Staples Inc. (SPLS) Shares Bought by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. boosted its position in Staples Inc. (NASDAQ:SPLS) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 66,455 shares of the company’s stock after buying an additional 1,560 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Staples were worth $572,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in SPLS. OMERS ADMINISTRATION Corp increased its stake in Staples by 201.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 70,900 shares of the company’s stock worth $782,000 after buying an additional 47,400 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Staples by 11.5% in the first quarter. Canada Pension Plan Investment Board now owns 617,200 shares of the company’s stock worth $6,808,000 after buying an additional 63,600 shares during the last quarter. Credit Agricole S A increased its stake in Staples by 99.2% in the first quarter. Credit Agricole S A now owns 380,375 shares of the company’s stock worth $4,196,000 after buying an additional 189,445 shares during the last quarter. Aviva PLC increased its stake in Staples by 0.5% in the first quarter. Aviva PLC now owns 359,708 shares of the company’s stock worth $3,968,000 after buying an additional 1,907 shares during the last quarter. Finally, Investec Asset Management LTD boosted its position in shares of Staples by 0.8% in the first quarter. Investec Asset Management LTD now owns 1,751,704 shares of the company’s stock worth $19,321,000 after buying an additional 13,409 shares during the period. 86.59% of the stock is currently owned by institutional investors and hedge funds.
Staples Inc. (NASDAQ:SPLS) traded up 0.37% on Wednesday, hitting $8.24. The stock had a trading volume of 20,263,184 shares. The firm’s 50-day moving average is $8.52 and its 200-day moving average is $9.23. Staples Inc. has a 52-week low of $8.00 and a 52-week high of $13.50. The company’s market cap is $5.36 billion.
Staples (NASDAQ:SPLS) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Staples had a positive return on equity of 11.20% and a negative net margin of 2.13%. The firm earned $4.80 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Staples Inc. will post $0.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders 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 5.83%. Staples’s dividend payout ratio (DPR) is -70.59%.
A number of equities analysts have recently commented on SPLS shares. Jefferies Group reiterated a “hold” rating and issued a $9.00 target price on shares of Staples in a report on Thursday, August 18th. Deutsche Bank AG dropped their target price on Staples from $9.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, August 18th. Argus reiterated a “hold” rating on shares of Staples in a report on Friday, July 15th. Zacks Investment Research cut Staples from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, Morgan Stanley set a $10.00 target price on Staples and gave the stock a “hold” rating 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 given a buy rating and one has given a strong buy rating to the company. Staples currently has a consensus rating of “Hold” and a consensus target price of $11.29.
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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