Gilbert & Cook Inc. Takes Position in Staples, Inc. (NASDAQ:SPLS)

Gilbert & Cook Inc. acquired a new position in shares of Staples, Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,280 shares of the specialty retailer’s stock, valued at approximately $174,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SPLS. James Investment Research Inc. purchased a new stake in shares of Staples during the first quarter valued at $139,000. HighPoint Advisor Group LLC raised its stake in shares of Staples by 105.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 102,732 shares of the specialty retailer’s stock valued at $942,000 after buying an additional 52,792 shares during the last quarter. Concert Wealth Management Inc. raised its stake in shares of Staples by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 12,065 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 82 shares during the last quarter. Boston Private Wealth LLC raised its stake in shares of Staples by 8.0% in the first quarter. Boston Private Wealth LLC now owns 121,855 shares of the specialty retailer’s stock valued at $1,069,000 after buying an additional 8,993 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Staples by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,070,639 shares of the specialty retailer’s stock valued at $18,739,000 after buying an additional 10,418 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Staples, Inc. (NASDAQ SPLS) opened at 10.14 on Friday. The firm’s market capitalization is $6.62 billion. The stock’s 50 day moving average price is $10.04 and its 200 day moving average price is $9.38. Staples, Inc. has a 52-week low of $7.24 and a 52-week high of $10.25.

Staples (NASDAQ:SPLS) last issued its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Staples, Inc. will post $0.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 23rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Wednesday, June 21st. Staples’s dividend payout ratio is currently -13.30%.

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Several analysts recently commented on the company. Zacks Investment Research lowered Staples from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Staples in a research report on Tuesday, May 16th. Telsey Advisory Group boosted their target price on Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a research report on Thursday, June 29th. BidaskClub downgraded Staples from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $9.00 target price on shares of Staples in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Staples has an average rating of “Hold” and a consensus price target of $9.18.

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.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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