Zacks Investment Research lowered shares of FTD Companies Inc. (NASDAQ:FTD) from a hold rating to a sell rating in a report published on Monday.
According to Zacks, “FTD Companies, Inc. operates as a floral and gifting company. The Company provides floral, gift and related products and services to consumers, retail florists, and other retail locations primarily in the U.S., Canada, the U.K., and the Republic of Ireland. Its portfolio of brands also includes Flying Flowers, Flowers Direct, and Drake Algar in the U.K. FTD Companies, Inc. is headquartered in Downers Grove, Illinois. “
Separately, B. Riley restated a buy rating and set a $68.75 target price on shares of FTD Companies in a research report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. FTD Companies currently has an average rating of Hold and an average target price of $25.00.
Shares of FTD Companies (NASDAQ:FTD) opened at 23.10 on Monday. The firm’s market cap is $628.81 million. FTD Companies has a one year low of $16.86 and a one year high of $28.69. The company has a 50 day moving average of $24.14 and a 200-day moving average of $23.06.
FTD Companies (NASDAQ:FTD) last announced its quarterly earnings results on Monday, November 7th. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.42. FTD Companies had a negative net margin of 6.84% and a positive return on equity of 8.84%. The company earned $173.20 million during the quarter, compared to analyst estimates of $178.90 million. During the same quarter last year, the company posted ($0.57) EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts expect that FTD Companies will post $2.07 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in FTD. Martingale Asset Management L P raised its position in shares of FTD Companies by 1.8% in the second quarter. Martingale Asset Management L P now owns 16,808 shares of the company’s stock worth $420,000 after buying an additional 300 shares during the last quarter. California State Teachers Retirement System raised its position in shares of FTD Companies by 0.8% in the third quarter. California State Teachers Retirement System now owns 36,865 shares of the company’s stock worth $758,000 after buying an additional 300 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of FTD Companies by 3.7% in the second quarter. Thrivent Financial for Lutherans now owns 8,630 shares of the company’s stock worth $215,000 after buying an additional 310 shares during the last quarter. BlackRock Inc. raised its position in shares of FTD Companies by 7.9% in the third quarter. BlackRock Inc. now owns 4,925 shares of the company’s stock worth $101,000 after buying an additional 359 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of FTD Companies by 3.1% in the third quarter. Rhumbline Advisers now owns 26,099 shares of the company’s stock worth $537,000 after buying an additional 780 shares during the last quarter. Hedge funds and other institutional investors own 61.01% of the company’s stock.
FTD Companies Company Profile
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, it is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations.
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