Lingohr & Partner Asset Management GmbH boosted its position in Staples, Inc. (NASDAQ:SPLS) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,395 shares of the specialty retailer’s stock after buying an additional 7,895 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Staples were worth $1,389,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of SPLS. ING Groep NV boosted its stake in Staples by 15.2% in the fourth quarter. ING Groep NV now owns 208,799 shares of the specialty retailer’s stock worth $1,917,000 after buying an additional 27,572 shares during the period. James Investment Research Inc. purchased a new stake in Staples during the first quarter worth approximately $139,000. HighPoint Advisor Group LLC boosted its stake in Staples by 105.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 102,732 shares of the specialty retailer’s stock worth $942,000 after buying an additional 52,792 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Staples by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,070,639 shares of the specialty retailer’s stock worth $18,739,000 after buying an additional 10,418 shares during the period. Finally, DnB Asset Management AS boosted its stake in Staples by 32.2% in the first quarter. DnB Asset Management AS now owns 48,849 shares of the specialty retailer’s stock worth $428,000 after buying an additional 11,900 shares during the period. Institutional investors and hedge funds own 92.47% of the company’s stock.
Shares of Staples, Inc. (NASDAQ SPLS) traded down 2.11% during midday trading on Friday, reaching $8.80. The company’s stock had a trading volume of 8,898,807 shares. The company’s market capitalization is $5.75 billion. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.25. The stock has a 50 day moving average of $9.20 and a 200-day moving average of $9.25.
Staples (NASDAQ:SPLS) last announced its quarterly earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the business earned $0.17 earnings per share. Staples’s revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Staples, Inc. will post $0.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 23rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Wednesday, June 21st. Staples’s dividend payout ratio (DPR) is presently -13.30%.
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A number of analysts have recently commented on SPLS shares. Zacks Investment Research cut Staples from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. Citigroup Inc. upgraded Staples from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, April 5th. Jefferies Group LLC reissued a “hold” rating and set a $9.00 price target on shares of Staples in a report on Saturday, March 11th. Loop Capital reissued a “hold” rating and set a $10.00 price target on shares of Staples in a report on Thursday, April 6th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a report on Tuesday, May 16th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.06.
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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