Staples Inc. (SPLS) Given a $9.00 Price Target by Jefferies Group Analysts
Several other analysts also recently issued reports on SPLS. Vetr raised shares of Staples from a buy rating to a strong-buy rating and set a $9.50 target price on the stock in a research note on Monday, June 27th. TheStreet downgraded shares of Staples to a sell rating in a research note on Friday, August 19th. Zacks Investment Research downgraded shares of Staples from a buy rating to a hold rating in a research note on Friday, August 19th. Argus reissued a hold rating on shares of Staples in a research note on Friday, July 15th. Finally, Deutsche Bank AG cut their target price on shares of Staples from $9.00 to $8.00 and set a hold rating on the stock in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and an average price target of $11.29.
Shares of Staples (NASDAQ:SPLS) traded up 0.37% on Tuesday, hitting $8.24. The company’s stock had a trading volume of 13,929,099 shares. The stock’s market capitalization is $5.36 billion. The stock’s 50 day moving average price is $8.55 and its 200 day moving average price is $9.23. Staples has a 52 week low of $8.00 and a 52 week high of $13.50.
Staples (NASDAQ:SPLS) last announced its earnings results on Wednesday, August 17th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Staples had a negative net margin of 2.13% and a positive return on equity of 11.20%. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.12 EPS. The company’s revenue was down 3.7% on a year-over-year basis. On average, analysts forecast that Staples will post $0.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Wednesday, September 21st. Staples’s dividend payout ratio (DPR) is -70.59%.
Large investors have recently added to or reduced their stakes in the stock. PGGM Investments boosted its stake in Staples by 55.0% in the second quarter. PGGM Investments now owns 3,707,853 shares of the company’s stock worth $31,962,000 after buying an additional 1,315,170 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in Staples by 5.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 2,172,323 shares of the company’s stock worth $18,726,000 after buying an additional 119,446 shares during the period. Geode Capital Management LLC boosted its stake in Staples by 2.4% in the first quarter. Geode Capital Management LLC now owns 5,891,014 shares of the company’s stock worth $64,858,000 after buying an additional 139,091 shares during the period. HL Financial Services LLC boosted its stake in Staples by 0.8% in the second quarter. HL Financial Services LLC now owns 2,465,849 shares of the company’s stock worth $21,256,000 after buying an additional 20,692 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Staples by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,957,916 shares of the company’s stock worth $21,595,000 after buying an additional 7,801 shares during the period. Institutional investors own 86.59% of the company’s stock.
Staples, Inc is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations.
Receive News & Stock Ratings for Staples Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Staples Inc. and related stocks with our FREE daily email newsletter.