Renaissance Technologies LLC Buys 243,984 Shares of Staples, Inc. (SPLS)

Renaissance Technologies LLC boosted its stake in shares of Staples, Inc. (NASDAQ:SPLS) by 4.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,140,117 shares of the specialty retailer’s stock after buying an additional 243,984 shares during the period. Renaissance Technologies LLC’s holdings in Staples were worth $53,849,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Concert Wealth Management Inc. boosted its stake in Staples by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 12,065 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 82 shares during the period. Cleararc Capital Inc. boosted its stake in Staples by 0.5% in the first quarter. Cleararc Capital Inc. now owns 15,885 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 85 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Staples by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,293 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 145 shares during the period. TCW Group Inc. boosted its stake in Staples by 0.4% in the fourth quarter. TCW Group Inc. now owns 114,907 shares of the specialty retailer’s stock valued at $1,040,000 after buying an additional 402 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in Staples by 0.6% in the first quarter. Advantus Capital Management Inc now owns 65,306 shares of the specialty retailer’s stock valued at $573,000 after buying an additional 407 shares during the period. 92.41% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

Shares of Staples, Inc. (SPLS) traded down 0.509% during midday trading on Tuesday, hitting $8.795. The company had a trading volume of 3,007,986 shares. The stock’s market capitalization is $5.74 billion. The stock’s 50-day moving average price is $9.17 and its 200-day moving average price is $9.24. Staples, Inc. has a one year low of $7.24 and a one year high of $10.25.

Staples (NASDAQ:SPLS) last posted its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.50 billion. Staples had a positive return on equity of 14.07% and a negative net margin of 12.51%. Staples’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. Analysts predict that Staples, Inc. will post $0.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 23rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.48 dividend on an annualized basis and a yield of 5.43%. Staples’s payout ratio is -13.30%.

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Several equities research analysts have recently commented on the company. Loop Capital reissued a “hold” rating and issued a $5.00 target price on shares of Staples in a research note on Friday, May 19th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research note on Tuesday, May 16th. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 target price on shares of Staples in a research note on Thursday, April 6th. Finally, Citigroup Inc. raised Staples from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, April 5th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.06.

Staples Company Profile

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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