Nationwide Fund Advisors cut its position in shares of FTD Companies Inc. (NASDAQ:FTD) by 35.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,439 shares of the company’s stock after selling 17,000 shares during the period. Nationwide Fund Advisors owned approximately 0.11% of FTD Companies worth $785,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Fund Advisors boosted its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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. BNP Paribas Arbitrage SA boosted its position in shares of 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. Advisory Services Network LLC boosted its position in shares of FTD Companies by 130.0% in the second quarter. Advisory Services Network LLC now owns 4,600 shares of the company’s stock worth $115,000 after buying an additional 2,600 shares in the last quarter. Finally, Northpointe Capital LLC boosted its position in shares of FTD Companies by 12.9% in the second quarter. Northpointe Capital LLC now owns 325,826 shares of the company’s stock worth $8,133,000 after buying an additional 37,294 shares in the last quarter. 62.56% of the stock is owned by hedge funds and other institutional investors.
FTD Companies Inc. (NASDAQ:FTD) traded down 2.11% on Friday, reaching $19.94. 238,545 shares of the company traded hands. The stock’s market capitalization is $545.78 million. The firm has a 50 day moving average of $20.85 and a 200-day moving average of $24.54. FTD Companies Inc. has a one year low of $16.86 and a one year high of $29.50.
FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 had revenue of $338.57 million for the quarter, compared to the consensus estimate of $351.50 million. During the same period in the prior year, the company earned $0.61 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, analysts anticipate that FTD Companies Inc. will post $2.04 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Monness Crespi & Hardt cut shares of FTD Companies from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. B. Riley reiterated a “buy” rating and set a $38.00 target price on shares of FTD Companies in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of FTD Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Finally, Craig Hallum cut shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Five research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $27.33.
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.