Virginia Retirement Systems ET AL purchased a new position in FTD Companies Inc. (NASDAQ:FTD) during the second quarter, Holdings Channel reports. The institutional investor purchased 42,300 shares of the company’s stock, valued at approximately $1,056,000. Virginia Retirement Systems ET AL owned approximately 0.15% of FTD Companies at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTD. Dimensional Fund Advisors LP boosted its stake in FTD Companies by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,139,772 shares of the company’s stock worth $53,409,000 after buying an additional 253,389 shares during the last quarter. BlackRock Fund Advisors boosted its stake in FTD Companies by 0.5% in the first quarter. BlackRock Fund Advisors now owns 1,188,858 shares of the company’s stock worth $31,208,000 after buying an additional 6,403 shares during the last quarter. GMT Capital Corp boosted its stake in FTD Companies by 726.0% in the second quarter. GMT Capital Corp now owns 668,200 shares of the company’s stock worth $16,678,000 after buying an additional 587,300 shares during the last quarter. Boston Partners boosted its stake in FTD Companies by 1.0% in the second quarter. Boston Partners now owns 665,668 shares of the company’s stock worth $16,615,000 after buying an additional 6,830 shares during the last quarter. Finally, Norges Bank bought a new stake in FTD Companies during the fourth quarter worth $11,117,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Shares of FTD Companies Inc. (NASDAQ:FTD) opened at 20.57 on Friday. FTD Companies Inc. has a 12 month low of $16.86 and a 12 month high of $30.34. The stock has a 50 day moving average price of $22.66 and a 200-day moving average price of $25.26. The stock’s market cap is $563.02 million.
FTD Companies (NASDAQ:FTD) last posted its earnings results on Thursday, August 4th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.88 by $0.45. FTD Companies had a negative net margin of 7.31% and a positive return on equity of 7.74%. The business earned $338.57 million during the quarter, compared to analyst estimates of $351.50 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, analysts forecast that FTD Companies Inc. will post $2.04 EPS for the current fiscal year.
Several research firms have recently commented on FTD. Craig Hallum cut FTD Companies from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Zacks Investment Research cut FTD Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. B. Riley reissued a “buy” rating and issued a $38.00 price target on shares of FTD Companies in a report on Tuesday, August 2nd. Finally, Monness Crespi & Hardt cut FTD Companies from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $27.33.
About FTD Companies
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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