Afam Capital Inc. decreased its position in shares of Staples, Inc. (NASDAQ:SPLS) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 193,907 shares of the specialty retailer’s stock after selling 17,076 shares during the quarter. Afam Capital Inc.’s holdings in Staples were worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in Staples by 0.5% in the second 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. Raymond James Financial Services Advisors Inc. boosted its holdings in Staples by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 19,374 shares of the specialty retailer’s stock worth $195,000 after purchasing an additional 77 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Staples by 0.3% in the second quarter. CIBC Asset Management Inc now owns 73,643 shares of the specialty retailer’s stock worth $742,000 after purchasing an additional 203 shares during the last quarter. Advantus Capital Management Inc boosted its holdings in Staples by 0.6% in the first quarter. Advantus Capital Management Inc now owns 65,306 shares of the specialty retailer’s stock worth $573,000 after purchasing an additional 407 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Staples by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 40,500 shares of the specialty retailer’s stock worth $408,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 85.56% of the company’s stock.

Shares of Staples, Inc. (NASDAQ SPLS) traded up 0.10% on Monday, hitting $10.25. 9,785,997 shares of the stock traded hands. The company’s market cap is $6.73 billion. The stock has a 50 day moving average of $10.21 and a 200 day moving average of $9.58. Staples, Inc. has a one year low of $7.24 and a one year high of $10.26.

Staples (NASDAQ:SPLS) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. Staples had a net margin of 1.61% and a return on equity of 7.49%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. Equities analysts anticipate that Staples, Inc. will post $0.86 earnings per share for the current year.

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Several equities research analysts recently issued reports on the stock. Telsey Advisory Group raised their target price on shares of Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a report on Thursday, June 29th. BidaskClub cut shares of Staples from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and issued a $9.00 target price on shares of Staples in a report on Wednesday, August 9th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Staples in a report on Tuesday, June 20th. Finally, Deutsche Bank AG set a $8.00 target price on shares of Staples and gave the stock a “hold” rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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