Green Square Capital LLC Has $3,376,000 Position in Staples, Inc. (SPLS)
Green Square Capital LLC boosted its stake in shares of Staples, Inc. (NASDAQ:SPLS) by 5.3% during the second quarter, Holdings Channel reports. The fund owned 386,376 shares of the company’s stock after buying an additional 19,613 shares during the period. Green Square Capital LLC owned about 0.06% of Staples worth $3,376,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in 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 in the last quarter. OLD National Bancorp IN increased its stake in 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 in the last quarter. UBS Asset Management Americas Inc. increased its stake in 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 in the last quarter. HL Financial Services LLC increased its stake in 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 in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in 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 in the last quarter. 86.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Staples, Inc. (NASDAQ:SPLS) remained flat at $8.46 during trading on Wednesday. 5,227,994 shares of the stock traded hands. The stock has a 50 day moving average of $8.74 and a 200 day moving average of $9.32. Staples, Inc. has a 52 week low of $8.00 and a 52 week high of $13.50. The stock’s market capitalization is $5.50 billion.
Staples (NASDAQ:SPLS) last posted its earnings results on Wednesday, August 17th. The company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The company earned $4.80 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Staples had a negative net margin of 2.13% and a positive return on equity of 11.20%. Staples’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. On average, analysts anticipate that Staples, Inc. will post $0.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors 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 yield of 5.67%. Staples’s payout ratio is -70.59%.
A number of analysts have recently issued reports on SPLS shares. Vetr downgraded shares of Staples from a “strong-buy” rating to a “buy” rating and set a $9.50 price objective for the company. in a report on Wednesday, May 25th. Bank of America Corp. lifted their price objective on shares of Staples from $8.10 to $10.00 and gave the stock a “buy” rating in a report on Sunday, May 29th. They noted that the move was a valuation call. Citigroup Inc. reaffirmed a “neutral” rating on shares of Staples in a report on Wednesday, June 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Staples in a report on Thursday, June 2nd. Finally, Argus reaffirmed a “hold” rating on shares of Staples in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.29.
In other Staples news, General Counsel Michael Williams sold 12,458 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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