DA Davidson Cuts FTD Companies, Inc. (FTD) Price Target to $8.00

FTD Companies, Inc. (NASDAQ:FTD) had its target price trimmed by DA Davidson from $17.00 to $8.00 in a research report released on Wednesday morning. The brokerage currently has a neutral rating on the stock.

Several other analysts have also issued reports on the company. Craig Hallum reduced their target price on FTD Companies from $18.00 to $10.00 and set a hold rating on the stock in a report on Thursday, November 9th. Zacks Investment Research raised FTD Companies from a strong sell rating to a hold rating in a report on Tuesday, October 10th. Finally, BidaskClub lowered FTD Companies from a sell rating to a strong sell rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $13.00.

FTD Companies (FTD) traded up $0.15 on Wednesday, hitting $7.76. The stock had a trading volume of 188,770 shares, compared to its average volume of 236,181. The firm has a market cap of $213.76, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.62 and a beta of 0.55. FTD Companies has a 12 month low of $6.93 and a 12 month high of $26.19. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

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Several hedge funds have recently made changes to their positions in FTD. JPMorgan Chase & Co. lifted its position in shares of FTD Companies by 2.0% during the 1st quarter. JPMorgan Chase & Co. now owns 13,981 shares of the company’s stock worth $282,000 after buying an additional 275 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of FTD Companies by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 130,352 shares of the company’s stock worth $2,625,000 after buying an additional 4,583 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of FTD Companies by 1.9% during the 1st quarter. Teachers Advisors LLC now owns 57,228 shares of the company’s stock worth $1,153,000 after buying an additional 1,086 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of FTD Companies by 18.9% during the 1st quarter. California Public Employees Retirement System now owns 42,200 shares of the company’s stock worth $850,000 after buying an additional 6,700 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of FTD Companies by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock worth $109,000 after buying an additional 56 shares during the last quarter. 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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