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Staples, Inc. (SPLS) Given Average Recommendation of "Hold" by Brokerages

Staples, Inc. (SPLS) Given Average Recommendation of

(NASDAQ:SPLS) by 48.2% during the fourth quarter, Holdings Channel reports. The fund owned 800,736 shares of the company's stock after selling 31,339 shares during the period.

For its retail operations, Staples executives have said the company will work to dominate in core office supply categories like ink, toner and paper, and divest its European operations while exploring other acquisitions; it unloaded its United Kingdom operations in November. Concert Wealth Management Inc. increased its stake in Staples by 1.2% in the third quarter. Yacktman Asset Management LP now owns 2,252,300 shares of the company's stock worth $19,415,000 after buying an additional 9,900 shares in the last quarter. Wexford Capital LP purchased a new position in Staples during the fourth quarter valued at $100,000. Stifel Financial Corp now owns 224,409 shares of the company's stock worth $1,935,000 after buying an additional 33,570 shares in the last quarter. Central. The stock had been down less than 1 percent so far in 2017. Candriam Luxembourg S.C.A. boosted its stake in Staples by 5.8% in the second quarter. Its SVP Corporate Controller Conte Mark sold 5,195 company shares for 51790, in a transaction on 2016-12-08.

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Wynn Resorts, Limited (NASDAQ:WYNN) [Trend Analysis] pretends to be active mover, stock eased down around -0.24% to traded at $98.99. The stock's next day closing price was $9.22 with the gain of 3.95% in its share price. Staples, Inc. has a 12-month low of $7.24 and a 12-month high of $11.37. The company said earnings will be 15 cents to 18 cents a share in the first quarter, excluding some items. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%. (NASDAQ:SPLS) will report earnings per share of $0.26 in their quarterly report and it is expected to announce the company's results on 3/9/17 Before Market Open. The business's revenue was down 2.9% on a year-over-year basis. Staples, Inc. (SPLS) revealed that results for its fourth quarter and fiscal year ended January 28, 2017. During the same quarter in the prior year, the company earned $0.26 EPS. Shareholders of record on Wednesday, December 21st were issued a dividend of $0.12 per share. Staples's dividend payout ratio is presently -66.67%.

SPLS has been the subject of several research reports. Loop Capital assumed coverage on Staples in a report on Tuesday, December 13th. They issued a "hold" rating and a $10.00 target price on the stock. Telsey Advisory Group raised their price objective on Staples from $8.00 to $9.00 and gave the company a "market perform" rating in a research report on Thursday, November 17th. It also came in one penny below analysts' estimates.

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