Rice Hall James & Associates LLC Sells 1,300 Shares of FTD Companies Inc. (FTD)
Rice Hall James & Associates LLC lowered its stake in FTD Companies Inc. (NASDAQ:FTD) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 54,082 shares of the company’s stock after selling 1,300 shares during the period. Rice Hall James & Associates LLC’s holdings in FTD Companies were worth $1,350,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. 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 position in FTD Companies by 124.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,482 shares of the company’s stock valued at $137,000 after buying an additional 3,038 shares during the last quarter. Virginia Retirement System purchased a new position in FTD Companies during the first quarter valued at $1,110,000. Goldman Sachs Group Inc. boosted its position in FTD Companies by 173.8% in the first quarter. Goldman Sachs Group Inc. now owns 46,852 shares of the company’s stock valued at $1,230,000 after buying an additional 29,739 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in FTD Companies by 0.5% in the first quarter. BlackRock Fund Advisors now owns 1,188,858 shares of the company’s stock valued at $31,208,000 after buying an additional 6,403 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Shares of FTD Companies Inc. (NASDAQ:FTD) traded down 1.18% during trading on Friday, hitting $20.98. 114,974 shares of the company’s stock were exchanged. FTD Companies Inc. has a one year low of $16.86 and a one year high of $30.34. The firm has a 50-day moving average price of $22.14 and a 200-day moving average price of $25.09. The stock’s market cap is $574.24 million.
FTD Companies (NASDAQ:FTD) last posted its earnings results on Thursday, August 4th. The company reported $0.43 earnings per share 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 business earned $338.57 million during the quarter, compared to the consensus estimate of $351.50 million. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts expect that FTD Companies Inc. will post $2.04 EPS for the current fiscal year.
A number of research analysts recently commented on the company. B. Riley reissued a “neutral” rating and issued a $24.00 target price on shares of FTD Companies in a research note on Wednesday, September 21st. Zacks Investment Research raised FTD Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Monness Crespi & Hardt cut FTD Companies from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th. Finally, Craig Hallum cut FTD Companies from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Five research analysts have rated the stock with a hold rating, The company currently 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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