Janus Henderson Group PLC boosted its holdings in shares of Staples, Inc. (NASDAQ:SPLS) by 42.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,805 shares of the specialty retailer’s stock after acquiring an additional 46,485 shares during the quarter. Janus Henderson Group PLC’s holdings in Staples were worth $1,570,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SPLS. Principal Financial Group Inc. boosted its stake in shares of Staples by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,019,690 shares of the specialty retailer’s stock valued at $8,942,000 after purchasing an additional 24,800 shares during the last quarter. Ngam Advisors L.P. boosted its stake in shares of Staples by 18.0% in the 1st quarter. Ngam Advisors L.P. now owns 36,987 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 5,636 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Staples by 4.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 24,045 shares of the specialty retailer’s stock valued at $211,000 after purchasing an additional 1,130 shares during the last quarter. Morgan Stanley boosted its stake in shares of Staples by 39.7% in the 1st quarter. Morgan Stanley now owns 3,297,357 shares of the specialty retailer’s stock valued at $28,918,000 after purchasing an additional 937,217 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Staples by 3,241.4% in the 1st quarter. BlackRock Inc. now owns 47,899,430 shares of the specialty retailer’s stock valued at $420,078,000 after purchasing an additional 46,465,935 shares during the last quarter. 85.56% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Staples, Inc. (NASDAQ:SPLS) opened at 10.25 on Friday. The company’s market capitalization is $6.73 billion. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.26. The stock has a 50 day moving average of $10.21 and a 200-day moving average of $9.58.
Staples (NASDAQ:SPLS) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Staples had a net margin of 1.61% and a return on equity of 7.49%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts forecast that Staples, Inc. will post $0.86 earnings per share for the current year.
A number of equities research analysts have recently commented on SPLS shares. Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. BidaskClub raised shares of Staples from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Staples in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.85.
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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