GSA Capital Partners LLP bought a new stake in Staples Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent filing with the SEC. The firm bought 32,575 shares of the company’s stock, valued at approximately $281,000.
A number of other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Staples during the fourth quarter valued at approximately $69,648,000. Chevy Chase Trust Holdings Inc. increased its position in Staples by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 544,876 shares of the company’s stock valued at $6,010,000 after buying an additional 12,392 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Staples by 6.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 139,437 shares of the company’s stock valued at $1,538,000 after buying an additional 9,013 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in Staples by 9.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 157,226 shares of the company’s stock valued at $1,734,000 after buying an additional 12,963 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its position in Staples by 22.6% in the first quarter. Commonwealth Equity Services Inc now owns 124,029 shares of the company’s stock valued at $1,368,000 after buying an additional 22,852 shares during the last quarter. 86.59% of the stock is currently owned by hedge funds and other institutional investors.
Staples Inc. (NASDAQ:SPLS) traded up 0.12% on Wednesday, reaching $8.37. 2,334,049 shares of the company traded hands. The firm’s market cap is $5.44 billion. The stock has a 50-day moving average price of $8.66 and a 200-day moving average price of $9.28. Staples Inc. has a 52-week low of $8.00 and a 52-week high of $13.50.
Staples (NASDAQ:SPLS) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.78 billion. Staples had a negative net margin of 2.13% and a positive return on equity of 11.20%. Staples’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. Analysts anticipate that Staples Inc. will post $0.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 23rd will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 21st. This represents a $0.48 annualized dividend and a dividend yield of 5.74%. Staples’s dividend payout ratio is presently -70.59%.
Several equities analysts have commented on SPLS shares. Citigroup Inc. reissued a “neutral” rating on shares of Staples in a research report on Wednesday, June 1st. Deutsche Bank AG restated a “hold” rating on shares of Staples in a report on Thursday, June 2nd. Vetr upgraded shares of Staples from a “buy” rating to a “strong-buy” rating and set a $9.50 price target for the company in a report on Monday, June 27th. Argus restated a “hold” rating on shares of Staples in a report on Friday, July 15th. Finally, Jefferies Group restated a “hold” rating and set a $9.00 price target on shares of Staples in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Staples has an average rating of “Hold” and an average target price of $11.29.
In other news, General Counsel Michael Williams sold 12,458 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $8.59, for a total transaction of $107,014.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.
Staples, Inc is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations.
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