Shutterfly Inc. (NASDAQ:SFLY) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.30 and last traded at $49.15, with a volume of 159,051 shares changing hands. The stock had previously closed at $48.85.

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Shutterfly in a report on Friday, March 18th. Axiom Securities restated a “buy” rating and set a $51.00 price target on shares of Shutterfly in a report on Saturday, March 19th. Robert W. Baird restated a “buy” rating on shares of Shutterfly in a report on Saturday, March 19th. Royal Bank Of Canada restated a “buy” rating and set a $48.00 price target on shares of Shutterfly in a report on Thursday, March 24th. Finally, Zacks Investment Research cut shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $50.09.

The stock’s 50 day moving average is $47.14 and its 200-day moving average is $44.90. The firm has a market cap of $1.69 billion and a P/E ratio of 119.03.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.85) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.00) by $0.15. During the same quarter in the previous year, the business earned ($1.19) earnings per share. The business earned $181.70 million during the quarter, compared to the consensus estimate of $177.52 million. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Shutterfly Inc. will post $0.50 EPS for the current year.

In related news, SVP Tracy Layney sold 13,066 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $46.90, for a total transaction of $612,795.40. Following the sale, the senior vice president now directly owns 32,625 shares of the company’s stock, valued at approximately $1,530,112.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO John Boris sold 15,085 shares of the stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $46.56, for a total transaction of $702,357.60. Following the sale, the chief marketing officer now directly owns 5,519 shares in the company, valued at $256,964.64. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Shutterfly by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,220,961 shares of the company’s stock valued at $54,406,000 after buying an additional 81,286 shares during the period. Arcus Capital Partners LLC purchased a new stake in shares of Shutterfly during the fourth quarter valued at approximately $1,167,000. Rhumbline Advisers increased its stake in shares of Shutterfly by 2.8% in the fourth quarter. Rhumbline Advisers now owns 47,469 shares of the company’s stock valued at $2,115,000 after buying an additional 1,285 shares during the period. Finally, Russell Frank Co increased its stake in shares of Shutterfly by 22.3% in the fourth quarter. Russell Frank Co now owns 261,884 shares of the company’s stock valued at $11,736,000 after buying an additional 47,824 shares during the period.

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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