Shutterfly, Inc. (NASDAQ:SFLY) has earned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $56.86.
A number of equities research analysts have weighed in on SFLY shares. Aegis reaffirmed a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research report on Wednesday, December 27th. BidaskClub raised Shutterfly from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. 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. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Goldman Sachs Group lowered Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a research report on Wednesday, January 17th.
Shutterfly (SFLY) traded up $1.09 on Friday, reaching $85.85. The company had a trading volume of 486,988 shares, compared to its average volume of 1,237,545. Shutterfly has a one year low of $39.76 and a one year high of $86.41. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2,760.00, a PE ratio of 217.15 and a beta of 0.93.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $556.40 million. During the same quarter in the previous year, the business earned $2.63 EPS. Shutterfly’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts anticipate that Shutterfly will post 2.09 EPS for the current fiscal year.
Shutterfly announced that its Board of Directors has authorized a share buyback plan on Tuesday, January 30th that permits the company to buyback shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, CEO Christopher North sold 170,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total value of $11,519,200.00. Following the completion of the transaction, the chief executive officer now directly owns 97,394 shares of the company’s stock, valued at approximately $6,599,417.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jason Sebring sold 1,625 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $76.02, for a total value of $123,532.50. Following the completion of the transaction, the vice president now directly owns 1,625 shares of the company’s stock, valued at $123,532.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 271,209 shares of company stock valued at $19,135,865. 0.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in shares of Shutterfly by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,941 shares of the technology company’s stock worth $520,000 after acquiring an additional 237 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Shutterfly by 0.7% in the 4th quarter. Teachers Advisors LLC now owns 102,111 shares of the technology company’s stock worth $5,080,000 after acquiring an additional 694 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Shutterfly by 13.4% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock worth $301,000 after acquiring an additional 714 shares in the last quarter. First Trust Advisors LP raised its position in shares of Shutterfly by 9.6% in the 3rd quarter. First Trust Advisors LP now owns 13,998 shares of the technology company’s stock worth $679,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Shutterfly by 24.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 6,937 shares of the technology company’s stock worth $345,000 after acquiring an additional 1,377 shares in the last quarter.
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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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