Staples, Inc. (NASDAQ:SPLS) Holdings Reduced by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its position in shares of Staples, Inc. (NASDAQ:SPLS) by 76.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,267 shares of the specialty retailer’s stock after selling 773,308 shares during the quarter. WINTON GROUP Ltd’s holdings in Staples were worth $2,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Staples by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 66,280,831 shares of the specialty retailer’s stock valued at $667,448,000 after buying an additional 1,003,226 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Staples by 1.1% in the 2nd quarter. BlackRock Inc. now owns 48,433,573 shares of the specialty retailer’s stock valued at $487,727,000 after purchasing an additional 534,143 shares during the last quarter. FMR LLC lifted its stake in shares of Staples by 15.1% in the 2nd quarter. FMR LLC now owns 35,888,851 shares of the specialty retailer’s stock valued at $361,400,000 after purchasing an additional 4,708,987 shares during the last quarter. State Street Corp lifted its stake in shares of Staples by 1.4% in the 1st quarter. State Street Corp now owns 29,559,253 shares of the specialty retailer’s stock valued at $259,230,000 after purchasing an additional 416,843 shares during the last quarter. Finally, Valueinvest Asset Management S.A. lifted its stake in shares of Staples by 7.7% in the 1st quarter. Valueinvest Asset Management S.A. now owns 14,251,800 shares of the specialty retailer’s stock valued at $124,988,000 after purchasing an additional 1,019,700 shares during the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.

Several research firms have recently issued reports on SPLS. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Staples in a research note on Wednesday, August 9th. BidaskClub lowered Staples from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Staples from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Telsey Advisory Group raised their price objective on Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Staples has a consensus rating of “Hold” and a consensus target price of $8.85.

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Shares of Staples, Inc. (SPLS) traded up 0.10% during midday trading on Friday, reaching $10.25. The company’s stock had a trading volume of 9,785,997 shares. The company’s market capitalization is $6.73 billion. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $9.58. Staples, Inc. has a one year low of $7.24 and a one year high of $10.26.

Staples (NASDAQ:SPLS) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Staples had a net margin of 1.61% and a return on equity of 7.49%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts expect that Staples, Inc. will post $0.86 earnings per share for the current fiscal year.

Staples 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.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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