Shutterfly, Inc. Buyback
OLI recorded this information on 4/18/2017
Shutterfly, Inc. (NASDAQ:SFLY) today announced that its Board of Directors approved an increase of $140.0 million to its ongoing share repurchase program, bringing the total authorized amount available for repurchase to $202.8 million. From January 2014 to March 31, 2017, Shutterfly has repurchased 9.8 million shares for a total of $437.2 million, including 430 thousand shares for $20.0 million in the first quarter of 2017. With this increase in authorization, Shutterfly now has additional flexibility to increase share repurchases and continue Shutterfly's long term capital allocation strategy to maximize shareholder value while maintaining the ability to make strategic investments.
Shutterfly is a retailer and manufacturing platform for personalized products and communications. Co.'s reportable segments are Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions (SBS). Shutterfly Consumer and Lifetouch help consumers capture, preserve, and share life's important moments through professional and personal photography, and personalized products. The Shutterfly brand brings photos to life in photo books, gifts, home decor, and cards and stationery. Lifetouch is a school photography, serves families through portrait studios and other partnerships. SBS delivers digital printing services that enable customer engagement through personalized communications.
Open the SFLY Page at The Online Investor »
Free SFLY Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite