Staples Closing 70 More Stores in 2017

Staples Closing 70 More Stores in 2017

Based on an average daily volume of 6,254,506 shares, the short-interest ratio is now 2.7 days. Victory Capital Management Inc. now owns 12,417 shares of the company's stock worth $106,000 after buying an additional 4,168 shares during the period. The stock's 52-week range is $7.24 - $11.37. The stock's next day closing price was $9.22 with the gain of 3.95% in its share price. The firm's quarterly revenue was down 2.9% compared to the same quarter past year.

Staples (NASDAQ:SPLS) last issued its quarterly earnings results on Thursday, March 9th. On a non-GAAP basis, the company announced a net income from continuing operations, which was $586 million, or $0.9 per diluted share.

Looking forward, for the quarter ending Apr-17, 7 analysts have a mean sales target of 4,958.04 million. During the same period a year ago, the business posted $0.26 EPS. Staples's revenue was down 4.3% compared to the same quarter a year ago. (NASDAQ:SPLS) by 3.8% during the fourth quarter, Holdings Channel reports. The ex-dividend date is Wednesday, March 22nd.

To accommodate long-term intention, the firm has diverse dividend or yield record, WYNN has Dividend Yield of 2.02% and experts calculate Return on Investment of 5.00%. Staples's dividend payout ratio is presently -66.67%.

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A number of equities analysts recently commented on the company. That failed attempt resulted in the company searching for a new growth plan. Finally, TheStreet raised Staples from a "sell" rating to a "hold" rating in a report on Monday, December 5th. Telsey Advisory Group lifted their price target on Staples from $8.00 to $9.00 and gave the stock a "market perform" rating in a report on Thursday, November 17th. Loop Capital initiated coverage on Staples in a research note on Tuesday, December 13th. They issued a "hold" rating and a $10.00 target price on the stock. It also came in one penny below analysts' estimates. Staples has an average rating of "Hold" and a consensus price target of $9.95.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC increased its stake in shares of Staples by 183.0% in the third quarter. Legal & General Group Plc raised its stake in Staples by 3.2% in the second quarter. The stock has fallen nearly 6 percent in the last 12 months. Finally, Koch Industries Inc. purchased a new position in Staples during the fourth quarter valued at $115,000.

The Framingham, Massachusetts-based company said it had a loss of $1.46 per share.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 10/2016, the consensus mean EPS was $0.34 while Staples, Inc.