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Shares of Staples (NASDAQ:SPLS) have been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, AnalystRatingsNetwork reports. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.79.

A number of analysts have recently weighed in on SPLS shares. Analysts at Wolfe Research downgraded shares of Staples to an “underperform” rating in a research note on Wednesday, July 23rd. Separately, 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. Finally, 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.

Staples (NASDAQ:SPLS) traded down 0.74% during mid-day trading on Wednesday, hitting $11.33. The stock had a trading volume of 1,044,804 shares. Staples has a 52-week low of $10.70 and a 52-week high of $17.26. The stock’s 50-day moving average is $11.15 and its 200-day moving average is $11.92. The company has a market cap of $7.326 billion and a P/E ratio of 13.77. Staples also was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 95,335,555 shares, a growth of 5.4% from the July 15th total of 90,451,533 shares. Based on an average daily trading volume, of 8,495,969 shares, the short-interest ratio is presently 11.2 days. Approximately 14.9% of the shares of the stock are sold short.

Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Staples will post $0.98 earnings per share for the current fiscal year.

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

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