Daiwa Securities Group Inc. held its position in Staples, Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,400 shares of the specialty retailer’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Staples were worth $195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Concert Wealth Management Inc. raised its position in Staples by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 12,065 shares of the specialty retailer’s stock worth $109,000 after buying an additional 82 shares during the last quarter. Cleararc Capital Inc. raised its position in Staples by 0.5% in the first quarter. Cleararc Capital Inc. now owns 15,885 shares of the specialty retailer’s stock worth $139,000 after buying an additional 85 shares during the last quarter. CIBC Asset Management Inc raised its position in Staples by 0.3% in the second quarter. CIBC Asset Management Inc now owns 73,643 shares of the specialty retailer’s stock worth $742,000 after buying an additional 203 shares during the last quarter. Advantus Capital Management Inc raised its position in Staples by 0.6% in the first quarter. Advantus Capital Management Inc now owns 65,306 shares of the specialty retailer’s stock worth $573,000 after buying an additional 407 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Staples by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 40,500 shares of the specialty retailer’s stock worth $408,000 after buying an additional 500 shares during the last quarter. 90.62% of the stock is currently owned by institutional investors and hedge funds.

Staples, Inc. (SPLS) opened at 10.19 on Friday. The firm has a 50-day moving average price of $10.14 and a 200-day moving average price of $9.41. Staples, Inc. has a one year low of $7.24 and a one year high of $10.25. The firm’s market capitalization is $6.66 billion.

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A number of research analysts recently weighed in on the company. Loop Capital reissued a “hold” rating and set a $5.00 target price on shares of Staples in a report on Friday, May 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Staples in a report on Tuesday, May 16th. BidaskClub lowered Staples from a “sell” rating to a “strong sell” rating in a report on Thursday. Telsey Advisory Group upped their price objective on Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.04.

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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