XTX Topco Ltd Has $334,000 Stock Position in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS)

Key Points

• XTX Topco Ltd increased its stake in 1-800 FLOWERS.COM by 405.4% during the first quarter, acquiring an additional 45,413 shares, bringing its total ownership to 56,616 shares valued at about $334,000.
• Major shareholder Fund 1 Investments purchased 105,000 shares at an average cost of $4.57, increasing its ownership stake by 1.15%.
• 1-800 FLOWERS.COM reported a loss of ($0.71) earnings per share for the last quarter, significantly worse than analysts’ expectations of ($0.34), with a year-over-year revenue decline of 23.1%.

XTX Topco Ltd grew its stake in 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS - Free Report) by 405.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,616 shares of the specialty retailer's stock after purchasing an additional 45,413 shares during the quarter. XTX Topco Ltd owned about 0.09% of 1-800 FLOWERS.COM worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of 1-800 FLOWERS.COM during the 4th quarter worth about $155,000. KLP Kapitalforvaltning AS bought a new position in shares of 1-800 FLOWERS.COM during the 4th quarter valued at about $37,000. JPMorgan Chase & Co. lifted its stake in 1-800 FLOWERS.COM by 129.8% in the 4th quarter. JPMorgan Chase & Co. now owns 32,388 shares of the specialty retailer's stock valued at $265,000 after acquiring an additional 18,293 shares in the last quarter. Wells Fargo & Company MN lifted its stake in 1-800 FLOWERS.COM by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 14,721 shares of the specialty retailer's stock valued at $120,000 after acquiring an additional 2,775 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in 1-800 FLOWERS.COM in the 4th quarter valued at approximately $419,000. 38.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FLWS has been the topic of several research reports. Wall Street Zen cut 1-800 FLOWERS.COM from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Noble Financial lowered 1-800 FLOWERS.COM from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of 1-800 FLOWERS.COM in a research note on Tuesday, July 29th.

1-800 FLOWERS.COM Price Performance

Shares of FLWS traded up $0.09 during mid-day trading on Tuesday, reaching $5.53. The company had a trading volume of 416,266 shares, compared to its average volume of 719,900. The company's 50 day simple moving average is $5.47 and its 200 day simple moving average is $5.95. The company has a market capitalization of $351.49 million, a price-to-earnings ratio of -2.09 and a beta of 1.37. 1-800 FLOWERS.COM, Inc. has a 1-year low of $3.86 and a 1-year high of $9.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 1.55.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc bought 105,000 shares of the stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $4.57 per share, with a total value of $479,850.00. Following the acquisition, the insider directly owned 9,223,777 shares in the company, valued at approximately $42,152,660.89. This trade represents a 1.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 488,049 shares of company stock worth $2,347,042 in the last three months. 51.00% of the stock is currently owned by corporate insiders.

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.