James Investment Research Inc. held its position in Staples, Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,900 shares of the specialty retailer’s stock at the end of the second quarter. James Investment Research Inc.’s holdings in Staples were worth $160,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Staples by 4.9% in the first quarter. Vanguard Group Inc. now owns 65,277,605 shares of the specialty retailer’s stock worth $572,485,000 after buying an additional 3,047,800 shares during the last quarter. BlackRock Inc. raised its position in shares of Staples by 3,241.4% in the first quarter. BlackRock Inc. now owns 47,899,430 shares of the specialty retailer’s stock worth $420,078,000 after buying an additional 46,465,935 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Staples by 9.8% in the first quarter. Schroder Investment Management Group now owns 33,605,835 shares of the specialty retailer’s stock worth $293,715,000 after buying an additional 2,985,904 shares during the last quarter. FMR LLC raised its position in shares of Staples by 4.5% in the first quarter. FMR LLC now owns 31,179,864 shares of the specialty retailer’s stock worth $273,447,000 after buying an additional 1,346,412 shares during the last quarter. Finally, State Street Corp raised its position in shares of Staples by 1.4% in the first quarter. State Street Corp now owns 29,559,253 shares of the specialty retailer’s stock worth $259,230,000 after buying an additional 416,843 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.
Shares of Staples, Inc. (SPLS) opened at 10.14 on Friday. The firm’s market capitalization is $6.62 billion. Staples, Inc. 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 $10.04 and a 200-day moving average of $9.38.
Staples (NASDAQ:SPLS) last released its quarterly earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.50 billion. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. Staples’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Equities analysts expect that Staples, Inc. will post $0.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 23rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Wednesday, June 21st. Staples’s payout ratio is -13.30%.
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SPLS has been the topic of a number of analyst reports. Deutsche Bank AG set a $8.00 price target on Staples and gave the company a “hold” rating in a research note on Thursday, June 22nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Staples in a research note on Tuesday, June 20th. Loop Capital reaffirmed a “hold” rating and set a $5.00 price objective on shares of Staples in a research note on Friday, May 19th. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price target on shares of Staples in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.18.
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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