Staples Inc. (SPLS) To Go Ex-Dividend on September 21st
Staples Inc. (NASDAQ:SPLS) announced a quarterly dividend on Tuesday, September 13th. Shareholders of record on Friday, September 23rd will be given a dividend of 0.12 per share on Thursday, October 13th. This represents a $0.48 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Wednesday, September 21st.
A number of analysts have weighed in on the stock. Argus restated a “hold” rating on shares of Staples in a research note on Friday, July 15th. Deutsche Bank AG restated a “hold” rating on shares of Staples in a research note on Thursday, June 2nd. Citigroup Inc. restated a “neutral” rating on shares of Staples in a research note on Wednesday, June 1st. Bank of America Corp. raised their price objective on shares of Staples from $8.10 to $10.00 and gave the company a “buy” rating in a research note on Sunday, May 29th. They noted that the move was a valuation call. Finally, Vetr lowered shares of Staples from a “strong-buy” rating to a “buy” rating and set a $9.50 price objective for the company. in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.29.
Staples (NASDAQ:SPLS) opened at 8.55 on Tuesday. The stock’s market cap is $5.56 billion. The firm’s 50-day moving average is $8.77 and its 200 day moving average is $9.33. Staples has a one year low of $8.00 and a one year high of $13.50.
Staples (NASDAQ:SPLS) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The business earned $4.80 billion during the quarter, compared to analyst estimates of $4.78 billion. Staples had a negative net margin of 2.13% and a positive return on equity of 11.20%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, analysts anticipate that Staples will post $0.89 EPS for the current fiscal year.
In other Staples news, General Counsel Michael Williams sold 12,458 shares of the stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $8.59, for a total transaction of $107,014.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in Staples during the second quarter valued at approximately $100,000. Veritable L.P. purchased a new stake in Staples during the second quarter valued at approximately $103,000. Bank of Nova Scotia raised its stake in Staples by 6.8% in the second quarter. Bank of Nova Scotia now owns 12,798 shares of the company’s stock valued at $110,000 after buying an additional 820 shares during the last quarter. Pacer Advisors Inc. raised its stake in Staples by 18.5% in the second quarter. Pacer Advisors Inc. now owns 12,936 shares of the company’s stock valued at $112,000 after buying an additional 2,024 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Staples during the second quarter valued at approximately $116,000. 86.59% of the stock is owned by institutional investors and hedge funds.
Staples Company Profile
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.
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