Natixis Asset Management maintained its position in Staples Inc. (NASDAQ:SPLS) during the third quarter, Holdings Channel reports. The firm owned 62,109 shares of the company’s stock at the end of the third quarter. Natixis Asset Management’s holdings in Staples were worth $531,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp increased its position in Staples by 25.4% in the third quarter. OMERS ADMINISTRATION Corp now owns 250,100 shares of the company’s stock valued at $2,138,000 after buying an additional 50,600 shares during the period. United Services Automobile Association increased its position in shares of Staples by 27.2% in the third quarter. United Services Automobile Association now owns 251,922 shares of the company’s stock valued at $2,154,000 after buying an additional 53,870 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Staples by 18.1% in the third quarter. Hsbc Holdings PLC now owns 1,467,066 shares of the company’s stock valued at $12,547,000 after buying an additional 225,074 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Staples by 74.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 907,022 shares of the company’s stock valued at $7,755,000 after buying an additional 385,739 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its position in shares of Staples by 3.9% in the third quarter. AMP Capital Investors Ltd now owns 1,124,459 shares of the company’s stock valued at $9,378,000 after buying an additional 42,123 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.
Staples Inc. (NASDAQ:SPLS) traded down 2.58% on Thursday, reaching $9.05. The company’s stock had a trading volume of 3,921,284 shares. The stock’s market cap is $5.89 billion. Staples Inc. has a 52-week low of $7.24 and a 52-week high of $11.37. The firm’s 50-day moving average price is $9.48 and its 200-day moving average price is $8.79.
Staples (NASDAQ:SPLS) last issued its earnings results on Thursday, November 17th. The company reported $0.34 earnings per share for the quarter, meeting 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 firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Staples Inc. will post $0.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Wednesday, December 21st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Monday, December 19th. Staples’s payout ratio is -66.67%.
SPLS has been the subject of several research analyst reports. Jefferies Group reiterated a “neutral” rating on shares of Staples in a research report on Wednesday, October 5th. Zacks Investment Research downgraded Staples from a “hold” rating to a “sell” rating in a research report on Thursday, November 10th. Telsey Advisory Group lifted 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. TheStreet upgraded Staples from a “sell” rating to a “hold” rating in a research report on Monday, December 5th. Finally, Loop Capital initiated coverage on Staples in a research report on Tuesday, December 13th. They issued a “hold” rating and a $10.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.04.
In other news, SVP Mark Conte sold 5,195 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $9.97, for a total value of $51,794.15. Following the completion of the transaction, the senior vice president now directly owns 80,431 shares in the company, valued at approximately $801,897.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Staples Company Profile
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.
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