Shutterfly Inc. (SFLY) Given a $57.00 Price Target at RBC Capital Markets
A number of other research firms have also recently commented on SFLY. Cantor Fitzgerald reaffirmed a buy rating and issued a $55.00 target price on shares of Shutterfly in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of Shutterfly from a hold rating to a buy rating and set a $57.00 price target on the stock in a research report on Tuesday, July 19th. Jefferies Group reissued a hold rating and set a $55.00 price target on shares of Shutterfly in a research report on Thursday. Axiom Securities cut shares of Shutterfly from a buy rating to a hold rating and set a $52.00 price target on the stock. in a research report on Wednesday, July 20th. Finally, Goldman Sachs Group Inc. increased their price target on shares of Shutterfly from $48.00 to $50.00 and gave the stock a neutral rating in a research report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $52.92.
Shares of Shutterfly (NASDAQ:SFLY) traded down 0.24% on Thursday, hitting $44.84. 476,367 shares of the stock were exchanged. The stock has a market cap of $1.52 billion, a PE ratio of 71.17 and a beta of 1.32. Shutterfly has a 52-week low of $35.22 and a 52-week high of $54.60. The company’s 50 day moving average is $50.22 and its 200-day moving average is $48.13.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.17. Shutterfly had a net margin of 2.01% and a return on equity of 4.86%. The firm earned $204 million during the quarter, compared to analyst estimates of $200.73 million. During the same quarter in the prior year, the firm posted ($0.63) earnings per share. Shutterfly’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts predict that Shutterfly will post $0.55 EPS for the current fiscal year.
In other Shutterfly news, Director Thomas David Hughes sold 1,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $51.61, for a total value of $51,610.00. Following the transaction, the director now directly owns 3,957 shares in the company, valued at $204,220.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ishantha Lokuge sold 3,259 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $50.02, for a total transaction of $163,015.18. Following the completion of the transaction, the senior vice president now owns 8,500 shares in the company, valued at $425,170. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Pacad Investment Ltd. acquired a new position in shares of Shutterfly during the first quarter worth about $427,000. Teachers Advisors Inc. raised its position 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 during the period. Algert Global LLC acquired a new position in shares of Shutterfly during the first quarter worth about $480,000. BlackRock Inc. raised its position 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 during the period. Finally, BlackRock Group LTD raised its position 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 during the period. Institutional investors own 97.74% of the company’s stock.
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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