Shutterfly Inc. (SFLY) Research Coverage Started at Aegis
Aegis began coverage on shares of Shutterfly Inc. (NASDAQ:SFLY) in a research note issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other brokerages have also recently commented on SFLY. Jefferies Group reaffirmed a “hold” rating on shares of Shutterfly in a research report on Friday, August 5th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $55.00 price target on shares of Shutterfly in a research report on Tuesday, August 9th. Robert W. Baird reaffirmed an “outperform” rating and set a $59.00 price target on shares of Shutterfly in a research report on Wednesday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target on shares of Shutterfly in a research report on Wednesday, September 14th. Finally, RBC Capital Markets set a $57.00 price target on shares of Shutterfly and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $52.58.
Shares of Shutterfly (NASDAQ:SFLY) opened at 50.68 on Wednesday. Shutterfly has a one year low of $35.91 and a one year high of $54.60. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 31.17 and a beta of 1.30. The firm has a 50-day moving average price of $47.30 and a 200-day moving average price of $48.24.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Wednesday, October 26th. The company reported ($0.86) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.06. Shutterfly had a net margin of 5.00% and a return on equity of 10.48%. The business had revenue of $187.30 million for the quarter, compared to analysts’ expectations of $183.59 million. During the same quarter last year, the company posted ($1.25) earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts anticipate that Shutterfly will post $0.63 earnings per share for the current fiscal year.
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In other news, SVP Ishantha Lokuge sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $43.31, for a total value of $324,825.00. Following the completion of the transaction, the senior vice president now directly owns 3,930 shares in the company, valued at $170,208.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael W. Pope sold 35,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $47.91, for a total transaction of $1,676,850.00. Following the completion of the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $838,425. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. bought a new position in Shutterfly during the second quarter valued at about $345,000. Acadian Asset Management LLC bought a new position in Shutterfly during the second quarter valued at about $210,000. Bank of Montreal Can bought a new position in Shutterfly during the second quarter valued at about $370,000. American Century Companies Inc. boosted its position in Shutterfly by 47.7% in the second quarter. American Century Companies Inc. now owns 237,105 shares of the company’s stock valued at $11,051,000 after buying an additional 76,577 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in Shutterfly by 0.8% in the second quarter. Rice Hall James & Associates LLC now owns 347,523 shares of the company’s stock valued at $16,198,000 after buying an additional 2,637 shares during the period. Institutional investors and hedge funds own 98.47% 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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