Aperio Group LLC increased its stake in Staples Inc. (NASDAQ:SPLS) by 183.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,406 shares of the company’s stock after buying an additional 341,682 shares during the period. Aperio Group LLC owned about 0.08% of Staples worth $4,518,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Staples by 18.3% in the first quarter. LPL Financial LLC now owns 98,530 shares of the company’s stock worth $1,072,000 after buying an additional 15,274 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Staples by 2,503.7% in the first quarter. Panagora Asset Management Inc. now owns 998,222 shares of the company’s stock worth $11,010,000 after buying an additional 959,883 shares during the last quarter. Arizona State Retirement System increased its position in shares of Staples by 2.4% in the first quarter. Arizona State Retirement System now owns 244,607 shares of the company’s stock worth $2,698,000 after buying an additional 5,700 shares during the last quarter. Boothbay Fund Management LLC increased its position in shares of Staples by 7.3% in the first quarter. Boothbay Fund Management LLC now owns 22,167 shares of the company’s stock worth $245,000 after buying an additional 1,499 shares during the last quarter. Finally, British Columbia Investment Management Corp increased its position in shares of Staples by 25.4% in the second quarter. British Columbia Investment Management Corp now owns 232,380 shares of the company’s stock worth $2,003,000 after buying an additional 47,089 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

Shares of Staples Inc. (NASDAQ:SPLS) traded down 1.43% during trading on Wednesday, reaching $9.67. The company had a trading volume of 8,790,172 shares. Staples Inc. has a 52 week low of $7.24 and a 52 week high of $12.79. The company’s market capitalization is $6.29 billion. The stock’s 50-day moving average price is $8.17 and its 200-day moving average price is $8.57.

Staples (NASDAQ:SPLS) last issued its quarterly earnings results on Thursday, November 17th. The company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%. The company earned $5.40 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Staples Inc. will post $0.89 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on SPLS. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a report on Friday, November 18th. TheStreet cut Staples to a “sell” rating in a research report on Friday, August 19th. Jefferies Group reiterated a “hold” rating and set a $9.00 price objective on shares of Staples in a research report on Thursday, August 18th. Telsey Advisory Group upped their price objective on Staples from $8.00 to $9.00 and gave the company a “market perform” rating in a research report on Thursday, November 17th. Finally, Deutsche Bank AG reduced their price objective 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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