Shutterfly, Inc. (NASDAQ:SFLY) SVP Tracy Layney sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $74.34, for a total value of $68,690.16. Following the sale, the senior vice president now owns 27,410 shares of the company’s stock, valued at approximately $2,037,659.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shutterfly, Inc. (NASDAQ:SFLY) opened at $75.03 on Monday. The stock has a market capitalization of $2,423.24, a price-to-earnings ratio of 80.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38. Shutterfly, Inc. has a 52-week low of $39.76 and a 52-week high of $75.36.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.25. The firm had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. Shutterfly’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 earnings per share. equities analysts expect that Shutterfly, Inc. will post 2.09 EPS for the current fiscal year.
Shutterfly declared that its board has initiated a stock buyback program on Tuesday, January 30th that allows the company to repurchase shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in SFLY. Bamco Inc. NY purchased a new position in Shutterfly in the third quarter worth $36,360,000. Rice Hall James & Associates LLC raised its position in Shutterfly by 70.9% in the third quarter. Rice Hall James & Associates LLC now owns 801,520 shares of the technology company’s stock worth $38,858,000 after acquiring an additional 332,434 shares in the last quarter. Wells Fargo & Company MN raised its position in Shutterfly by 430.8% in the fourth quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock worth $19,653,000 after acquiring an additional 320,604 shares in the last quarter. Fine Capital Partners L.P. increased its position in shares of Shutterfly by 19.8% in the third quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock valued at $79,801,000 after buying an additional 272,200 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Shutterfly in the fourth quarter valued at $9,788,000.
Several research firms have recently commented on SFLY. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. BidaskClub upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Aegis restated a “buy” rating and set a $56.00 price target on shares of Shutterfly in a research note on Tuesday, October 24th. Goldman Sachs Group cut Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 price target for the company. in a research note on Wednesday, January 17th. Finally, Zacks Investment Research upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $56.88.
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Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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