James Investment Research Inc. maintained its stake in Staples, Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in SPLS. HighPoint Advisor Group LLC raised its stake in Staples by 105.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 102,732 shares of the specialty retailer’s stock worth $942,000 after buying an additional 52,792 shares in the last quarter. Concert Wealth Management Inc. raised its stake in 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 in the last quarter. Boston Private Wealth LLC raised its stake in Staples by 8.0% in the first quarter. Boston Private Wealth LLC now owns 121,855 shares of the specialty retailer’s stock worth $1,069,000 after buying an additional 8,993 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in 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 worth $18,739,000 after buying an additional 10,418 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Staples by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 562,700 shares of the specialty retailer’s stock worth $5,666,000 after buying an additional 1,893 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors.
Shares of Staples, Inc. (NASDAQ SPLS) traded down 0.10% on Friday, hitting $10.19. The stock had a trading volume of 6,126,500 shares. Staples, Inc. has a 52 week low of $7.24 and a 52 week high of $10.25. The company has a 50-day moving average of $10.14 and a 200 day moving average of $9.41. The company’s market capitalization is $6.66 billion.
Staples (NASDAQ:SPLS) last released its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 EPS for the quarter, meeting the 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 during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Staples, Inc. will post $0.88 EPS for the current year.
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A number of equities research analysts recently issued reports on the company. BidaskClub raised Staples from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 target price on shares of Staples in a research report on Wednesday, August 9th. Zacks Investment Research lowered Staples from a “hold” rating to a “sell” rating in a research report on Wednesday. Deutsche Bank AG set a $8.00 target price on Staples and gave the company a “hold” rating in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Staples presently has an average rating of “Hold” and an average target price of $9.04.
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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