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Staples (NASDAQ:SPLS) Director Rowland Moriarty sold 100,000 shares of Staples stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.14, for a total value of $1,114,000.00. Following the completion of the transaction, the director now directly owns 184,703 shares in the company, valued at approximately $2,057,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on SPLS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Staples in a research note on Friday, June 6th. They now have a $12.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Staples from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 27th. They now have a $11.50 price target on the stock, up previously from $11.00. Finally, analysts at Goldman Sachs downgraded shares of Staples from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 27th. They now have a $11.00 price target on the stock, down previously from $11.50. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Staples has a consensus rating of “Hold” and a consensus price target of $12.88.

Shares of Staples (NASDAQ:SPLS) traded up 0.27% on Thursday, hitting $11.10. The stock had a trading volume of 10,603,197 shares. Staples has a 1-year low of $10.86 and a 1-year high of $17.30. The stock’s 50-day moving average is $12.09 and its 200-day moving average is $13.17. The company has a market cap of $7.177 billion and a P/E ratio of 13.35.

Staples (NASDAQ:SPLS) last announced its earnings results on Tuesday, May 20th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.03. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts expect that Staples will post $0.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Friday, June 27th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, June 25th.

Staples, Inc (NASDAQ:SPLS) is an office products company.

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