PNC Financial Services Group Inc. reduced its stake in shares of FTD Companies Inc. (NASDAQ:FTD) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 5,482 shares of the company’s stock after selling 3 shares during the period. PNC Financial Services Group Inc.’s holdings in FTD Companies were worth $136,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of FTD. Advisory Services Network LLC boosted its position in FTD Companies by 130.0% in the second quarter. Advisory Services Network LLC now owns 4,600 shares of the company’s stock valued at $115,000 after buying an additional 2,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in FTD Companies by 124.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,482 shares of the company’s stock worth $137,000 after buying an additional 3,038 shares in the last quarter. KBC Group NV purchased a new stake in FTD Companies during the second quarter worth $260,000. Virginia Retirement System purchased a new stake in FTD Companies during the first quarter worth $1,110,000. Finally, Goldman Sachs Group Inc. boosted its stake in FTD Companies by 173.8% in the first quarter. Goldman Sachs Group Inc. now owns 46,852 shares of the company’s stock worth $1,230,000 after buying an additional 29,739 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
FTD Companies Inc. (NASDAQ:FTD) traded up 1.53% during midday trading on Monday, reaching $21.30. The company had a trading volume of 14,110 shares. The company’s market capitalization is $583.00 million. FTD Companies Inc. has a 52-week low of $16.86 and a 52-week high of $30.34. The company’s 50 day moving average is $22.14 and its 200-day moving average is $25.09.
FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by $0.45. FTD Companies had a positive return on equity of 7.74% and a negative net margin of 7.31%. The firm earned $338.57 million during the quarter, compared to analyst estimates of $351.50 million. During the same period in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Equities analysts expect that FTD Companies Inc. will post $2.04 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $24.00 price target on shares of FTD Companies in a report on Wednesday, September 21st. Zacks Investment Research upgraded FTD Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Monness Crespi & Hardt cut FTD Companies from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. Finally, Craig Hallum cut FTD Companies from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average 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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