Amalgamated Bank Has $1.29 Million Stake in Staples, Inc. (SPLS)
Amalgamated Bank lifted its stake in Staples, Inc. (NASDAQ:SPLS) by 24.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,545 shares of the specialty retailer’s stock after purchasing an additional 25,574 shares during the quarter. Amalgamated Bank’s holdings in Staples were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Inc. AR boosted its position in shares of Staples by 6.8% in the 1st 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 stake in shares of Staples in the 1st quarter worth approximately $102,000. Ballentine Partners LLC boosted its position in shares of Staples by 0.5% in the 2nd 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. Concert Wealth Management Inc. boosted its position in shares of Staples by 0.7% in the 1st 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. Finally, Fisher Asset Management LLC bought a new stake in shares of Staples in the 2nd quarter worth approximately $109,000. 85.56% of the stock is currently owned by hedge funds and other institutional investors.
Staples, Inc. (NASDAQ SPLS) opened at 10.25 on Friday. Staples, Inc. has a 52-week low of $7.24 and a 52-week high of $10.26. The company’s market capitalization is $6.73 billion. The company has a 50-day moving average price of $10.21 and a 200 day moving average price of $9.58.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data 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. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. Staples had a negative net margin of 8.53% and a positive return on equity of 15.09%. Staples’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Equities research analysts anticipate that Staples, Inc. will post $0.86 earnings per share for the current year.
A number of analysts have recently commented on SPLS shares. BidaskClub raised Staples from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Deutsche Bank AG set a $8.00 price target on Staples and gave the stock a “hold” rating in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price target on shares of Staples in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.04.
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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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