Dimensional Fund Advisors LP boosted its stake in shares of FTD Companies, Inc. (NASDAQ:FTD) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,293,214 shares of the company’s stock after buying an additional 49,839 shares during the period. Dimensional Fund Advisors LP owned 8.36% of FTD Companies worth $46,185,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of FTD Companies during the fourth quarter worth $14,956,000. Alliancebernstein L.P. increased its position in shares of FTD Companies by 14.9% in the first quarter. Alliancebernstein L.P. now owns 1,344,539 shares of the company’s stock worth $27,079,000 after buying an additional 174,370 shares in the last quarter. Vanguard Group Inc. increased its position in shares of FTD Companies by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,523,000 shares of the company’s stock worth $30,674,000 after buying an additional 67,638 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of FTD Companies by 77.0% in the fourth quarter. Guggenheim Capital LLC now owns 68,038 shares of the company’s stock worth $1,622,000 after buying an additional 29,596 shares in the last quarter. Finally, Olstein Capital Management L.P. increased its position in shares of FTD Companies by 21.4% in the first quarter. Olstein Capital Management L.P. now owns 163,500 shares of the company’s stock worth $3,293,000 after buying an additional 28,801 shares in the last quarter. 59.65% of the stock is owned by hedge funds and other institutional investors.
Shares of FTD Companies, Inc. (FTD) traded up 0.90% during midday trading on Friday, hitting $18.98. 88,375 shares of the stock traded hands. The firm’s 50-day moving average is $19.53 and its 200 day moving average is $20.61. The company’s market capitalization is $520.70 million. FTD Companies, Inc. has a 52 week low of $16.62 and a 52 week high of $26.19.
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A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of FTD Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. DA Davidson assumed coverage on shares of FTD Companies in a research note on Wednesday, June 14th. They issued a “buy” rating and a $23.00 target price for the company. Finally, ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.67.
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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