A number of other brokerages also recently issued reports on FTD. BidaskClub downgraded FTD Companies from a hold rating to a sell rating in a research note on Thursday, July 27th. DA Davidson downgraded FTD Companies from a buy rating to a neutral rating and cut their price objective for the company from $23.00 to $17.00 in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded FTD Companies from a strong sell rating to a hold rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $16.00.
Shares of FTD Companies (FTD) traded down $1.71 during trading hours on Thursday, hitting $8.09. The company had a trading volume of 552,800 shares, compared to its average volume of 160,691. The company has a market cap of $222.85, a P/E ratio of 9.52, a PEG ratio of 0.69 and a beta of 0.58. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. FTD Companies has a 52 week low of $8.01 and a 52 week high of $26.19.
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A number of hedge funds have recently bought and sold shares of FTD. Ameriprise Financial Inc. boosted its stake in FTD Companies by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 90,930 shares of the company’s stock worth $1,832,000 after purchasing an additional 3,275 shares during the period. JPMorgan Chase & Co. boosted its stake in FTD Companies by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 13,981 shares of the company’s stock worth $282,000 after purchasing an additional 275 shares during the period. Principal Financial Group Inc. boosted its stake in FTD Companies by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 130,352 shares of the company’s stock worth $2,625,000 after purchasing an additional 4,583 shares during the period. Teachers Advisors LLC boosted its stake in FTD Companies by 1.9% in the 1st quarter. Teachers Advisors LLC now owns 57,228 shares of the company’s stock worth $1,153,000 after purchasing an additional 1,086 shares during the period. Finally, California Public Employees Retirement System boosted its stake in FTD Companies by 18.9% in the 1st quarter. California Public Employees Retirement System now owns 42,200 shares of the company’s stock worth $850,000 after purchasing an additional 6,700 shares during the period. Institutional investors and hedge funds own 59.35% 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, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
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