Shutterfly Target of Unusually High Options Trading (SFLY)

Shutterfly, Inc. (NASDAQ:SFLY) was the target of unusually large options trading on Thursday. Investors acquired 1,515 call options on the stock. This is an increase of 746% compared to the typical volume of 179 call options.

Several research analysts recently commented on SFLY shares. Aegis reissued a “buy” rating and issued a $57.00 price objective on shares of Shutterfly in a research note on Wednesday, December 27th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. BidaskClub raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. SunTrust Banks increased their price objective on Shutterfly to $60.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, Goldman Sachs downgraded Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 price objective for the company. in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.88.

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Shares of NASDAQ:SFLY opened at $80.33 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38. The firm has a market capitalization of $2,582.82, a price-to-earnings ratio of 72.21 and a beta of 0.88. Shutterfly has a 52-week low of $39.76 and a 52-week high of $86.41.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.86 by $0.25. The company had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 EPS. equities analysts expect that Shutterfly will post 2.09 earnings per share for the current fiscal year.

Shutterfly declared that its board has authorized a share repurchase program on Tuesday, January 30th that allows the company to buyback shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

In related news, CMO John Boris sold 6,104 shares of the stock in a transaction on Saturday, May 19th. The stock was sold at an average price of $37.75, for a total value of $230,426.00. Following the completion of the transaction, the chief marketing officer now directly owns 26,082 shares of the company’s stock, valued at approximately $984,595.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Blackwood-Kapral sold 633 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.34, for a total value of $47,057.22. Following the completion of the transaction, the insider now directly owns 1,625 shares of the company’s stock, valued at $120,802.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 301,082 shares of company stock valued at $21,549,580. Corporate insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFLY. Bamco Inc. NY purchased a new position in shares of Shutterfly during the 3rd quarter worth $36,360,000. Wells Fargo & Company MN grew its holdings in shares of Shutterfly by 430.8% during the 4th quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock worth $19,653,000 after purchasing an additional 320,604 shares during the period. Fine Capital Partners L.P. grew its holdings in shares of Shutterfly by 19.8% during the 3rd quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock worth $79,801,000 after purchasing an additional 272,200 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Shutterfly during the 4th quarter worth $9,788,000. Finally, Maverick Capital Ltd. grew its holdings in shares of Shutterfly by 631.7% during the 4th quarter. Maverick Capital Ltd. now owns 185,820 shares of the technology company’s stock worth $9,245,000 after purchasing an additional 160,423 shares during the period.

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About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

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