Staples, Inc. (NASDAQ:SPLS) Position Maintained by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio held its stake in shares of Staples, Inc. (NASDAQ:SPLS) during the first quarter, Holdings Channel reports. The firm owned 258,931 shares of the specialty retailer’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Staples were worth $2,271,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SPLS. Achmea Investment Management B.V. acquired a new stake in shares of Staples during the first quarter valued at $3,185,000. Bank of Nova Scotia raised its stake in shares of Staples by 962.4% in the first quarter. Bank of Nova Scotia now owns 148,296 shares of the specialty retailer’s stock valued at $1,301,000 after buying an additional 134,338 shares during the period. Financial Advisors Network Inc. raised its stake in shares of Staples by 5.3% in the first quarter. Financial Advisors Network Inc. now owns 40,231 shares of the specialty retailer’s stock valued at $372,000 after buying an additional 2,012 shares during the period. Green Square Capital LLC raised its stake in shares of Staples by 22.4% in the first quarter. Green Square Capital LLC now owns 554,036 shares of the specialty retailer’s stock valued at $4,931,000 after buying an additional 101,390 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Staples during the first quarter valued at $102,000. Institutional investors and hedge funds own 94.57% of the company’s stock.
Staples, Inc. (NASDAQ SPLS) opened at 10.10 on Friday. Staples, Inc. has a 52-week low of $7.24 and a 52-week high of $10.25. The firm’s market capitalization is $6.60 billion. The firm has a 50-day moving average of $9.54 and a 200-day moving average of $9.27.
Staples (NASDAQ:SPLS) last announced its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.50 billion. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts forecast that Staples, Inc. will post $0.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Friday, June 23rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.48 dividend on an annualized basis and a yield of 4.75%. Staples’s payout ratio is -13.30%.
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Several analysts have recently weighed in on the stock. Telsey Advisory Group lifted their target price on shares of Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a research report on Thursday, June 29th. Deutsche Bank AG set a $8.00 target price on shares of Staples and gave the company a “hold” rating in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Staples in a research report on Tuesday, June 20th. Loop Capital reiterated a “hold” rating and set a $5.00 target price on shares of Staples in a research report on Friday, May 19th. Finally, Zacks Investment Research upgraded shares of Staples from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Staples currently has an average rating of “Hold” and an average price target of $9.18.
Staples Company Profile
Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers. The Company offers a range of print and marketing and technology services. The Company’s segments include North American Delivery, North American Retail and Other. The North American Delivery segment consists of the United States and Canadian businesses, including Staples Business Advantage, staples.com, staples.ca, and quill.com, that sell and deliver products and services primarily to businesses.
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