Staples, Inc. (SPLS) Stake Boosted by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC grew its position in Staples, Inc. (NASDAQ:SPLS) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,829 shares of the specialty retailer’s stock after purchasing an additional 4,092 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Staples were worth $814,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SPLS. Ballentine Partners LLC lifted its position in shares of Staples by 0.5% during 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 during the last quarter. Cleararc Capital Inc. boosted its stake in Staples by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 15,885 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 85 shares during the period. CIBC Asset Management Inc boosted its stake in Staples by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 73,643 shares of the specialty retailer’s stock valued at $742,000 after purchasing an additional 203 shares during the period. Advantus Capital Management Inc boosted its stake in Staples by 0.6% during the 1st quarter. Advantus Capital Management Inc now owns 65,306 shares of the specialty retailer’s stock valued at $573,000 after purchasing an additional 407 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Staples by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 40,500 shares of the specialty retailer’s stock valued at $408,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 85.56% of the company’s stock.
SPLS has been the topic of a number of research analyst reports. BidaskClub raised Staples from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Telsey Advisory Group upped their price target on Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a report on Thursday, June 29th. Deutsche Bank AG set a $8.00 price target on Staples and gave the stock a “hold” rating in a 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, Zacks Investment Research cut Staples from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Staples currently has a consensus rating of “Hold” and a consensus target price of $9.04.
Staples, Inc. (SPLS) opened at 10.25 on Wednesday. The company’s 50-day moving average price is $10.21 and its 200 day moving average price is $9.58. The company’s market capitalization is $6.73 billion. 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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. Staples had a net margin of 1.61% and a return on equity of 7.49%. Staples’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS. On average, analysts predict that Staples, Inc. will post $0.86 EPS for the current year.
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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