RBC Capital Markets Analysts Give Shutterfly Inc. (SFLY) a $57.00 Price Target
Other equities research analysts have also recently issued reports about the company. Needham & Company LLC raised their price target on Shutterfly from $55.00 to $56.00 and gave the company a buy rating in a report on Thursday, July 28th. Cantor Fitzgerald restated a buy rating and set a $52.00 price objective on shares of Shutterfly in a research report on Monday, July 25th. Zacks Investment Research upgraded Shutterfly from a hold rating to a buy rating and set a $57.00 price objective for the company in a research report on Tuesday, July 19th. Finally, Barclays PLC raised their price objective on Shutterfly from $45.00 to $48.00 and gave the company an equal weight rating in a research report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $52.92.
Shares of Shutterfly (NASDAQ:SFLY) opened at 50.70 on Wednesday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 80.48 and a beta of 1.32. Shutterfly has a 1-year low of $35.22 and a 1-year high of $54.60. The stock has a 50 day moving average price of $50.76 and a 200-day moving average price of $48.00.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.48) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.17. The business had revenue of $204 million for the quarter, compared to analysts’ expectations of $200.73 million. Shutterfly had a return on equity of 4.86% and a net margin of 2.01%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned ($0.63) earnings per share. Equities research analysts forecast that Shutterfly will post $0.55 earnings per share for the current year.
In other Shutterfly news, SVP Ishantha Lokuge sold 3,259 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Blackwood-Kapral sold 770 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $50.16, for a total value of $38,623.20. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Shutterfly during the fourth quarter valued at $22,344,000. Pacad Investment Ltd. bought a new stake in Shutterfly during the first quarter valued at $427,000. Teachers Advisors Inc. increased its stake in Shutterfly by 20.8% in the first quarter. Teachers Advisors Inc. now owns 91,999 shares of the company’s stock valued at $4,266,000 after buying an additional 15,846 shares in the last quarter. Algert Global LLC bought a new stake in Shutterfly during the first quarter valued at $480,000. Finally, BlackRock Inc. increased its stake in Shutterfly by 113.6% in the first quarter. BlackRock Inc. now owns 2,473 shares of the company’s stock valued at $115,000 after buying an additional 1,315 shares in the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.
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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