Shutterfly Inc. (SFLY) Receives Consensus Rating of “Buy” from Analysts
Shutterfly Inc. (NASDAQ:SFLY) has been assigned an average rating of “Buy” from the thirteen brokerages that are covering the firm. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $52.36.
SFLY has been the subject of several recent research reports. Robert W. Baird restated an “outperform” rating and set a $59.00 target price on shares of Shutterfly in a research report on Wednesday, September 14th. Needham & Company LLC restated a “buy” rating and set a $56.00 target price on shares of Shutterfly in a research report on Friday, September 23rd. Jefferies Group restated a “hold” rating and set a $55.00 target price on shares of Shutterfly in a research report on Monday, August 22nd. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research report on Monday, October 3rd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $55.00 target price on shares of Shutterfly in a research report on Tuesday, August 9th.
In other news, Director Thomas David Hughes sold 1,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $51.61, for a total value of $51,610.00. Following the sale, the director now owns 3,957 shares of the company’s stock, valued at $204,220.77. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lisa Blackwood-Kapral sold 770 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $50.16, for a total transaction of $38,623.20. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Pacad Investment Ltd. purchased a new stake in shares of Shutterfly during the first quarter valued at $427,000. Teachers Advisors Inc. increased its stake in shares of Shutterfly by 20.8% in the first quarter. Teachers Advisors Inc. now owns 91,999 shares of the company’s stock valued at $4,266,000 after buying an additional 15,846 shares in the last quarter. BlackRock Inc. increased its stake in shares of Shutterfly by 113.6% in the first quarter. BlackRock Inc. now owns 2,473 shares of the company’s stock valued at $115,000 after buying an additional 1,315 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Shutterfly by 82.8% in the first quarter. BlackRock Group LTD now owns 38,275 shares of the company’s stock valued at $1,775,000 after buying an additional 17,332 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Shutterfly by 8.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 966,972 shares of the company’s stock valued at $44,838,000 after buying an additional 76,050 shares in the last quarter. 97.74% of the stock is currently owned by institutional investors and hedge funds.
Shutterfly (NASDAQ:SFLY) traded down 1.81% during mid-day trading on Tuesday, hitting $45.15. 115,272 shares of the stock traded hands. The company has a market cap of $1.53 billion, a P/E ratio of 71.67 and a beta of 1.17. The company’s 50 day moving average is $48.21 and its 200 day moving average is $48.08. Shutterfly has a 12 month low of $35.91 and a 12 month high of $54.60.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Wednesday, July 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.17. The company earned $204 million during the quarter, compared to analyst estimates of $200.73 million. Shutterfly had a net margin of 2.01% and a return on equity of 4.86%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.63) earnings per share. On average, analysts expect that Shutterfly will post $0.55 earnings per share for the current fiscal year.
Shutterfly, Inc is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products.
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