Staples, Inc. (SPLS) Holdings Maintained by Croft Leominster Inc.

Croft Leominster Inc. continued to hold its stake in shares of Staples, Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 584,144 shares of the specialty retailer’s stock at the close of the second quarter. Croft Leominster Inc. owned about 0.09% of Staples worth $5,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its stake in Staples by 11.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,312,008 shares of the specialty retailer’s stock worth $20,276,000 after buying an additional 241,369 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Staples by 63.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,297 shares of the specialty retailer’s stock worth $169,000 after buying an additional 7,487 shares in the last quarter. Mason Street Advisors LLC raised its stake in Staples by 1.0% in the first quarter. Mason Street Advisors LLC now owns 89,900 shares of the specialty retailer’s stock worth $788,000 after buying an additional 909 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Staples by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 84,198 shares of the specialty retailer’s stock worth $739,000 after buying an additional 964 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Staples by 26.4% in the first quarter. Nordea Investment Management AB now owns 27,677 shares of the specialty retailer’s stock worth $243,000 after buying an additional 5,785 shares in the last quarter. 85.56% of the stock is owned by hedge funds and other institutional investors.

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

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Shares of Staples, Inc. (NASDAQ SPLS) traded up 0.10% during midday trading on Wednesday, reaching $10.25. 9,785,997 shares of the company’s stock were exchanged. The company’s market cap is $6.73 billion. The stock’s 50 day moving average price is $10.21 and its 200 day moving average price is $9.58. Staples, Inc. has a 12-month low of $7.24 and a 12-month high of $10.26.

Staples (NASDAQ:SPLS) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Staples had a net margin of 1.61% and a return on equity of 7.49%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate 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.

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Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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