Shutterfly Inc. (SFLY) Receives $52.36 Average PT from Analysts
Shutterfly Inc. (NASDAQ:SFLY) has been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the stock. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $52.36.
Several equities research analysts have weighed in on SFLY shares. Robert W. Baird reiterated an “outperform” rating and issued a $59.00 target price on shares of Shutterfly in a report on Wednesday, September 14th. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 target price on shares of Shutterfly in a report on Friday, September 23rd. Jefferies Group reissued a “hold” rating and issued a $55.00 price target on shares of Shutterfly in a research report on Monday, August 22nd. Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research report on Monday, October 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $55.00 price target on shares of Shutterfly in a research report on Tuesday, August 9th.
Shutterfly (NASDAQ:SFLY) opened at 50.25 on Wednesday. The firm has a 50-day moving average price of $46.49 and a 200 day moving average price of $48.08. Shutterfly has a 12 month low of $35.91 and a 12 month high of $54.60. The stock has a market capitalization of $1.71 billion, a PE ratio of 30.90 and a beta of 1.30.
Shutterfly (NASDAQ:SFLY) last issued its earnings results on Wednesday, October 26th. The company reported ($0.86) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.06. Shutterfly had a return on equity of 10.48% and a net margin of 5.00%. The business earned $187.30 million during the quarter, compared to analysts’ expectations of $183.59 million. During the same period in the prior year, the business earned ($1.25) EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts anticipate that Shutterfly will post $0.63 earnings per share for the current year.
In other Shutterfly news, SVP Ishantha Lokuge sold 7,500 shares of the business’s stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $43.31, for a total transaction of $324,825.00. Following the sale, the senior vice president now owns 3,930 shares in the company, valued at approximately $170,208.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael W. Pope sold 35,000 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $47.91, for a total value of $1,676,850.00. Following the sale, the chief financial officer now owns 17,500 shares in the company, valued at approximately $838,425. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Shutterfly by 4.8% in the second quarter. Vanguard Group Inc. now owns 2,333,253 shares of the company’s stock valued at $108,753,000 after buying an additional 107,457 shares during the last quarter. Park West Asset Management LLC increased its stake in Shutterfly by 77.1% in the third quarter. Park West Asset Management LLC now owns 1,590,448 shares of the company’s stock valued at $70,998,000 after buying an additional 692,157 shares during the last quarter. Alliancebernstein L.P. increased its stake in Shutterfly by 1.8% in the second quarter. Alliancebernstein L.P. now owns 1,454,918 shares of the company’s stock valued at $67,814,000 after buying an additional 25,438 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Shutterfly by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,293,054 shares of the company’s stock valued at $60,269,000 after buying an additional 57,753 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Shutterfly by 286.6% in the first quarter. Renaissance Technologies LLC now owns 584,100 shares of the company’s stock valued at $27,085,000 after buying an additional 433,000 shares during the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.
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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