Capital Fund Management S.A. acquired a new position in Staples, Inc. (NASDAQ:SPLS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 342,513 shares of the specialty retailer’s stock, valued at approximately $3,449,000. Capital Fund Management S.A. owned approximately 0.05% of Staples at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SPLS. Stephens Inc. AR raised its holdings in 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 purchasing an additional 744 shares in the last quarter. HighTower Advisors LLC bought a new position in Staples in the first quarter worth $102,000. Ballentine Partners LLC raised its holdings in Staples by 0.5% in the second quarter. Ballentine Partners LLC now owns 10,304 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 50 shares in the last quarter. Cutter & CO Brokerage Inc. raised its holdings in 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 purchasing an additional 1,500 shares in the last quarter. Finally, Concert Wealth Management Inc. raised its holdings 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 purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.
Staples, Inc. (NASDAQ SPLS) opened at 10.25 on Wednesday. The company’s market capitalization is $6.73 billion. The stock’s 50 day moving average price is $10.19 and its 200 day moving average price is $9.53. Staples, Inc. has a one year low of $7.24 and a one year high of $10.26.
Staples (NASDAQ:SPLS) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. Staples had a positive return on equity of 15.09% and a negative net margin of 8.53%. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company posted $0.12 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Staples, Inc. will post $0.87 EPS for the current fiscal year.
A number of research firms have issued reports on SPLS. Zacks Investment Research upgraded Staples from a “sell” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Staples from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $9.00 price objective on shares of Staples in a report on Wednesday, August 9th. Telsey Advisory Group increased their price objective on Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a report on Thursday, June 29th. Finally, Deutsche Bank AG set a $8.00 price objective on Staples and gave the stock a “hold” rating in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target 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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