Pacer Advisors Inc. boosted its position in Staples, Inc. (NASDAQ:SPLS) by 25.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,242 shares of the specialty retailer’s stock after buying an additional 20,544 shares during the period. Pacer Advisors Inc.’s holdings in Staples were worth $879,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Highbridge Capital Management LLC increased its stake in shares of Staples by 5.9% in the third quarter. Highbridge Capital Management LLC now owns 517,828 shares of the specialty retailer’s stock worth $4,427,000 after buying an additional 28,998 shares during the last quarter. Nuveen Fund Advisors LLC increased its stake in shares of Staples by 178.3% in the third quarter. Nuveen Fund Advisors LLC now owns 249,853 shares of the specialty retailer’s stock worth $2,136,000 after buying an additional 160,060 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Staples during the third quarter worth about $143,000. Analytic Investors LLC purchased a new stake in shares of Staples during the third quarter worth about $432,000. Finally, Advantus Capital Management Inc increased its stake in shares of Staples by 1.6% in the third quarter. Advantus Capital Management Inc now owns 63,786 shares of the specialty retailer’s stock worth $545,000 after buying an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.
Shares of Staples, Inc. (SPLS) traded down 2.11% on Friday, reaching $8.80. 8,898,807 shares of the company were exchanged. The firm’s market capitalization is $5.75 billion. The stock’s 50-day moving average is $9.20 and its 200 day moving average is $9.25. Staples, Inc. has a 12-month low of $7.24 and a 12-month high of $10.25.
Staples (NASDAQ:SPLS) last issued its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.50 billion. Staples had a positive return on equity of 14.07% and a negative net margin of 12.51%. Staples’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, analysts forecast that Staples, Inc. will post $0.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, June 21st. Staples’s dividend payout ratio is currently -13.30%.
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SPLS has been the subject of a number of research reports. Zacks Investment Research cut shares of Staples from a “buy” rating to a “hold” rating in a report on Monday, February 20th. Citigroup Inc. raised shares of Staples from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, April 5th. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 target price on shares of Staples in a report on Saturday, March 11th. Loop Capital reissued a “hold” rating and issued a $10.00 target price on shares of Staples in a report on Thursday, April 6th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a report on Tuesday, May 16th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Staples currently has a consensus rating of “Hold” and a consensus target price of $9.06.
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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