Clark Estates Inc. NY Has $3,424,000 Position in Staples, Inc. (NASDAQ:SPLS)
Clark Estates Inc. NY continued to hold its stake in shares of Staples, Inc. (NASDAQ:SPLS) during the second quarter, Holdings Channel reports. The fund owned 340,000 shares of the specialty retailer’s stock at the end of the second quarter. Clark Estates Inc. NY’s holdings in Staples were worth $3,424,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SPLS. James Investment Research Inc. bought a new stake in shares of Staples during the first quarter worth about $139,000. Concert Wealth Management Inc. raised its stake in shares of 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 buying an additional 82 shares in the last quarter. Boston Private Wealth LLC raised its stake in shares of Staples by 8.0% in the first quarter. Boston Private Wealth LLC now owns 121,855 shares of the specialty retailer’s stock worth $1,069,000 after buying an additional 8,993 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Staples by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,070,639 shares of the specialty retailer’s stock worth $18,739,000 after buying an additional 10,418 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in shares of Staples by 120.4% in the first quarter. Westside Investment Management Inc. now owns 55,650 shares of the specialty retailer’s stock worth $543,000 after buying an additional 30,400 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.
Shares of Staples, Inc. (NASDAQ SPLS) opened at 10.17 on Friday. The stock’s market capitalization is $6.64 billion. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.25. The company has a 50-day moving average of $10.02 and a 200-day moving average of $9.37.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.50 billion. Staples had a positive return on equity of 14.07% and a negative net margin of 12.51%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. On average, equities research analysts expect that Staples, Inc. will post $0.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 23rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Wednesday, June 21st. Staples’s payout ratio is -13.30%.
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A number of analysts have recently issued reports on SPLS shares. Zacks Investment Research lowered shares of Staples from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BidaskClub raised shares of Staples from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reissued a “hold” rating and set a $9.00 target price on shares of Staples in a research note on Wednesday. Deutsche Bank AG set a $8.00 target price on shares of Staples and gave the company a “hold” rating in a research note on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.18.
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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