Shutterfly (NASDAQ:SFLY) Posts Earnings Results, Hits Estimates

Shutterfly (NASDAQ:SFLY) released its quarterly earnings data on Wednesday. The technology company reported ($0.23) EPS for the quarter, hitting analysts’ consensus estimates of ($0.23), Morningstar.com reports. The company had revenue of $473.42 million during the quarter, compared to the consensus estimate of $475.09 million. Shutterfly had a net margin of 0.36% and a return on equity of 4.39%.

SFLY stock traded down $0.06 during trading on Friday, hitting $50.76. 414,568 shares of the stock traded hands, compared to its average volume of 687,797. Shutterfly has a one year low of $35.08 and a one year high of $77.88. The stock has a market cap of $1.74 billion, a PE ratio of 16.64 and a beta of 1.25. The stock has a 50 day moving average of $50.59. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.13 and a current ratio of 1.20.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Friday. SunTrust Banks downgraded shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a report on Monday, June 10th. Raymond James downgraded shares of Shutterfly from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Aegis downgraded shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Finally, ValuEngine raised shares of Shutterfly from a “hold” rating to a “buy” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.83.

In related news, SVP Satish Menon sold 11,942 shares of Shutterfly stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $53.00, for a total transaction of $632,926.00. Following the completion of the transaction, the senior vice president now directly owns 11,942 shares of the company’s stock, valued at approximately $632,926. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher North sold 26,753 shares of Shutterfly stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $48.03, for a total transaction of $1,284,946.59. Following the transaction, the chief executive officer now directly owns 87,327 shares of the company’s stock, valued at $4,194,315.81. The disclosure for this sale can be found here. Insiders have sold a total of 77,160 shares of company stock valued at $3,862,303 over the last three months. 2.40% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in SFLY. Redhawk Wealth Advisors Inc. bought a new position in Shutterfly during the 2nd quarter valued at about $75,000. Towerview LLC bought a new position in shares of Shutterfly in the first quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Shutterfly by 48.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,416 shares of the technology company’s stock worth $122,000 after acquiring an additional 789 shares during the last quarter. Amalgamated Bank bought a new position in shares of Shutterfly in the fourth quarter worth about $209,000. Finally, Janus Henderson Group PLC bought a new position in shares of Shutterfly in the second quarter worth about $220,000.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Earnings History for Shutterfly (NASDAQ:SFLY)

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