PNC Financial Services Group Inc. lifted its position in shares of Staples, Inc. (NASDAQ:SPLS) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,148 shares of the specialty retailer’s stock after purchasing an additional 3,226 shares during the period. PNC Financial Services Group Inc.’s holdings in Staples were worth $776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPLS. BlackRock Inc. lifted its position in shares of Staples by 3,241.4% during the first quarter. BlackRock Inc. now owns 47,899,430 shares of the specialty retailer’s stock worth $420,078,000 after purchasing an additional 46,465,935 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position in shares of Staples by 3,854.3% during the second quarter. Quinn Opportunity Partners LLC now owns 5,528,766 shares of the specialty retailer’s stock worth $55,675,000 after purchasing an additional 5,388,948 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Staples by 48.6% during the first quarter. Dimensional Fund Advisors LP now owns 15,070,240 shares of the specialty retailer’s stock worth $132,163,000 after purchasing an additional 4,930,604 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Staples by 4.9% during the first quarter. Vanguard Group Inc. now owns 65,277,605 shares of the specialty retailer’s stock worth $572,485,000 after purchasing an additional 3,047,800 shares in the last quarter. Finally, Chicago Capital Management LLC acquired a new position in shares of Staples during the second quarter worth $18,911,000. 85.56% of the stock is currently owned by institutional investors and hedge funds.

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SPLS has been the topic of a number of recent research reports. BidaskClub raised shares of Staples from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Deutsche Bank AG set a $8.00 target price on shares of Staples and gave the stock a “hold” rating in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price target on shares of Staples in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $8.85.

Shares of Staples, Inc. (NASDAQ:SPLS) opened at 10.25 on Thursday. The firm’s 50 day moving average is $10.21 and its 200-day moving average is $9.58. Staples, Inc. has a one year low of $7.24 and a one year high of $10.26. The firm’s market capitalization is $6.73 billion.

Staples (NASDAQ:SPLS) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Staples had a return on equity of 7.49% and a net margin of 1.61%. Staples’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.12 earnings per share. On average, equities research analysts predict that Staples, Inc. will post $0.86 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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