Chevy Chase Trust Holdings Inc. boosted its position in Staples, Inc. (NASDAQ:SPLS) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 562,700 shares of the specialty retailer’s stock after buying an additional 1,893 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Staples worth $5,666,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of Staples during the first quarter worth about $243,000. Atria Investments LLC increased its position in shares of Staples by 56.5% in the first quarter. Atria Investments LLC now owns 265,220 shares of the specialty retailer’s stock worth $2,326,000 after buying an additional 95,778 shares during the period. Visionary Asset Management Inc. increased its position in shares of Staples by 7.6% in the first quarter. Visionary Asset Management Inc. now owns 365,463 shares of the specialty retailer’s stock worth $3,205,000 after buying an additional 25,680 shares during the period. Bank of Montreal Can increased its position in shares of Staples by 10.7% in the first quarter. Bank of Montreal Can now owns 2,059,504 shares of the specialty retailer’s stock worth $18,062,000 after buying an additional 198,666 shares during the period. Finally, E&G Advisors LP increased its position in shares of Staples by 60.6% in the first quarter. E&G Advisors LP now owns 53,000 shares of the specialty retailer’s stock worth $465,000 after buying an additional 20,000 shares during the period. 91.89% of the stock is currently owned by institutional investors.
Shares of Staples, Inc. (NASDAQ SPLS) traded down 0.20% during trading on Wednesday, hitting $10.16. The company had a trading volume of 1,730,908 shares. The stock’s market capitalization is $6.64 billion. The firm’s 50 day moving average is $9.76 and its 200-day moving average is $9.33. Staples, Inc. has a 52 week low of $7.24 and a 52 week high of $10.25.
Staples (NASDAQ:SPLS) last released its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.50 billion. Staples had a positive return on equity of 14.07% and a negative net margin of 12.51%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities research analysts anticipate that Staples, Inc. will post $0.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 23rd were given a $0.12 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.72%. Staples’s dividend payout ratio is currently -13.30%.
SPLS has been the subject of a number of recent analyst reports. Citigroup Inc. upgraded Staples from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, April 5th. Deutsche Bank AG set a $8.00 price objective on Staples and gave the company a “hold” rating in a research note on Thursday, June 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Staples in a research note on Tuesday, June 20th. Loop Capital reiterated a “hold” rating and set a $5.00 price target on shares of Staples in a research note on Friday, May 19th. Finally, Zacks Investment Research upgraded Staples from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.18.
About Staples
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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