Eads & Heald Investment Counsel maintained its position in shares of Staples Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,780 shares of the company’s stock at the end of the second quarter. Eads & Heald Investment Counsel’s holdings in Staples were worth $119,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SPLS. Prudential PLC acquired a new position in shares of Staples during the first quarter worth about $122,000. Concert Wealth Management Inc. acquired a new position in shares of Staples during the second quarter worth about $103,000. CHICAGO TRUST Co NA raised its position in shares of Staples by 49.8% in the second quarter. CHICAGO TRUST Co NA now owns 16,709 shares of the company’s stock worth $144,000 after buying an additional 5,552 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Staples during the second quarter worth about $181,000. Finally, Boothbay Fund Management LLC raised its position in shares of Staples by 7.3% in the first quarter. Boothbay Fund Management LLC now owns 22,167 shares of the company’s stock worth $245,000 after buying an additional 1,499 shares during the period. Institutional investors own 86.59% of the company’s stock.
Staples Inc. (NASDAQ:SPLS) traded down 1.06% on Monday, hitting $7.48. The stock had a trading volume of 4,334,848 shares. The stock has a 50-day moving average of $8.38 and a 200-day moving average of $9.12. The company’s market cap is $4.87 billion. Staples Inc. has a one year low of $7.44 and a one year high of $13.50.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. The firm earned $4.80 billion during the quarter, compared to the consensus estimate of $4.78 billion. Staples had a positive return on equity of 11.20% and a negative net margin of 2.13%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. Equities analysts expect that Staples Inc. will post $0.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Investors of record on Friday, September 23rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $0.48 dividend on an annualized basis and a yield of 6.35%. Staples’s payout ratio is currently -70.59%.
Several equities research analysts recently weighed in on SPLS shares. Argus reaffirmed a “hold” rating on shares of Staples in a report on Friday, July 15th. Zacks Investment Research downgraded Staples from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Vetr raised 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. Jefferies Group reaffirmed a “hold” rating and set a $9.00 price target on shares of Staples in a report on Thursday, August 18th. Finally, Deutsche Bank AG decreased their price target on Staples from $9.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.50.
Staples Company Profile
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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