Staples Once More A Focus Of M&A Chatter; Report Jolts Stock
- Author: Salvatore Jensen Jun 23, 2017,
Jun 23, 2017, 18:05
Vanguard Group Inc. increased its position in shares of Staples by 4.9% in the first quarter. Pacifica Capital Investments Llc owns 828,423 shares or 3.73% of their U.S. portfolio. Menora Mivtachim Holdings LTD. owned about 0.44% of Staples worth $25,255,000 at the end of the most recent quarter.
A number of other analysts also recently weighed in on the company. Capstone Investment Advisors LLC acquired a new stake in shares of Staples during the fourth quarter valued at about $108,000. Wexford Capital LP purchased a new stake in Staples during the fourth quarter worth approximately $100,000.
According to Yahoo Finance, The Dividend Date for Staples Inc is Jul 13, 2017 and its Ex-Dividend Date is Mar 22, 2017. Cutter & CO Brokerage Inc. now owns 12,300 shares of the specialty retailer's stock worth $108,000 after buying an additional 1,500 shares during the last quarter. Over the past month the firm's stock is -1.37%, 1.76% for the last quarter, -11.36% for the past six-months and -2.26% for the a year ago.
Institutional investors have recently added to or reduced their stakes in the company.
Staples, Inc.'s average Free Cash Flow per Share Growth Rate was 11.9 percent during the past 12 months.
During the trading day, the stock price fluctuated between $9.05 and $9.36. Sources told the news service a deal could be valued at more than $6 billion and could be announced next week.
The Average Volume for 10 days is 5.87 Million for Staples Inc (NASDAQ:SPLS). (NASDAQ:SPLS) rating on Monday, March 7. Retail deals comprised the smallest share of mergers and acquisitions in the first quarter of the year, according to Thomson Reuters data. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the business earned $0.17 EPS. The company's revenue was down 4.9% on a year-over-year basis. Shareholders of record on Friday, June 23rd will be paid a $0.12 dividend. (SPLS) Ex-Dividend Date Scheduled for June 21, 2017" with publication date: "June 20, 2017. Average estimation for the current quarter has been provided by 13 analysts. If you are reading this article on another website, it was stolen and reposted in violation of United States & global copyright legislation. Sumitomo Mitsui Asset Mngmt Communications stated it has 0.01% of its portfolio in Staples, Inc. "(SPLS)" was first reported by Transcript Daily and is the property of of Transcript Daily.
Staples Inc (NASDAQ:SPLS) shares traded 6.24% up during most recent session to reach at the closing price of $9.2. Loop Capital reiterated a "hold" rating and set a $10.00 price objective on shares of Staples in a research report on Thursday, April 6th. Finally, Citigroup Inc. upgraded Staples from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a research note on Wednesday, April 5th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Separately, Director Ferrand Paul-Henri Buy 139 shares of the company at a price of $9.13 on 2016-07-14. Deutsche Bank maintained Staples, Inc. The Firm offers a range of print and marketing and technology services.
07/30/2015 - Staples, Inc. was upgraded to "hold" by analysts at Evercore ISI.