Staples, Inc. (NASDAQ:SPLS) Shares Bought by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund raised its position in shares of Staples, Inc. (NASDAQ:SPLS) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 421,614 shares of the specialty retailer’s stock after buying an additional 30,900 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.06% of Staples worth $4,246,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Stephens Inc. AR increased its stake in shares of Staples by 6.8% in the first quarter. Stephens Inc. AR now owns 11,640 shares of the specialty retailer’s stock worth $102,000 after buying an additional 744 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Staples during the first quarter worth $102,000. Cutter & CO Brokerage Inc. increased its stake in shares of Staples by 13.9% in the first quarter. Cutter & CO Brokerage Inc. now owns 12,300 shares of the specialty retailer’s stock worth $108,000 after buying an additional 1,500 shares during the last quarter. Concert Wealth Management Inc. increased its stake in shares of Staples by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 12,065 shares of the specialty retailer’s stock worth $109,000 after buying an additional 82 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Staples during the second quarter worth $109,000. 94.57% of the stock is owned by institutional investors.
Shares of Staples, Inc. (NASDAQ:SPLS) opened at 10.09 on Friday. The firm’s 50-day moving average is $9.54 and its 200-day moving average is $9.27. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.25. The stock’s market capitalization is $6.59 billion.
Staples (NASDAQ:SPLS) last posted its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.50 billion. Staples had a positive return on equity of 14.07% and a negative net margin of 12.51%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. On average, analysts predict that Staples, Inc. will post $0.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Friday, June 23rd were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.76%. Staples’s payout ratio is currently -13.30%.
SPLS has been the subject of a number of research analyst reports. Citigroup Inc. raised shares of Staples from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, April 5th. Deutsche Bank AG set a $8.00 price target on shares of Staples and gave the company a “hold” rating in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a report on Tuesday, June 20th. Loop Capital reissued a “hold” rating and issued a $5.00 price target on shares of Staples in a report on Friday, May 19th. Finally, Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.18.
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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