Staples, Inc. (SPLS) Position Cut by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its stake in shares of Staples, Inc. (NASDAQ:SPLS) by 50.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 655,800 shares of the specialty retailer’s stock after selling 672,700 shares during the period. Canada Pension Plan Investment Board owned about 0.10% of Staples worth $6,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of Staples by 39.8% in the first quarter. Russell Investments Group Ltd. now owns 620,571 shares of the specialty retailer’s stock valued at $5,443,000 after buying an additional 176,666 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Staples during the first quarter valued at approximately $158,000. First Quadrant L P CA boosted its position in shares of Staples by 182.8% in the first quarter. First Quadrant L P CA now owns 2,706,911 shares of the specialty retailer’s stock valued at $23,740,000 after buying an additional 1,749,735 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Staples by 29.1% in the first quarter. ProShare Advisors LLC now owns 157,272 shares of the specialty retailer’s stock valued at $1,379,000 after buying an additional 35,438 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Staples by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 16,878 shares of the specialty retailer’s stock valued at $138,000 after buying an additional 930 shares in the last quarter. 90.62% of the stock is owned by institutional investors.

Staples, Inc. (NASDAQ:SPLS) opened at 10.19 on Monday. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.25. The stock’s market cap is $6.66 billion. The firm has a 50-day moving average of $10.14 and a 200-day moving average of $9.41.

TRADEMARK VIOLATION NOTICE: “Staples, Inc. (SPLS) Position Cut by Canada Pension Plan Investment Board” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/08/21/staples-inc-spls-position-cut-by-canada-pension-plan-investment-board.html.

Several equities analysts recently commented on the stock. BidaskClub cut shares of Staples from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research cut shares of Staples from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price objective on shares of Staples in a research note on Wednesday, August 9th. Telsey Advisory Group boosted their price objective on shares of Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a research note on Thursday, June 29th. Finally, Deutsche Bank AG set a $8.00 price target on shares of Staples and gave the stock a “hold” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.04.

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)

Receive News & Ratings for Staples Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Staples Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply