FTD Companies Inc (NASDAQ:FTD) – DA Davidson dropped their FY2017 earnings estimates for shares of FTD Companies in a report released on Friday. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $0.47 for the year, down from their prior estimate of $0.49. DA Davidson has a “Neutral” rating and a $8.00 price target on the stock. DA Davidson also issued estimates for FTD Companies’ Q4 2017 earnings at $0.05 EPS.
FTD has been the topic of several other reports. ValuEngine lowered shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of FTD Companies from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of FTD. Crossmark Global Holdings Inc. bought a new stake in FTD Companies in the 4th quarter valued at about $127,000. Aperio Group LLC purchased a new position in shares of FTD Companies during the 3rd quarter valued at about $142,000. Stone Ridge Asset Management LLC purchased a new position in shares of FTD Companies during the 4th quarter valued at about $161,000. Arizona State Retirement System purchased a new position in shares of FTD Companies during the 4th quarter valued at about $203,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of FTD Companies by 81.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,208 shares of the company’s stock valued at $211,000 after buying an additional 7,292 shares in the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.
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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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