Published: Fri, March 10, 2017
U.S. | By Wayne Curry

The Case for and Against Staples, Inc. (SPLS)

The Case for and Against Staples, Inc. (SPLS)

The company beat the analyst EPS Estimate with the difference of $0. Stock institutional ownership is 41.70% while insider ownership includes 62.26%. Looking at the stock's movement on the chart, Staples, Inc. recorded a 52-week high of $10.92. Finally, Zacks Investment Research raised Staples from a "sell" rating to a "hold" rating in a research note on Friday, November 18th.

Staples, Inc. on 11/17/2016 reported its EPS as $0.34 with the analysts projecting the EPS of the stock as $0.34. The stock had a trading volume of 4,618,338 shares. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%. The stock now shows its YTD (Year to Date) performance of -2.98 percent while its Weekly performance value is -2.34%. (NASDAQ:IMMU) is 1.74 while company weekly performance is -4.80%.

In the immediate months after the shock vote to leave the European Union past year, the British economy picked up steam. The stock recently closed its previous session at $8.78 by showing a percentage change of -1.01% from its previous day closing price of $8.87. (NASDAQ:SPLS) by some 109,552,884 shares, 225 decreased positions by 81,383,711 and 83 held positions by 398,701,002.

Following the results, the stock is trading up 2.12 percent in pre-market trading. Staples was Initiated by Loop Capital to Hold on Dec 13, 2016.

Shares of Staples are down nearly 4% in pre-market trading Thursday after missing on both earnings and revenue. The 52-week high of Staples, Inc.

"Staples, Inc. (SPLS) Announces Quarterly Earnings Results" was published by Community Financial News and is owned by of Community Financial News. They issued a hold rating and a $10.00 target price for the company. The stock now has a consensus rating of Hold and an average target price of $9.95. A ROI of 8.20% for the company evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments.

In addition, Staples has restructured its business segments during the fourth quarter of 2016 to align with its 20/20 strategic plan, and to accelerate the growth in North American Delivery and preserve profit in North American Retail. The most recent short interest data show 2.33% of the company's stock are short sold.

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