Shutterfly Sees Unusually High Options Volume (SFLY)

Shutterfly (NASDAQ:SFLY) saw some unusual options trading on Thursday. Traders acquired 3,033 call options on the company. This is an increase of approximately 1,844% compared to the typical volume of 156 call options.

In related news, VP Jason Sebring sold 1,625 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $76.02, for a total transaction of $123,532.50. Following the completion of the transaction, the vice president now owns 1,625 shares of the company’s stock, valued at approximately $123,532.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tracy Layney sold 924 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.34, for a total value of $68,690.16. Following the transaction, the senior vice president now directly owns 27,410 shares of the company’s stock, valued at approximately $2,037,659.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,978 shares of company stock valued at $21,319,154. 0.80% of the stock is owned by corporate insiders.

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Several institutional investors have recently bought and sold shares of SFLY. SG Americas Securities LLC bought a new stake in shares of Shutterfly in the 3rd quarter worth $162,000. Wells Fargo & Company MN boosted its stake in shares of Shutterfly by 24.8% in the 3rd quarter. Wells Fargo & Company MN now owns 74,424 shares of the technology company’s stock worth $3,608,000 after buying an additional 14,779 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Shutterfly by 8.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 225,375 shares of the technology company’s stock worth $10,927,000 after buying an additional 18,114 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Shutterfly by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock worth $60,512,000 after buying an additional 3,360 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Shutterfly by 30.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 54,000 shares of the technology company’s stock worth $2,617,000 after buying an additional 12,600 shares during the last quarter.



SFLY has been the subject of a number of analyst reports. Aegis reaffirmed a “buy” rating and set a $57.00 price objective on shares of Shutterfly in a research report on Wednesday, December 27th. BidaskClub raised Shutterfly from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 6th. SunTrust Banks lifted their target price on Shutterfly to $60.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Goldman Sachs lowered Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a report on Wednesday, January 17th. Finally, Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.25.

Shutterfly stock opened at $82.77 on Friday. The firm has a market capitalization of $2,754.20, a price-to-earnings ratio of 78.83 and a beta of 0.88. Shutterfly has a 12 month low of $39.76 and a 12 month high of $86.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38.

Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, January 30th. The technology company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.86 by $0.25. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 EPS. equities research analysts forecast that Shutterfly will post 2.07 earnings per share for the current year.

Shutterfly announced that its board has approved a share buyback program on Tuesday, January 30th that allows the company to repurchase shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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About Shutterfly

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.

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