Shutterfly Inc. (SFLY) Receives Consensus Rating of “Buy” from Analysts
Shares of Shutterfly Inc. (NASDAQ:SFLY) have been given an average rating of “Buy” by the thirteen research firms that are covering the firm. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.36.
Several brokerages recently issued reports on SFLY. Cantor Fitzgerald restated a “buy” rating on shares of Shutterfly in a report on Saturday, July 9th. Needham & Company LLC reaffirmed a “buy” rating on shares of Shutterfly in a research report on Monday, June 27th. Axiom Securities downgraded Shutterfly from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a research report on Wednesday, July 20th. Barclays PLC lifted their target price on Shutterfly from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $55.00 target price on shares of Shutterfly in a research report on Monday, August 15th.
In other Shutterfly news, Director Thomas David Hughes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $51.61, for a total value of $51,610.00. Following the completion of the sale, the director now owns 3,957 shares in the company, valued at $204,220.77. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lisa Blackwood-Kapral sold 770 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $50.16, for a total value of $38,623.20. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.
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A number of large investors have recently modified their holdings of the stock. Pacad Investment Ltd. purchased a new stake in shares of Shutterfly during the first quarter worth $427,000. Teachers Advisors Inc. boosted its stake in shares of Shutterfly by 20.8% in the first quarter. Teachers Advisors Inc. now owns 91,999 shares of the company’s stock worth $4,266,000 after buying an additional 15,846 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Shutterfly by 113.6% in the first quarter. BlackRock Inc. now owns 2,473 shares of the company’s stock worth $115,000 after buying an additional 1,315 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Shutterfly by 82.8% in the first quarter. BlackRock Group LTD now owns 38,275 shares of the company’s stock worth $1,775,000 after buying an additional 17,332 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Shutterfly by 8.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 966,972 shares of the company’s stock worth $44,838,000 after buying an additional 76,050 shares in the last quarter. Institutional investors own 97.74% of the company’s stock.
Shares of Shutterfly (NASDAQ:SFLY) traded down 1.81% during trading on Tuesday, hitting $45.15. 115,272 shares of the company traded hands. The stock has a market capitalization of $1.53 billion, a PE ratio of 71.67 and a beta of 1.17. The company has a 50-day moving average of $48.21 and a 200-day moving average of $48.08. Shutterfly has a 52-week low of $35.91 and a 52-week high of $54.60.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.17. The firm had revenue of $204 million for the quarter, compared to analyst estimates of $200.73 million. Shutterfly had a net margin of 2.01% and a return on equity of 4.86%. Shutterfly’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.63) EPS. Equities analysts expect that Shutterfly will post $0.55 EPS for the current year.
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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