Staples

Earnings season is not over yet. Among the companies on deck to report quarterly results this coming week are Deere (NYSE: DE), Smucker (NYSE: SJM) and Estee Lauder (NYSE: EL). Analysts expect Deere's per-share earnings to be more than 13% higher than a year ago. Smucker's earnings are forecast to...

According to a recent report from Deutsche Bank, the President and COO of Staples (NASDAQ: SPLS) is expected to present at the 8th annual Global Consumers Conference in Paris on Thursday. Leading up to the conference, Deutsche Bank maintains Buy rating and $21.00 price target on Staples....

Citi remains on the sidelines for Staples, Inc. (NASDAQ: SPLS) due to: “1) 1Q comments surrounding more competitive trends in contract. “2) Guidance reduction for FY12 (lowered 10% at the midpoint) leading to a reset of consensus estimates and multiple given diminished prospects for earnings...

According to a recent report, J.P. Morgan has lowered the price target on Staples (NASDAQ: SPLS) from $25.00 to $22.00 due to a lack of near-term urgency. In the report, J.P. Morgan said, "We believe the stock is oversold and has a solid longer term story, but urgency is lacking in the near term...

JP Morgan has lowered the price target on Staples (NASDAQ: SPLS) from $25 to $22 and maintains its Overweight rating.

Oppenheimer has downgraded the following companies: Staples, Inc. (NASDAQ: SPLS) from Outperform to Perform, PT from $26 to $19 OfficeMax (NYSE: OMX) from Outperform to Perform, PT from $14 to $9.50

Citi is out with its report today on Staples (NASDAQ: SPLS), lowering its PT from $27 to $20. In a note to clients, Citi writes, "We lowered our PT to $20 from $27 based on 12x our new FY13 estimate of $1.65. Our FY12 estimates went to $1.40 from $1.60. On a forward NTM basis, SPLS has traded at...

J.P. Morgan released its report yesterday on Staples (NASDAQ: SPLS), maintaining Overweight after a Q1 11 miss. In a note to clients, J.P. Morgan writes, "While a miss was clearly being priced into the stock and many expected guidance to be lowered, today's results were worse than the median...

Deutsche Bank is out with its report today on Staples (NASDAQ: SPLS), maintaining Buy. In a note to clients, Deutsche Bank writes, "It appears as if Staples needed to promote and invest costs to drive sales, leading to gross margins down 22 bps and expense ratios up 47 for a total margin decline...

Jefferies & Company commented on Staples (NASDAQ: SPLS) in a report released today. In the report, Jefferies was positive in outlook on the company. Jefferies writes, “Although significant macro tailwinds have yet to materialize in this space up until now, and concerns of secular headwinds...

In a recent report, Piper Jaffray has maintained a Neutral rating and $23.00 price target on Staples (NASDAQ: SPLS) prior to SPLS Q1 earnings call. In the report, Piper Jaffray said, "Despite some positive signs in macroeconomic indicators, we believe SPLS continues to be negatively impacted by...

The earnings season is beginning to wind down for another quarter. That can only mean that it is time for some of our favorite shopping mall and strip mall retailers to step into the earnings spotlight. Kohl's (NYSE: KSS) and Nordstrom (NYSE: JWN) start things off later this week when they report...

According to Citi, Staples' (NASDAQ: SPLS) Buy rating is reiterated after meetings with management. Citi reported that it hosted meetings with CFO John Mahoney. “These meetings gave us even more confidence that buying SPLS today is the right call, based on mgt's forward strategic thinking and...

JP Morgan has published a research report on Staples (NASDAQ: SPLS) after the company reported 4Q earnings affected by weather and low quality, while 1Q trends are looking more positive. In the report, JP Morgan writes "SPLS reported 4Q10 operating EPS of $0.39 vs. consensus and our estimate of $0....

Jefferies is out with its report today on Staples (NASDAQ: SPLS), updating its Q4 estimate. In a note to clients, Jefferies writes, "Reflecting unfavorable weather in the month of January (important month in office products), we are adjusting our 4Q sales expectations down slightly. In turn we are...