New York State Common Retirement Fund increased its stake in FTD Companies, Inc. (NASDAQ:FTD) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,933 shares of the company’s stock after purchasing an additional 2,692 shares during the period. New York State Common Retirement Fund owned 0.11% of FTD Companies worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in FTD Companies by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,293,214 shares of the company’s stock worth $46,185,000 after purchasing an additional 49,839 shares in the last quarter. Vanguard Group Inc. raised its position in FTD Companies by 4.6% during the 1st 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 during the last quarter. Alliancebernstein L.P. raised its position in FTD Companies by 10.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,484,390 shares of the company’s stock worth $29,688,000 after buying an additional 139,851 shares during the last quarter. Boston Partners raised its position in FTD Companies by 2.5% during the 2nd quarter. Boston Partners now owns 712,648 shares of the company’s stock worth $14,253,000 after buying an additional 17,530 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in FTD Companies by 3.1% during the 2nd quarter. Prudential Financial Inc. now owns 283,908 shares of the company’s stock worth $5,678,000 after buying an additional 8,443 shares during the last quarter. Institutional investors own 59.33% of the company’s stock.

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FTD Companies, Inc. (NASDAQ FTD) opened at $8.09 on Friday. FTD Companies, Inc. has a 1 year low of $8.01 and a 1 year high of $26.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.85. The stock has a market cap of $269.96, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.84 and a beta of 0.58.

A number of equities analysts have issued reports on the stock. DA Davidson lowered shares of FTD Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $17.00 in a research report on Wednesday, August 9th. BidaskClub lowered shares of FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Craig Hallum reduced their price target on shares of FTD Companies from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Zacks Investment Research lowered shares of FTD Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. FTD Companies currently has a consensus rating of “Hold” and an average price target of $16.00.

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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Institutional Ownership by Quarter for FTD Companies (NASDAQ:FTD)

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