Jacobs Levy Equity Management Inc. Takes $1.96 Million Position in 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 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 331,720 shares of the specialty retailer's stock, valued at approximately $1,957,000. Jacobs Levy Equity Management Inc. owned about 0.52% of 1-800 FLOWERS.COM as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FLWS. Nomura Holdings Inc. boosted its holdings in 1-800 FLOWERS.COM by 63.6% in the fourth quarter. Nomura Holdings Inc. now owns 2,941,572 shares of the specialty retailer's stock valued at $24,033,000 after acquiring an additional 1,143,027 shares during the last quarter. ING Groep NV bought a new position in 1-800 FLOWERS.COM in the first quarter valued at about $4,425,000. Nuveen LLC bought a new position in 1-800 FLOWERS.COM in the first quarter valued at about $449,000. Quantbot Technologies LP grew its stake in shares of 1-800 FLOWERS.COM by 611.2% during the first quarter. Quantbot Technologies LP now owns 73,313 shares of the specialty retailer's stock worth $433,000 after purchasing an additional 63,005 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of 1-800 FLOWERS.COM by 405.4% during the first quarter. XTX Topco Ltd now owns 56,616 shares of the specialty retailer's stock worth $334,000 after purchasing an additional 45,413 shares during the period. Institutional investors own 38.43% of the company's stock.

Insider Transactions at 1-800 FLOWERS.COM

In other 1-800 FLOWERS.COM news, major shareholder Fund 1 Investments, Llc bought 27,657 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was purchased at an average cost of $5.02 per share, with a total value of $138,838.14. Following the completion of the purchase, the insider owned 9,507,330 shares in the company, valued at approximately $47,726,796.60. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 51.00% of the company's stock.

1-800 FLOWERS.COM Trading Down 1.8%

NASDAQ:FLWS traded down $0.10 on Tuesday, reaching $5.33. The company's stock had a trading volume of 370,771 shares, compared to its average volume of 447,402. 1-800 FLOWERS.COM, Inc. has a 1-year low of $3.86 and a 1-year high of $9.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 1.28. The firm has a market cap of $339.09 million, a PE ratio of -1.69 and a beta of 1.37. The business's 50-day moving average price is $5.61 and its two-hundred day moving average price is $5.47.

1-800 FLOWERS.COM (NASDAQ:FLWS - Get Free Report) last posted its 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). 1-800 FLOWERS.COM had a negative net margin of 11.86% and a negative return on equity of 13.87%. The business had revenue of $336.62 million during the quarter, compared to analyst estimates of $330.58 million. During the same period in the previous year, the firm posted ($0.34) earnings per share. The firm's revenue was down 6.7% on a year-over-year basis. Equities research analysts anticipate that 1-800 FLOWERS.COM, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research note on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.50.

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.