Shutterfly, Inc. (SFLY) Receives “Outperform” Rating from Robert W. Baird
A number of other research firms have also recently commented on SFLY. Zacks Investment Research raised Shutterfly from a hold rating to a buy rating and set a $58.00 price target on the stock in a report on Thursday, December 15th. Needham & Company LLC reissued a buy rating and issued a $56.00 price target on shares of Shutterfly in a report on Wednesday, September 14th. RBC Capital Markets set a $57.00 price objective on Shutterfly and gave the stock a buy rating in a report on Wednesday, September 14th. Aegis assumed coverage on Shutterfly in a report on Wednesday, November 30th. They set a buy rating and a $62.00 price objective on the stock. Finally, Jefferies Group reaffirmed a hold rating and set a $52.00 price objective (down from $55.00) on shares of Shutterfly in a report on Friday, October 28th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $53.54.
Shutterfly (NASDAQ:SFLY) traded up 0.50% during mid-day trading on Thursday, reaching $52.77. 118,362 shares of the company traded hands. The company’s 50 day moving average price is $50.79 and its 200 day moving average price is $48.90. The firm has a market capitalization of $1.79 billion, a P/E ratio of 32.45 and a beta of 1.19. Shutterfly has a 12-month low of $35.91 and a 12-month high of $54.60.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Wednesday, October 26th. The company reported ($0.86) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.06. Shutterfly had a return on equity of 10.48% and a net margin of 5.00%. The company had revenue of $187.30 million for the quarter, compared to analysts’ expectations of $183.59 million. During the same period in the previous year, the firm earned ($1.25) EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Shutterfly will post $0.66 EPS for the current year.
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In other Shutterfly news, CFO Michael W. Pope sold 35,000 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $47.91, for a total value of $1,676,850.00. Following the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at approximately $838,425. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Satish Menon sold 25,000 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $50.24, for a total value of $1,256,000.00. Following the completion of the transaction, the senior vice president now directly owns 64,372 shares in the company, valued at approximately $3,234,049.28. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SFLY. Price T Rowe Associates Inc. MD increased its position in shares of Shutterfly by 14.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 231,300 shares of the company’s stock valued at $10,325,000 after buying an additional 28,900 shares during the period. Quantitative Systematic Strategies LLC increased its position in shares of Shutterfly by 42.0% in the third quarter. Quantitative Systematic Strategies LLC now owns 25,442 shares of the company’s stock valued at $1,130,000 after buying an additional 7,531 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Shutterfly during the third quarter valued at approximately $1,441,000. Verition Fund Management LLC increased its position in shares of Shutterfly by 39.2% in the third quarter. Verition Fund Management LLC now owns 6,622 shares of the company’s stock valued at $296,000 after buying an additional 1,866 shares during the period. Finally, Park West Asset Management LLC increased its position in shares of Shutterfly by 77.1% in the third quarter. Park West Asset Management LLC now owns 1,590,448 shares of the company’s stock valued at $70,998,000 after buying an additional 692,157 shares during the period. 98.47% of the stock is currently owned by institutional investors.
Shutterfly Company Profile
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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