Staples Director R. Moriarty Sells Off $1,114,000.00 Worth Of Stock

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Staples Director R. Moriarty Sells Off $1,114,000.00 Worth Of Stock
Rowland Moriarty Unloads 100,000 Shares of Staples Stock (SPLS)
Posted by Masoud Bidgoli
Staples Director Rowland Moriarty sold 100,000 shares of Staples stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.14, for a total transaction of $1,114,000.00. Following the sale, the director now directly owns 184,703 shares of the company’s stock, valued at approximately $2,057,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SPLS has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Shares of Staples (NASDAQ:SPLS) opened at 10.99 on Monday. Staples has a 1-year low of $10.86 and a 1-year high of $17.30. The stock has a 50-day moving average of $12.04 and a 200-day moving average of $13.14. The company has a market cap of $7.106 billion and a P/E ratio of 13.26.

Staples (NASDAQ:SPLS) last released its 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 declared a quarterly dividend, which is scheduled for Thursday, July 17th. Investors 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 4.37%. The ex-dividend date of this dividend is Wednesday, June 25th.

Staples Director R. Moriarty Sells Off $1,114,000.00 Worth Of Stock
Rowland Moriarty Unloads 100,000 Shares of Staples Stock (SPLS)
Posted by Masoud Bidgoli
Staples Director Rowland Moriarty sold 100,000 shares of Staples stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.14, for a total transaction of $1,114,000.00. Following the sale, the director now directly owns 184,703 shares of the company’s stock, valued at approximately $2,057,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SPLS has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Shares of Staples (NASDAQ:SPLS) opened at 10.99 on Monday. Staples has a 1-year low of $10.86 and a 1-year high of $17.30. The stock has a 50-day moving average of $12.04 and a 200-day moving average of $13.14. The company has a market cap of $7.106 billion and a P/E ratio of 13.26.

Staples (NASDAQ:SPLS) last released its 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 declared a quarterly dividend, which is scheduled for Thursday, July 17th. Investors 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 4.37%. The ex-dividend date of this dividend is Wednesday, June 25th.

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June 19, 2014 at 1:22 PM