Atlantic Trust Group LLC decreased its stake in Staples, Inc. (NASDAQ:SPLS) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,363 shares of the specialty retailer’s stock after selling 14,699 shares during the quarter. Atlantic Trust Group LLC’s holdings in Staples were worth $1,746,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC grew its position in shares of Staples by 0.5% in the second quarter. Ballentine Partners LLC now owns 10,304 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 50 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Staples in the second quarter valued at about $109,000. Airain ltd acquired a new stake in shares of Staples in the second quarter valued at about $109,000. Summit Securities Group LLC acquired a new stake in shares of Staples in the second quarter valued at about $116,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Staples in the first quarter valued at about $102,000. Institutional investors and hedge funds own 85.56% of the company’s stock.
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Several analysts have recently issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a research report on Thursday, June 29th. BidaskClub lowered shares of Staples from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price target on shares of Staples in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research note on Tuesday, June 20th. Finally, Deutsche Bank AG set a $8.00 price target on shares of Staples and gave the stock a “hold” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Staples currently has a consensus rating of “Hold” and an average target price of $9.04.
Staples, Inc. (SPLS) opened at 10.25 on Friday. The stock’s market capitalization is $6.73 billion. Staples, Inc. has a 1-year low of $7.24 and a 1-year high of $10.26. The stock has a 50 day moving average of $10.20 and a 200 day moving average of $9.55.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Staples had a negative net margin of 8.53% and a positive return on equity of 15.09%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. On average, analysts expect that Staples, Inc. will post $0.87 earnings per share for the current year.
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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