Shutterfly (SFLY) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $48 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Shutterfly. Company shares were Reiterated by Axiom Capital on Feb 19, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $49 .Shares were Reiterated by Axiom Capital on Feb 4, 2016 to “Buy” and Lowered the Price Target to $ 49 from a previous price target of $52 .Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 48 from a previous price target of $52 .
On the company’s financial health, Shutterfly reported $-0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-1.00. The company had revenue of $181.70 million for the quarter, compared to analysts expectations of $178.31 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.19 EPS.
Shutterfly closed down -0.42 points or -0.90% at $46.32 with 3,81,532 shares getting traded on Wednesday. Post opening the session at $46.75, the shares hit an intraday low of $45.89 and an intraday high of $47.18 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 29, 2016, Lisa Blackwood-kapral (Chief Accounting Officer) sold 2,005 shares at $45.62 per share price. According to the SEC, on Mar 11, 2016, John Boris (SVP, Chief Marketing Officer) sold 15,924 shares at $45.31 per share price. On Mar 11, 2016, Satish Menon (SVP, Chief Technology Officer) sold 14,708 shares at $46.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Shutterfly Inc. is a manufacturer and digital retailer of personalized photo-based products and services. The Companys segments include Consumer and Enterprise. Its products and services are offered through a family of lifestyle brands including Shutterfly Tiny Prints Wedding Paper Divas ThisLife MyPublisher and BorrowLenses. The Company produces and sells bound photo books greeting and stationery cards personalized calendars other photo-based merchandise and prints. It sells a range of photo-based merchandise such as calendars mugs canvas prints mouse pads magnets and puzzles. The Consumer segment sells 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. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats.