Staples, Inc. (SPLS) Holding Grow by Venturi Wealth Management LLC

Staples, Inc. (SPLS) Holding Grow by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in shares of Staples, Inc. (NASDAQ:SPLS) by 2.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,280 shares of the specialty retailer’s stock after buying an additional 580 shares during the period. Venturi Wealth Management LLC’s holdings in Staples were worth $195,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Wexford Capital LP acquired a new position in shares of Staples during the fourth quarter worth about $100,000. Capstone Investment Advisors LLC acquired a new position in shares of Staples during the fourth quarter worth about $108,000. Cutter & CO Brokerage Inc. boosted its position in shares of Staples by 13.9% in the first quarter. Cutter & CO Brokerage Inc. now owns 12,300 shares of the specialty retailer’s stock worth $108,000 after buying an additional 1,500 shares in the last quarter. Concert Wealth Management Inc. boosted its position in shares of 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 in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Staples during the fourth quarter worth about $115,000. Institutional investors own 85.71% of the company’s stock.

Staples, Inc. (SPLS) traded down 0.66% during midday trading on Friday, reaching $9.09. 2,566,391 shares of the company’s stock traded hands. The company’s market cap is $5.94 billion. The stock has a 50-day moving average of $9.38 and a 200 day moving average of $9.28. Staples, Inc. has a 52-week low of $7.24 and a 52-week high of $10.25.

Staples (NASDAQ:SPLS) last issued its earnings results on Tuesday, May 16th. The specialty retailer reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts anticipate that Staples, Inc. will post $0.88 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on SPLS shares. Jefferies Group LLC reiterated a “hold” rating and set a $9.00 target price on shares of Staples in a research report on Thursday, April 6th. Zacks Investment Research cut shares of Staples from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Staples in a research report on Tuesday, May 16th. Citigroup Inc upgraded shares of Staples from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, April 5th. Finally, Loop Capital reiterated a “hold” rating and set a $5.00 target price on shares of Staples in a research report on Friday, May 19th. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Staples presently has an average rating of “Hold” and an average target price of $9.06.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SPLS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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