Oregon Public Employees Retirement Fund raised its position in shares of Staples Inc. (NASDAQ:SPLS) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,727 shares of the company’s stock after buying an additional 26,549 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.05% of Staples worth $2,956,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPLS. Mackenzie Financial Corp purchased a new stake in shares of Staples during the second quarter valued at approximately $100,000. Concert Wealth Management Inc. purchased a new stake in shares of Staples during the second quarter valued at approximately $103,000. Veritable L.P. purchased a new stake in shares of Staples during the second quarter valued at approximately $103,000. Lapides Asset Management LLC purchased a new stake in shares of Staples during the second quarter valued at approximately $106,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Staples during the second quarter valued at approximately $110,000. Institutional investors own 86.20% of the company’s stock.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

Shares of Staples Inc. (NASDAQ:SPLS) traded up 1.13% on Tuesday, hitting $9.81. The company had a trading volume of 8,753,223 shares. The company’s market capitalization is $6.38 billion. The firm has a 50-day moving average price of $8.17 and a 200 day moving average price of $8.57. Staples Inc. has a 12-month low of $7.24 and a 12-month high of $12.79.

Staples (NASDAQ:SPLS) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.40 billion. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. Equities analysts expect that Staples Inc. will post $0.89 EPS for the current year.

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Several equities research analysts recently commented on the company. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a research note on Friday, November 18th. TheStreet cut Staples to a “sell” rating in a research report on Friday, August 19th. Jefferies Group reaffirmed a “hold” rating and set a $9.00 target price on shares of Staples in a research report on Thursday, August 18th. Telsey Advisory Group upped their target price on Staples from $8.00 to $9.00 and gave the stock a “market perform” rating in a research report on Thursday, November 17th. Finally, Deutsche Bank AG decreased their target price on Staples from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.05.

About Staples

Staples, Inc is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations.

5 Day Chart for NASDAQ:SPLS

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