Shutterfly Inc. (SFLY) Reaches New 52-Week High at $49.30
Shares of Shutterfly Inc. (NASDAQ:SFLY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.30 and last traded at $49.15, with a volume of 159,051 shares trading hands. The stock had previously closed at $48.85.
Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $52.00 target price (up from $48.00) on shares of Shutterfly in a report on Thursday, April 28th. Needham & Company LLC restated a “buy” rating on shares of Shutterfly in a report on Monday, June 27th. Robert W. Baird restated a “buy” rating on shares of Shutterfly in a report on Saturday, March 19th. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a report on Monday, July 4th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $52.00 target price on shares of Shutterfly in a report on Sunday, June 5th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.09.
The company’s 50-day moving average price is $47.37 and its 200 day moving average price is $44.97. The stock has a market capitalization of $1.71 billion and a P/E ratio of 120.41.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Wednesday, April 27th. The company reported ($0.85) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.00) by $0.15. The firm had revenue of $181.70 million for the quarter, compared to analyst estimates of $177.52 million. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.19) earnings per share. On average, equities analysts anticipate that Shutterfly Inc. will post $0.50 earnings per share for the current fiscal year.
In other news, CMO John Boris sold 13,415 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $45.58, for a total value of $611,455.70. Following the completion of the transaction, the chief marketing officer now directly owns 27,104 shares of the company’s stock, valued at $1,235,400.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Layney sold 8,684 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $47.06, for a total value of $408,669.04. Following the completion of the transaction, the senior vice president now directly owns 54,375 shares of the company’s stock, valued at $2,558,887.50. The disclosure for this sale can be found here.
Several institutional investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Shutterfly by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,220,961 shares of the company’s stock worth $54,406,000 after buying an additional 81,286 shares during the period. Russell Frank Co boosted its position in Shutterfly by 22.3% in the fourth quarter. Russell Frank Co now owns 261,884 shares of the company’s stock worth $11,736,000 after buying an additional 47,824 shares during the period. Arcus Capital Partners LLC bought a new position in Shutterfly during the fourth quarter worth $1,167,000. Finally, Rhumbline Advisers boosted its position in Shutterfly by 2.8% in the fourth quarter. Rhumbline Advisers now owns 47,469 shares of the company’s stock worth $2,115,000 after buying an additional 1,285 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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