Rothschild Investment Corp IL reduced its position in shares of Staples, Inc. (NASDAQ:SPLS) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,600 shares of the specialty retailer’s stock after selling 2,875 shares during the period. Rothschild Investment Corp IL’s holdings in Staples were worth $449,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC bought a new position in shares of Staples during the second quarter worth about $109,000. HighTower Advisors LLC bought a new position in shares of Staples during the first quarter worth about $102,000. Stephens Inc. AR boosted its position in shares of Staples by 6.8% in the first quarter. Stephens Inc. AR now owns 11,640 shares of the specialty retailer’s stock worth $102,000 after buying an additional 744 shares during the period. Concert Wealth Management Inc. boosted its position 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 worth $109,000 after buying an additional 82 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its position in shares of Staples by 13.9% in the first quarter. Cutter & CO Brokerage Inc. now owns 12,300 shares of the specialty retailer’s stock worth $108,000 after buying an additional 1,500 shares during the period. 92.02% of the stock is owned by institutional investors.
Staples, Inc. (NASDAQ:SPLS) opened at 10.14 on Friday. The stock’s market capitalization is $6.62 billion. The stock’s 50 day moving average is $10.04 and its 200-day moving average 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 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. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. Equities research analysts forecast that Staples, Inc. will post $0.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Friday, June 23rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.73%. The ex-dividend date was Wednesday, June 21st. Staples’s dividend payout ratio is -13.30%.
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A number of brokerages have issued reports on SPLS. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 target price on shares of Staples in a report on Wednesday. BidaskClub raised shares of Staples from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Loop Capital reaffirmed a “hold” rating and issued a $5.00 target price on shares of Staples in a report on Friday, May 19th. Telsey Advisory Group increased their target price on shares of Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a report on Thursday, June 29th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Staples in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price 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.
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