Staples, Inc. (SPLS) Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP cut its stake in Staples, Inc. (NASDAQ:SPLS) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,081 shares of the specialty retailer’s stock after selling 4,581 shares during the period. GSA Capital Partners LLP’s holdings in Staples were worth $746,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Staples by 2.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,056,584 shares of the specialty retailer’s stock worth $10,640,000 after buying an additional 29,437 shares during the period. Flippin Bruce & Porter Inc. lifted its holdings in Staples by 3.0% in the second quarter. Flippin Bruce & Porter Inc. now owns 654,201 shares of the specialty retailer’s stock worth $6,588,000 after buying an additional 19,095 shares during the period. Delta Lloyd Asset Management N.V. purchased a new stake in Staples in the second quarter worth about $1,159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Staples by 448.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 264,526 shares of the specialty retailer’s stock worth $2,664,000 after buying an additional 216,269 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in Staples in the second quarter worth about $1,246,000. Institutional investors and hedge funds own 85.56% of the company’s stock.
Staples, Inc. (SPLS) opened at 10.25 on Thursday. The company’s market cap is $6.73 billion. The firm’s 50 day moving average is $10.21 and its 200-day moving average is $9.58. Staples, Inc. has a 52 week low of $7.24 and a 52 week high of $10.26.
Staples (NASDAQ:SPLS) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Staples had a net margin of 1.61% and a return on equity of 7.49%. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the prior year, the company earned $0.12 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that Staples, Inc. will post $0.86 earnings per share for the current fiscal year.
SPLS has been the subject of several research analyst reports. Deutsche Bank AG set a $8.00 price objective on shares of Staples and gave the stock a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Staples from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Staples in a report on Tuesday, June 20th. BidaskClub lowered shares of Staples from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Telsey Advisory Group raised their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $8.85.
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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