FTD Companies Inc. (FTD) Raised to “Buy” at Zacks Investment Research
FTD Companies Inc. (NASDAQ:FTD) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $24.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 12.20% from the stock’s previous close.
According to Zacks, “FTD Companies, Inc. operates as a floral and gifting company. The Company provides floral, gift and related products and services to consumers, retail florists, and other retail locations primarily in the U.S., Canada, the U.K., and the Republic of Ireland. Its portfolio of brands also includes Flying Flowers, Flowers Direct, and Drake Algar in the U.K. FTD Companies, Inc. is headquartered in Downers Grove, Illinois. “
Several other equities analysts have also recently commented on FTD. B. Riley reaffirmed a “neutral” rating and issued a $21.00 price target on shares of FTD Companies in a report on Sunday. Monness Crespi & Hardt lowered FTD Companies from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.
Shares of FTD Companies (NASDAQ:FTD) traded down 1.16% during mid-day trading on Wednesday, reaching $21.39. The company’s stock had a trading volume of 152,815 shares. The firm’s market capitalization is $582.26 million. The company has a 50 day moving average of $20.45 and a 200-day moving average of $23.87. FTD Companies has a 12 month low of $16.86 and a 12 month high of $28.69.
FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.42. FTD Companies had a positive return on equity of 8.84% and a negative net margin of 6.84%. The business had revenue of $173.20 million for the quarter, compared to analyst estimates of $178.90 million. During the same period in the prior year, the firm posted ($0.57) EPS. FTD Companies’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities research analysts forecast that FTD Companies will post $2.07 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised 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 period. Goldman Sachs Group Inc. raised 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 during the period. BNP Paribas Arbitrage SA raised 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 during the period. Advisory Services Network LLC raised its stake in 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 during the period. Finally, Northpointe Capital LLC raised its stake in 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 during the period. Institutional investors own 63.83% 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, 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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