Staples, Inc. (NASDAQ:SPLS) registered a -0.11% decrease, still its new closing price is 26.10% up from the company’s 1 year high of 10.92.It posted -3.01% losses in previous 5 sessions and is now the subject of 15 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 16 stock analysts following this company have an average price target at $9.92, with individual PT in the $8.00-$12.00 range. The shares moved at $9.02, implying that brokerage firms see shares gaining about 9.52% in twelve months time.
Staples, Inc. (SPLS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.33% fall year to date. A SVP Corporate Controller at Staples, Inc. (SPLS) offloaded shares in a transaction closed on Thursday December 08, 2016. Conte Mark sold 5,195 shares in the company at $9.97 each and collected $51,001 in proceeds. Conte Mark now owns 80,431 shares in the company after this transaction. A Director in the company, Ferrand Paul-Henri, disclosed a transaction on Thursday July 14, 2016 that ended up paying $1,000 from the purchase of 139 shares at $9.13 per share.
Staples, Inc. (NASDAQ:SPLS) Upcoming Results on Tap
Staples, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.17 in that period. Sales during the quarter are predicted to arrive at $4.98 billion.
Earnings surprise history: Last quarter, the company posted approximately $5.36 billion in revenue and EPS of $0.34. The mean forecast was for $5.4 billion and $0.34 a share, respectively. One quarter earlier, revenue for the stock was at $4.75 billion, with earnings at $0.12/share.
Staples, Inc. (SPLS) Brokerage Update
Staples, Inc. (SPLS) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Underperform by BofA/Merrill, according to news reported on Monday May 23, 2016.Another important research note was issued by UBS on Wednesday May 11, 2016.The firm downgraded SPLS to Neutral from Buy. Over the last six months and over the last three months, the shares of Staples, Inc. (SPLS), have changed 3.02% and 25.07%, respectively.