Staples, Inc. Declares Quarterly Dividend of $0.12 (SPLS)
Staples, Inc. (NASDAQ:SPLS) announced a quarterly dividend on Monday, June 12th, RTT News reports. Investors of record on Friday, June 23rd will be given a dividend of 0.12 per share by the specialty retailer on Thursday, July 13th. This represents a $0.48 dividend on an annualized basis and a yield of 5.19%.
Staples (NASDAQ:SPLS) remained flat at $9.25 during mid-day trading on Monday. 5,360,656 shares of the company’s stock were exchanged. Staples has a 52-week low of $7.24 and a 52-week high of $10.25. The stock has a 50 day moving average of $9.31 and a 200-day moving average of $9.28. The firm’s market capitalization is $6.04 billion.
Staples (NASDAQ:SPLS) last posted its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities research analysts forecast that Staples will post $0.88 earnings per share for the current fiscal year.
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A number of analysts have weighed in on the stock. Loop Capital reaffirmed a “hold” rating and set a $5.00 target price on shares of Staples in a research note on Friday, May 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Staples in a research note on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 target price on shares of Staples in a research note on Saturday, March 11th. Zacks Investment Research cut shares of Staples from a “buy” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Citigroup Inc. raised shares of Staples from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, April 5th. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.06.
Staples Company Profile
Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers. The Company offers a range of print and marketing and technology services. The Company’s segments include North American Delivery, North American Retail and Other. The North American Delivery segment consists of the United States and Canadian businesses, including Staples Business Advantage, staples.com, staples.ca, and quill.com, that sell and deliver products and services primarily to businesses.
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