Jacobs Levy Equity Management Inc. Buys Shares of 331,720 1-800 FLOWERS.COM, Inc. $FLWS

Key Points

• Jacobs Levy Equity Management Inc. purchased 331,720 shares of 1-800 FLOWERS.COM valued at approximately $1,957,000, marking a new stake in the company.
• Institutional investors collectively own about 38.43% of 1-800 FLOWERS.COM, with several firms significantly increasing their holdings in the first quarter.
• The company reported a loss of ($0.69) EPS for the last quarter, missing the consensus estimate, while revenue decreased by 6.7% year-over-year.

Jacobs Levy Equity Management Inc. purchased a new stake in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 331,720 shares of the specialty retailer's stock, valued at approximately $1,957,000. Jacobs Levy Equity Management Inc. owned approximately 0.52% of 1-800 FLOWERS.COM at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FLWS. Nomura Holdings Inc. raised its position in 1-800 FLOWERS.COM by 63.6% in the 4th quarter. Nomura Holdings Inc. now owns 2,941,572 shares of the specialty retailer's stock valued at $24,033,000 after purchasing an additional 1,143,027 shares in the last quarter. ING Groep NV acquired a new stake in 1-800 FLOWERS.COM in the 1st quarter valued at about $4,425,000. Nuveen LLC acquired a new stake in 1-800 FLOWERS.COM in the 1st quarter valued at about $449,000. Quantbot Technologies LP raised its position in shares of 1-800 FLOWERS.COM by 611.2% during the 1st quarter. Quantbot Technologies LP now owns 73,313 shares of the specialty retailer's stock worth $433,000 after acquiring an additional 63,005 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of 1-800 FLOWERS.COM by 405.4% during the 1st quarter. XTX Topco Ltd now owns 56,616 shares of the specialty retailer's stock worth $334,000 after acquiring an additional 45,413 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Transactions at 1-800 FLOWERS.COM

In related news, major shareholder Fund 1 Investments, Llc bought 27,657 shares of the stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of $5.02 per share, for a total transaction of $138,838.14. Following the purchase, the insider owned 9,507,330 shares of the company's stock, valued at $47,726,796.60. This trade represents a 0.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 51.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research report on Saturday, August 30th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.50.

1-800 FLOWERS.COM Stock Performance

NASDAQ:FLWS traded up $0.13 during mid-day trading on Friday, reaching $5.39. 378,736 shares of the stock were exchanged, compared to its average volume of 442,825. The company has a 50 day simple moving average of $5.61 and a 200-day simple moving average of $5.50. The stock has a market capitalization of $342.59 million, a P/E ratio of -1.71 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 1.28 and a debt-to-equity ratio of 0.50. 1-800 FLOWERS.COM, Inc. has a 1 year low of $3.86 and a 1 year high of $9.24.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The specialty retailer reported ($0.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.18). The firm had revenue of $336.62 million for the quarter, compared to analysts' expectations of $330.58 million. 1-800 FLOWERS.COM had a negative return on equity of 13.87% and a negative net margin of 11.86%.The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) EPS. Analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current fiscal year.

1-800 FLOWERS.COM Profile

1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.