Principal Financial Group Inc. raised its stake in shares of FTD Companies, Inc. (NASDAQ:FTD) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,352 shares of the company’s stock after buying an additional 4,583 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of FTD Companies worth $2,625,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in FTD. Ameriprise Financial Inc. raised its position in FTD Companies by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 90,930 shares of the company’s stock valued at $1,832,000 after buying an additional 3,275 shares during the last quarter. Olstein Capital Management L.P. raised its position in FTD Companies by 21.4% in the first quarter. Olstein Capital Management L.P. now owns 163,500 shares of the company’s stock valued at $3,293,000 after buying an additional 28,801 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of FTD Companies by 25.8% in the first quarter. Gabelli Funds LLC now owns 19,500 shares of the company’s stock valued at $393,000 after buying an additional 4,000 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of FTD Companies by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 27,370 shares of the company’s stock valued at $551,000 after buying an additional 1,661 shares during the period. Finally, Comerica Bank increased its stake in shares of FTD Companies by 3.4% in the first quarter. Comerica Bank now owns 18,970 shares of the company’s stock valued at $386,000 after buying an additional 622 shares during the period. 59.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of FTD Companies, Inc. (FTD) opened at 18.94 on Wednesday. FTD Companies, Inc. has a 52-week low of $16.63 and a 52-week high of $26.19. The firm’s 50-day moving average price is $19.51 and its 200-day moving average price is $20.57. The firm’s market capitalization is $519.60 million.
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FTD has been the topic of several recent research reports. DA Davidson initiated coverage on FTD Companies in a report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price target on the stock. ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded FTD Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $22.67.
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, 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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