Shutterfly Inc. (SFLY) Given Hold Rating at Jefferies Group
Shutterfly Inc. (NASDAQ:SFLY)‘s stock had its “hold” rating reissued by Jefferies Group in a research report issued on Thursday. They presently have a $55.00 price target on the stock. Jefferies Group’s price target would indicate a potential upside of 24.43% from the stock’s current price.
The analysts wrote, “Amazon released Amazon Prints, a service for Amazon users to print photos and photo books directly from Amazon Photos. Market reaction has been markedly negative for SFLY following the announcement, but it is unclear to us the immediate impact on SFLY’s business.””
Several other research firms also recently commented on SFLY. Robert W. Baird restated an “outperform” rating and issued a $59.00 price target on shares of Shutterfly in a research note on Wednesday, September 14th. Cantor Fitzgerald reiterated a “buy” rating and set a $52.00 target price on shares of Shutterfly in a research note on Sunday, June 5th. RBC Capital Markets set a $57.00 price objective on shares of Shutterfly and gave the company a “buy” rating in a research note on Thursday, September 8th. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Monday, July 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a research note on Wednesday, September 14th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Shutterfly has a consensus rating of “Buy” and an average target price of $52.92.
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Shutterfly (NASDAQ:SFLY) opened at 44.20 on Thursday. The stock has a 50 day moving average price of $50.42 and a 200 day moving average price of $48.15. Shutterfly has a 1-year low of $35.22 and a 1-year high of $54.60. The stock has a market cap of $1.50 billion, a PE ratio of 70.16 and a beta of 1.32.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Wednesday, July 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.17. The company had revenue of $204 million for the quarter, compared to analyst estimates of $200.73 million. Shutterfly had a return on equity of 4.86% and a net margin of 2.01%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.63) earnings per share. On average, analysts predict that Shutterfly will post $0.55 EPS for the current fiscal year.
In other news, insider Lisa Blackwood-Kapral sold 770 shares of Shutterfly stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $50.16, for a total value of $38,623.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas David Hughes sold 1,000 shares of Shutterfly stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $51.61, for a total transaction of $51,610.00. Following the completion of the transaction, the director now directly owns 3,957 shares of the company’s stock, valued at $204,220.77. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SFLY. Macquarie Group Ltd. raised its position in Shutterfly by 27.7% in the second quarter. Macquarie Group Ltd. now owns 439,012 shares of the company’s stock valued at $20,462,000 after buying an additional 95,257 shares during the period. KAMES CAPITAL plc purchased a new stake in shares of Shutterfly during the second quarter valued at $681,000. Public Employees Retirement System of Ohio increased its stake in shares of Shutterfly by 719.0% in the second quarter. Public Employees Retirement System of Ohio now owns 9,353 shares of the company’s stock valued at $436,000 after buying an additional 8,211 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Shutterfly during the second quarter valued at $526,000. Finally, Balter Liquid Alternatives LLC increased its stake in shares of Shutterfly by 139.4% in the second quarter. Balter Liquid Alternatives LLC now owns 13,854 shares of the company’s stock valued at $646,000 after buying an additional 8,066 shares in the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.
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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