NEW YORK (TheStreet) -- Shares of 1-800-Flowers.com Inc. (FLWS) are higher by 1.59% to $6.40 on Thursday morning after the company reported an increase in net income for the fiscal 2014 fourth quarter to $3.4 million, or 5 cents per share, compared to a net loss of $1.7 million, or 3 cents per share for the year ago quarter.
The florist and gift shop company said revenue grew 8.3% to $187.4 million, from $173 million for the 2013 fourth quarter.
For the full fiscal year 1-800-Flowers said its full year 2014 net income was $15.3 million, or 24 cents per share, compared to $12.3 million, or 19 cents per share for the full year 2013.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Revenue for the year increased to $756.3 million, from $735.5 million last year.
Separately, TheStreet Ratings team rates 1-800-FLOWERS.COM as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate 1-800-FLOWERS.COM (FLWS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."