Lisa Blackwood-Kapral Sells 1,900 Shares of Shutterfly Inc. (SFLY) Stock
Shutterfly Inc. (NASDAQ:SFLY) insider Lisa Blackwood-Kapral sold 1,900 shares of Shutterfly stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $49.93, for a total transaction of $94,867.00. Following the sale, the insider now owns 1,900 shares of the company’s stock, valued at approximately $94,867. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Shutterfly Inc. (NASDAQ:SFLY) opened at 50.98 on Tuesday. The stock has a 50 day moving average of $46.66 and a 200-day moving average of $48.11. Shutterfly Inc. has a 12-month low of $35.91 and a 12-month high of $54.60. The firm has a market capitalization of $1.73 billion, a P/E ratio of 31.35 and a beta of 1.30.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Wednesday, October 26th. The company reported ($0.86) earnings per share (EPS) for the quarter, beating 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 company earned $187.30 million during the quarter, compared to the consensus estimate of $183.59 million. During the same quarter in the prior year, the firm posted ($1.25) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Shutterfly Inc. will post $0.63 EPS for the current fiscal year.
SFLY has been the subject of several analyst reports. Robert W. Baird reiterated an “outperform” rating and set a $59.00 price target on shares of Shutterfly in a research report on Wednesday, September 14th. Needham & Company LLC reiterated a “buy” rating and set a $56.00 price target on shares of Shutterfly in a research report on Friday, September 23rd. Jefferies Group reiterated a “hold” rating and set a $55.00 price target 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 price target for the company in a research report on Monday, October 3rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $55.00 price target on shares of Shutterfly in a research report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $52.58.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFLY. 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 worth $108,753,000 after buying an additional 107,457 shares in 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 worth $70,998,000 after buying an additional 692,157 shares in 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 worth $67,814,000 after buying an additional 25,438 shares in 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 worth $60,269,000 after buying an additional 57,753 shares in 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 worth $27,085,000 after buying an additional 433,000 shares in the last quarter. 98.17% of the stock is owned by institutional investors.
Shutterfly Company Profile
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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