Published On: Thu, Sep 15th, 2016

Shutterfly Inc. (SFLY) Given a $57.00 Price Target by RBC Capital Markets Analysts

Shutterfly Inc. (NASDAQ:SFLY) received a $57.00 price target from investment analysts at RBC Capital Markets in a research report issued to clients and investors on Wednesday. The brokerage presently has a a “buy” rating on the stock. RBC Capital Markets’ price objective suggests a potential upside of 10.94% from the company’s current price.
A number of other research analysts have also issued reports on SFLY. Cantor Fitzgerald restated a “buy” rating on shares of Shutterfly in a research report on Sunday, May 22nd. Needham & Company LLC restated a “buy” rating on shares of Shutterfly in a research report on Monday, June 27th. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research report on Monday, July 4th. Jefferies Group restated a “hold” rating on shares of Shutterfly in a research report on Monday, July 11th. Finally, Axiom Securities lowered Shutterfly from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research report on Wednesday, July 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Shutterfly has an average rating of “Buy” and an average target price of $52.92.
Shutterfly (NASDAQ:SFLY) traded up 1.26% during mid-day trading on Wednesday, reaching $51.38. The company had a trading volume of 318,645 shares. The firm has a market capitalization of $1.75 billion, a P/E ratio of 81.56 and a beta of 1.32. Shutterfly has a 12 month low of $35.22 and a 12 month high of $54.60. The stock’s 50-day moving average is $50.78 and its 200 day moving average is $48.02.

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Shutterfly (NASDAQ:SFLY) last released 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 return on equity of 4.86% and a net margin of 2.01%. The business earned $204 million during the quarter, compared to analyst estimates of $200.73 million. During the same quarter in the previous year, the firm posted ($0.63) EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts predict that Shutterfly will post $0.55 earnings per share for the current fiscal year.
In related news, Director Thomas David Hughes sold 1,000 shares of Shutterfly stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $51.61, for a total transaction of $51,610.00. Following the completion of the transaction, the director now owns 3,957 shares in the company, valued at $204,220.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Blackwood-Kapral sold 770 shares of Shutterfly stock in a transaction dated Thursday, August 18th. The stock was 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. Corporate insiders own 5.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SFLY. Macquarie Group Ltd. boosted its position in Shutterfly by 27.7% in the second quarter. Macquarie Group Ltd. now owns 439,012 shares of the company’s stock worth $20,462,000 after buying an additional 95,257 shares during the last quarter. KAMES CAPITAL plc acquired a new position in Shutterfly during the second quarter worth approximately $681,000. Public Employees Retirement System of Ohio boosted its position in Shutterfly by 719.0% in the second quarter. Public Employees Retirement System of Ohio now owns 9,353 shares of the company’s stock worth $436,000 after buying an additional 8,211 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Shutterfly during the second quarter worth about $526,000. Finally, Balter Liquid Alternatives LLC boosted its stake in shares of Shutterfly by 139.4% in the second quarter. Balter Liquid Alternatives LLC now owns 13,854 shares of the company’s stock worth $646,000 after buying an additional 8,066 shares in the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.
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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