In 2020

There’s something that investors in the cannabis industry can’t ignore the trends. There is a trend toward removing legal barriers on both a state and local level. There is a trend toward more research dollars and permissions to study its medicinal qualities. The trend of medical legalization on a state-by-state basis. The trend for legal recreational use. There is a trend toward more foreign investment flowing to the cannabis industry. A trend toward reduced stigma for those that choose marijuana as their drug of choice. The trends all seem to add to one natural result. There is enormous opportunity for investors in an industry that is growing in every category. This panel will discuss the most important trends for investors in the industry.

• Arby Barroso, Co-founder at Green Roads World
• Brett Finkelstein, Managing Director at Phyto Partners, LP
• Jason Spatafora, Owner at MarijuanaStocks.com
• Matt Ginder, Partner at Greenspoon Marder, LLP
• Roman Bond, Founder at The Leafy Group
• Jonathan Conforti, VP of Corporate Development at Abacus Health Products, Inc.
• Robert Friedman (Moderator), Founder at Cannabis Labs

Does Santa’s Early Arrival Mean Retailers will have a Merry Christmas?

(Note: companies that
could be impacted by the content of this article are listed at the base of the
story [desktop version]. This article uses third-party references to provide a
bullish, bearish, and balanced point of view; sources are listed after the
Balanced section.)

The National Retail Federation said that a record number of U.S. consumers spent more online and in stores over the five days between Thanksgiving and Cyber Monday than last year.  An NRF survey found 190 million people (up 14%) made purchases spending an average of $361.90 (up 16%).  Eighty-six percent of consumers had begun their shopping versus 77% last year at this time.  The increase in spending is well ahead of early NRF estimates for a 3.8-4.2% increase for the holiday season.  Does the strong start to holiday shopping mean a merry Christmas for the retail sector?  Or can the strong start be explained by other factors?

Friday, November 1, 2019

1-800-Flowers.com (FLWS)

A Surprisingly Good Harvest

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 full report for price target, fundamental analysis and rating.

• Fiscal first quarter beat expectations.  Total company revenue increased 10.5% to $187.3 million versus our $182.2 million estimate. Seasonal cash flow loss narrowed 18.6% to $11.3  million versus our $15.4 million loss estimate.
  
• Gross margins improved 30 basis points. After pursuing a price competitive strategy to increase share in its consumer floral business over the past year, the company…
  
  

  
  

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This Company Sponored 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 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.