Shutterfly Inc $ 50.97 0 (0%)
SFLY News and Headlines - Shutterfly
David Einhorn (Trades, Portfolio), chairman of Greenlight Capital Re Ltd. (GLRE), disclosed this week his six new holdings for the fourth quarter of 2018 were Hilton Grand Vacations Inc. (HGV), EchoStar Corp. (SATS), Shutterfly Inc. (SFLY), Dillard’s Inc. (DDS), The Chemours Co. (CC) and CONSOL Energy Inc. (CEIX).
Managing a portfolio of 20 stocks, Einhorn believes that an investment approach emphasizing intrinsic value is capable of achieving positive investment returns and safeguarding capital regardless of market conditions. Unfortunately, this approach led to Einhorn positing a 34% nosedive in 2018, including a 9% decline in
Shares of 3D Systems Corp. (DDD) plunged 27% on Wednesday after announcing third-quarter results on Tuesday. The company posted earnings of 2 cents per share on $164 million in revenue, a 7.6% year-over-year increase. The company fell 1 cent short of earnings estimates and $7.36 million short of revenue expectations.
The company reported 17% higher printer revenue on 93% higher printer unit sales, 14% growth in health care solutions, 2% growth in materials and 8% growth in software.
"We are pleased with our continued strong growth in printer
While gurus hold positions in these companies, the stock prices and returns continue to fall. The following are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios.
Gap Inc. (GPS) had a negative performance of 11.9% over the last six months. The stock is held by 13 gurus.
The apparel and accessories retailer has a $10.69 billion market cap. The stock is trading with a price-earnings ratio of 12.19. The current stock price of $27.8 is 22.09% below its 52-week high and 9.62% above its
In Wednesday trading, shares of Shutterfly Inc. (SFLY) jumped more than 15% after reporting a first-quarter loss of 73 cents on revenue of $199.73 million, up 4% year over year. The company managed to beat earnings estimates by 20 cents and revenue expectations by $7.67 million.
“We showed a significant improvement in profitability over the first quarter of 2017, thanks to organic Shutterfly brand growth of 10% and the benefits of last year’s platform consolidation," President and CEO Christopher North said. "We continue to execute against our strategic plan, with notable progress in mobile as well as pricing
Online stationary retailer Shutterly Inc. (SFLY) announced Tuesday afternoon it is buying privately held Lifetouch Inc. for $825 million in cash, expanding its business into school photography.
The Redwood City, California-based company’s shares, which closed at $53.32 on Tuesday, surged 14.7% in after-hours trading following the announcement.
A leader in school photography, Eden Prairie, Minnesota-based Lifetouch says it photographs more than 25 million children every year for their parents. Through this acquisition, not only will Shutterfly gain these customers, but both companies will benefit from the other’s products. According to Shutterfly President and CEO Christopher North, the two companies
His performance record remains a mystery, despite numerous online searches.
Yet, Cibelli is worth the attention of value investors. He has made a positive difference as an activist investor, and has an interesting and concentrated portfolio of stocks.
Who is Cibelli?
Now in his early 50s, Cibelli has been in the investment field since 1990. That was also the year he graduated from Binghampton University with a bachelor's degree in business management. According to
Our current bull market has elevated many stocks into the stratosphere, but even the most surging tide cannot raise all boats.
Shutterfly Inc. (SFLY), once a paragon of 21st century technological advancement, used by millions to share and print photos of their most treasured memories, is a company in trouble. Wracked by lagging sales and harassed by strengthening competition from firms large and small, is set to continue its struggles into 2018. Owners of Shutterfly would be wise to let this one go and observers had best steer clear of getting burned.
Business model looking out of date
Founder and Managing Member of Marathon Partners Equity Management Mario Cibelli (Trades, Portfolio) increased his holding of J. Alexander’s Holdings Inc. (JAX) by 6.25% on Jan. 20, according to Real Time Picks.
Cibelli purchased 45,000 shares of J. Alexander’s Holdings, which grew his position to 765,000 shares, representing 5.2% of the company. The stock closed at $9.60 for the trading day, on a dip from near a one-year high. J. Alexander’s closed at $9.80 per share Monday, an 8.8% decline year to date and 3.92% increase over the past year.
Cibelli’s firm, Marathon
At the Great Investors’ Best Ideas Symposium in Dallas on Oct. 18, Caroline Cooley, a partner at Crestline Investors Inc., revealed her current stock pick as Shutterfly (SFLY).
Cooley argues that Shutterfly, a popular Internet-based image publishing and printing service, is appealing because it has 60% of the market share and shows potential for strong growth.
Shutterfly was established in 1999 and is headquartered in Redwood City, California. The company enables users to create personalized photo gifts including scrapbooks, phone cases, wall art and home décor among other products. It also prints graduation and birth announcements and Christmas cards.
Long-term investor Mario Cibelli (Trades, Portfolio) has a reputation for investing in stocks he believes will double in a few years. A good example of his talent is the fact that he was an early investor in Netflix (NFLX), buying it when shares were selling for $10. Late in Thursday’s trading session, Netflix was trading for more than $116.
Cibelli’s most significant transactions in the second quarter were his reductions of his stakes in Shutterfly Inc. (SFLY) and Xoom Corp. (XOOM).
Cibelli sold 205,000 shares of Shutterfly, a Redwood City, Calif.-based image publishing service, for an average
June 18, 2015
Chairman, Shutterfly, Inc. (NASDAQ:SFLY), Inc.
2800 Bridge Parkway
Redwood City, CA 94065
Dear Mr. Marineau:
Ancora Advisors LLC (“Ancora”) is a shareholder of Shutterfly (“Company”). Ancora is a Cleveland, Ohio-based registered investment advisor with approximately $2.2 billion of discretionary assets under management. On May 29th, we publicly announced our support of the proposed Marathon slate of directors and highlighted the need for material change to the strategic direction and executive compensation plan at Shutterfly to bring an end to the lengthy period of inferior shareholder returns
Marathon Partners trimmed the position by 10.93%, dropping its shares held to 1,670,000, or 4.5% of the company’s shares outstanding, from 2,034,800 shares, or 5.4% of the shares outstanding, reportedly held on May 18. The position occupied more than one-third of Marathon’s portfolio.
Cibelli’s firm said in the related SEC filing: “As part of Marathon Partners’ regular portfolio management process, it has recently unwound the options previously
Dear Fellow Shutterfly, Inc. (NASDAQ:SFLY) Shareholders:
The 2015 Annual Meeting of Shareholders (the "Annual Meeting") of Shutterfly, Inc. ("Shutterfly" or the "Company") is just over a week away. Marathon Partners Equity Management, LLC, together with its affiliates ("Marathon Partners"), is one of the largest shareholders of Shutterfly, an investment we have held for almost seven years. Do not let the Company mislead you -- our interests are directly aligned with yours. We appreciate the tremendous support we continue to receive from you in this election contest. As shareholders, collectively, we have an exciting opportunity to turn over a new
Shutterfly Inc. (SFLY) recently reported its first quarter earnings for fiscal 2015. The company logged a loss of $45.1 million for the quarter, translating to a GAAP net loss of $1.19 per diluted share. Although the company beat the consensus estimate of an EPS loss of $1.33 a share, Shutterfly’s earnings came in much lower than the year-ago quarter’s loss of $34.2 million or 89 cents a share. Following the results, Shutterfly shares swung between an intra-day high of $46.35 and low of $43.33 before closing at $45.2.
High Expenses Drag Down Earnings
Shutterfly posted 16.7% growth year-over-year in revenues
On April 21, 2015, the financial sector was abuzz with the breaking news that Hewlett-Packard Co. (HPQ), the multinational Information technology giant, will be selling its popular digital imaging subsidiary SnapFish to District Photo.
Disctrict Photo is an innovative printing platforms solution provider, although, negotiating terms and details of the transaction have not yet been disclosed. The announcement came right after HP shares fell by almost 17% throughout this year with a value of $33.21 at 10:15 a.m. New York time on Tuesday morning, while the S&P 500 information-technology index surged by 1.7%.
Out of the
Guru Mario Cibelli (Trades, Portfolio), who founded Marathon Partners nearly 20 years ago and has a reputation as a long-term investor, increased his stakes in familiar companies in his portfolio in the fourth quarter.
Cibelli added to the two largest stakes (by volume) in his portfolio – Shutterfly Inc (SFLY) and Xoom Corp (XOOM).
In two separate purchases, one in October and one in December, Cibelli added a total of 770,000 shares to his stake in Xoom, a San Francisco-based digital money transfer company and the largest stake in Cibelli’s portfolio. Cibelli paid $14.41 per share in
Internet stocks have been suffering slightly in the first quarter of 2015 due to foreign exchange fluctuations. However, results from the fourth quarter of 2014 have temporarily suspended the recent lackluster performances of internet stocks, allowing them to recover. Cantor Fitzgerald analyst Youssef Squali issued a note to investors on February 17 covering internet stocks that were able “to claw back much lost ground by reporting 4Q:14 results, which were generally in-line with estimates but against a backdrop of muted expectations.” Highlights from the report are as follows:
Shutterfly (NASDAQ: SFLY):
By Sarah Roden
On January 26th, RPC Capital Markets analysts Mark Mahaney and Rohit Kulkarni published a note previewing 22 small cap Internet companies before fourth quarter reports are released. Here are the highlights for 6 of those companies:
The mass media corporation is expected to release Q4 results on February 11th. Mahaney and Kulkarni anticipate revenue of $717 million, slightly below the consensus of $723 million. They estimate GAAP earnings per share of $0.57, above the consensus of $0.53.
Looking forward, the analysts estimate 8% year-over-year growth in “AOL’s Advertising segment revenue,” bringing the
Steven Cohen (Trades, Portfolio) rebranded his former hedge fund, SAC Capital, as Point72 Asset Management, a family office managing his and some of his employees’ assets, after paying fines for insider trading last year. The firm focuses on long-short equities and quantitative and macro investments, and it was quite successful last year, with gross profit of $2.5 billion to $3 billion, the New York Times reported.
Point72 also actively traded on the last day of the 2014, adding shares to stakes they already owned in nine companies. These were the largest: Kindred Healthcare (KND), Walter Investment Management
When Mario Cibelli (Trades, Portfolio) chose the name of his firm, Marathon Capital Management, he was probably referring to the way he purchases stocks. Cibelli is not a sprinter when it comes to stocks; he likes to take longer strides and hold on to the stocks he believes have the potential to double within three to five years.
Cibelli learned of his appreciation for the stock market when he was just a boy in the seventh grade, when his social studies teacher explained to his class just how the market works. He then had his father
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|2018-11-02 $ 54.09 (2.02%)|
|2018-01-31 $ 68.15 (27.81%)|
Shutterfly Flits Higher on Lifetouch Acquisition - GuruFocus.com
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Mario Cibelli Reduces Stakes in Shutterfly, Xoom - GuruFocus.com
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Mario Cibelli Trims Largest Position: Shutterfly Inc. - GuruFocus.com
|2015-06-05 $ 47.69 (0.46%)|
Marathon Partners Lays Out Activist Case Against Shutterfly - GuruFocus.com
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Ron Barons Comments on Shutterfly Inc. - GuruFocus.com
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Competitive Advantage: Shutterfly (SFLY) - GuruFocus.com
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