Shutterfly (NASDAQ:SFLY) SVP Satish Menon sold 3,980 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $94.76, for a total transaction of $377,144.80. Following the completion of the sale, the senior vice president now directly owns 28,980 shares in the company, valued at $2,746,144.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of SFLY traded down $0.16 during mid-day trading on Friday, hitting $94.60. The company had a trading volume of 469,576 shares, compared to its average volume of 1,082,655. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.56 and a current ratio of 1.58. Shutterfly has a 1-year low of $39.76 and a 1-year high of $95.99. The stock has a market capitalization of $3.12 billion, a PE ratio of 90.10 and a beta of 0.88.
Get Shutterfly alerts:Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, May 1st. The technology company reported ($0.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.22. The firm had revenue of $199.70 million for the quarter, compared to analysts’ expectations of $192.02 million. Shutterfly had a net margin of 3.01% and a return on equity of 7.80%. Shutterfly’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.84) earnings per share. sell-side analysts expect that Shutterfly will post 3.07 earnings per share for the current fiscal year.
Shutterfly declared that its Board of Directors has authorized a share repurchase plan on Tuesday, January 30th that allows the company to buyback outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
SFLY has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of Shutterfly to $85.00 and gave the stock a “neutral” rating in a research report on Friday, April 6th. Aegis reissued a “buy” rating and issued a $73.00 target price on shares of Shutterfly in a research report on Sunday, February 4th. BidaskClub raised shares of Shutterfly from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Zacks Investment Research cut shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, SunTrust Banks raised their target price on shares of Shutterfly to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.50.
Hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC acquired a new position in Shutterfly during the first quarter valued at approximately $187,000. Element Capital Management LLC acquired a new position in Shutterfly during the first quarter valued at approximately $207,000. DRW Securities LLC acquired a new position in Shutterfly during the first quarter valued at approximately $227,000. Koch Industries Inc. acquired a new position in Shutterfly during the first quarter valued at approximately $330,000. Finally, Buckhead Capital Management LLC acquired a new position in Shutterfly during the fourth quarter valued at approximately $204,000.
Shutterfly Company Profile
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
No comments:
Post a Comment