Shutterfly, Inc. (SFLY) Receives Average Rating of “Hold” from Brokerages

Shutterfly, Inc. (NASDAQ:SFLY) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $56.86.

Several equities research analysts recently weighed in on SFLY shares. Aegis restated a “buy” rating and set a $56.00 target price on shares of Shutterfly in a research note on Tuesday, October 24th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. 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. Finally, SunTrust Banks boosted their target price on Shutterfly to $60.00 and gave the stock a “buy” rating in a research report on Friday, January 12th.

In related news, CAO Lisa Blackwood-Kapral sold 719 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $40.78, for a total transaction of $29,320.82. Following the transaction, the chief accounting officer now directly owns 1,900 shares in the company, valued at $77,482. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher North sold 170,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 97,394 shares in the company, valued at $6,599,417.44. The disclosure for this sale can be found here. Insiders have sold 196,003 shares of company stock worth $12,620,221 over the last quarter. 0.80% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Shutterfly by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock worth $137,902,000 after acquiring an additional 64,361 shares during the last quarter. Fine Capital Partners L.P. lifted its holdings in Shutterfly by 19.8% during the 3rd quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock worth $79,801,000 after buying an additional 272,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Shutterfly by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock worth $60,512,000 after buying an additional 3,360 shares during the last quarter. State Street Corp lifted its holdings in Shutterfly by 4.0% during the 2nd quarter. State Street Corp now owns 979,974 shares of the technology company’s stock worth $46,554,000 after buying an additional 37,889 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in Shutterfly by 9.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 877,093 shares of the technology company’s stock worth $43,635,000 after buying an additional 75,573 shares during the last quarter.

Shares of Shutterfly (NASDAQ:SFLY) traded up $0.17 on Wednesday, hitting $71.16. The company’s stock had a trading volume of 409,300 shares, compared to its average volume of 1,436,665. Shutterfly has a twelve month low of $39.76 and a twelve month high of $74.92. The firm has a market cap of $2,292.76, a P/E ratio of 76.52 and a beta of 1.11. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.25. The business had revenue of $593.80 million during the quarter, compared to the consensus estimate of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $2.63 EPS. equities analysts expect that Shutterfly will post 2.09 EPS for the current year.

Shutterfly announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 30th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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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.

Analyst Recommendations for Shutterfly (NASDAQ:SFLY)

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