Candriam Luxembourg S.C.A. increased its position in Staples Inc. (NASDAQ:SPLS) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 2,172,323 shares of the company’s stock after buying an additional 119,446 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Staples were worth $18,726,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Staples by 2.4% in the first quarter. Geode Capital Management LLC now owns 5,891,014 shares of the company’s stock worth $64,858,000 after buying an additional 139,091 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Staples by 20.6% in the first quarter. OLD National Bancorp IN now owns 47,230 shares of the company’s stock worth $521,000 after buying an additional 8,069 shares during the period. HL Financial Services LLC raised its position in shares of Staples by 0.8% in the second quarter. HL Financial Services LLC now owns 2,465,849 shares of the company’s stock worth $21,256,000 after buying an additional 20,692 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Staples by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,957,916 shares of the company’s stock worth $21,595,000 after buying an additional 7,801 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Staples by 53.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 624,100 shares of the company’s stock worth $6,884,000 after buying an additional 218,700 shares during the period. 86.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Staples Inc. (NASDAQ:SPLS) traded down 0.12% during mid-day trading on Friday, hitting $8.54. The stock had a trading volume of 4,479,274 shares. The stock has a 50 day moving average price of $8.73 and a 200 day moving average price of $9.31. The firm’s market cap is $5.55 billion. Staples Inc. has a 52 week low of $8.00 and a 52 week high of $13.50.
Staples (NASDAQ:SPLS) last issued its earnings results on Wednesday, August 17th. The company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Staples had a positive return on equity of 11.20% and a negative net margin of 2.13%. The company earned $4.80 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts expect that Staples Inc. will post $0.89 EPS for the current fiscal year.
The firm also recently announced 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 5.62%. Staples’s dividend payout ratio is currently -70.59%.
A number of research analysts have recently commented on the company. Citigroup Inc. cut their price target on Staples from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Zacks Investment Research lowered Staples from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Morgan Stanley set a $10.00 price target on Staples and gave the stock a “hold” rating in a report on Thursday, August 18th. TheStreet lowered Staples to a “sell” rating in a report on Friday, August 19th. Finally, Jefferies Group reiterated a “hold” rating and set a $9.00 price target on shares of Staples in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.29.
In other news, General Counsel Michael Williams sold 12,458 shares of Staples stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $8.59, for a total transaction of $107,014.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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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