BlackRock Advisors LLC boosted its stake in Staples Inc. (NASDAQ:SPLS) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,307,336 shares of the company’s stock after buying an additional 103,974 shares during the period. BlackRock Advisors LLC owned 0.20% of Staples worth $11,269,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Aperio Group LLC raised its position in shares of Staples by 51.8% in the first quarter. Aperio Group LLC now owns 279,811 shares of the company’s stock valued at $3,086,000 after buying an additional 95,448 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Staples by 1.4% in the first quarter. Teachers Advisors Inc. now owns 1,892,277 shares of the company’s stock valued at $20,872,000 after buying an additional 25,682 shares during the last quarter. BlackRock Group LTD raised its position in shares of Staples by 8.4% in the first quarter. BlackRock Group LTD now owns 5,525,558 shares of the company’s stock valued at $60,949,000 after buying an additional 425,888 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Staples by 11.7% in the first quarter. BlackRock Fund Advisors now owns 13,588,523 shares of the company’s stock valued at $149,881,000 after buying an additional 1,424,748 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Staples by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 16,911,085 shares of the company’s stock valued at $186,529,000 after buying an additional 221,296 shares during the last quarter. 86.59% of the stock is currently owned by institutional investors.
Shares of Staples Inc. (NASDAQ:SPLS) opened at 8.03 on Friday. The company has a 50-day moving average of $8.49 and a 200-day moving average of $9.21. Staples Inc. has a 12 month low of $8.00 and a 12 month high of $13.50. The firm’s market cap is $5.22 billion.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Staples had a negative net margin of 2.13% and a positive return on equity of 11.20%. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the business posted $0.12 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities analysts forecast that Staples Inc. will post $0.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 23rd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $0.48 dividend on an annualized basis and a yield of 5.98%. Staples’s dividend payout ratio is currently -70.59%.
Several equities analysts have issued reports on SPLS shares. Vetr raised Staples from a “buy” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a report on Monday, June 27th. Argus reiterated a “hold” rating on shares of Staples in a research note on Friday, July 15th. Deutsche Bank AG decreased their target price on shares of Staples from $9.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, August 18th. Jefferies Group reiterated a “hold” rating and set a $9.00 target price on shares of Staples in a research note on Thursday, August 18th. Finally, TheStreet downgraded shares of Staples to a “sell” rating in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.29.
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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