Public Employees Retirement System of Ohio Raises Position in Staples, Inc. (SPLS)
Public Employees Retirement System of Ohio increased its holdings in Staples, Inc. (NASDAQ:SPLS) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,243 shares of the specialty retailer’s stock after acquiring an additional 1,312 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Staples were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC purchased a new stake in Staples during the 1st quarter valued at about $102,000. Ballentine Partners LLC grew its position in Staples by 0.5% during the 2nd quarter. Ballentine Partners LLC now owns 10,304 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 50 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in Staples during the 2nd quarter valued at about $109,000. Airain ltd purchased a new stake in Staples during the 2nd quarter valued at about $109,000. Finally, Summit Securities Group LLC purchased a new stake in Staples during the 2nd quarter valued at about $116,000. Institutional investors own 85.56% of the company’s stock.
SPLS has been the topic of several recent analyst reports. BidaskClub raised shares of Staples from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $9.00 price objective on shares of Staples in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Staples presently has a consensus rating of “Hold” and an average target price of $8.85.
Shares of Staples, Inc. (SPLS) opened at 10.25 on Wednesday. The stock’s market cap is $6.73 billion. Staples, Inc. has a one year low of $7.24 and a one year high of $10.26. The stock’s 50 day moving average is $10.21 and its 200-day moving average is $9.58.
Staples (NASDAQ:SPLS) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. Staples had a net margin of 1.61% and a return on equity of 7.49%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that Staples, Inc. will post $0.86 EPS for the current year.
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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