Short Interest in Staples Drops By 6.2% (SPLS)
Shares of Staples (NASDAQ:SPLS) were the recipient of a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 88,990,199 shares, a decline of 6.2% from the May 30th total of 94,886,422 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 14,092,031 shares, the days-to-cover ratio is presently 6.3 days. Approximately 13.9% of the shares of the company are short sold.
SPLS has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Finally, 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. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Staples currently has an average rating of “Hold” and an average price target of $12.73.
Staples (NASDAQ:SPLS) opened at 10.749 on Monday. Staples has a 1-year low of $10.70 and a 1-year high of $17.30. The stock has a 50-day moving average of $11.61 and a 200-day moving average of $12.. The company has a market cap of $6.951 billion and a price-to-earnings ratio of 13.17.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data 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 announced a quarterly dividend, which is scheduled for Thursday, July 17th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Wednesday, June 25th.
Staples, Inc (NASDAQ:SPLS) is an office products company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.