Shutterfly (NASDAQ:SFLY) had its price target lifted by Robert W. Baird to $85.00 in a report published on Friday. Robert W. Baird currently has a neutral rating on the technology company’s stock.
A number of other research analysts have also recently issued reports on SFLY. Aegis reiterated a buy rating and issued a $57.00 target price on shares of Shutterfly in a research report on Wednesday, December 27th. ValuEngine upgraded Shutterfly from a sell rating to a hold rating in a research report on Friday, December 29th. BidaskClub upgraded Shutterfly from a sell rating to a hold rating in a research report on Friday, December 29th. SunTrust Banks lifted their target price on Shutterfly to $60.00 and gave the company a buy rating in a research report on Friday, January 12th. Finally, Goldman Sachs cut Shutterfly from a neutral rating to a sell rating and set a $46.00 target price on the stock. in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $61.25.
Shares of NASDAQ SFLY traded down $0.30 during mid-day trading on Friday, reaching $80.03. The company had a trading volume of 710,985 shares, compared to its average volume of 681,559. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 1.40. Shutterfly has a one year low of $39.76 and a one year high of $86.41. The stock has a market capitalization of $2,612.08, a P/E ratio of 76.22 and a beta of 0.88.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The company had revenue of $593.80 million for the quarter, compared to analysts’ expectations of $556.40 million. During the same quarter last year, the business earned $2.63 earnings per share. Shutterfly’s revenue was up 5.8% on a year-over-year basis. equities research analysts forecast that Shutterfly will post 2.09 earnings per share for the current year.
Shutterfly announced that its Board of Directors has approved a share buyback plan on Tuesday, January 30th that permits the company to buyback outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
In other news, SVP John Boris sold 23,907 shares of Shutterfly stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $79.39, for a total transaction of $1,897,976.73. Following the sale, the senior vice president now directly owns 7,500 shares of the company’s stock, valued at $595,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Swette sold 13,401 shares of Shutterfly stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.86, for a total value of $1,016,599.86. Following the sale, the director now directly owns 25,260 shares in the company, valued at $1,916,223.60. The disclosure for this sale can be found here. Insiders have sold 301,082 shares of company stock worth $21,549,580 over the last three months. Insiders own 0.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in SFLY. Bamco Inc. NY acquired a new stake in shares of Shutterfly during the third quarter valued at about $36,360,000. Wells Fargo & Company MN lifted its stake in shares of 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 during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Shutterfly in the fourth quarter worth approximately $9,788,000. Maverick Capital Ltd. lifted its stake in shares of Shutterfly by 631.7% in the fourth quarter. Maverick Capital Ltd. now owns 185,820 shares of the technology company’s stock worth $9,245,000 after acquiring an additional 160,423 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Shutterfly by 81.6% in the fourth quarter. Renaissance Technologies LLC now owns 333,400 shares of the technology company’s stock worth $16,587,000 after acquiring an additional 149,800 shares during the period.
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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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