Staples (SPLS) Debt Trading 3.3% Higher

An issue of Staples, Inc. (NASDAQ:SPLS) bonds rose 3.3% against their face value during trading on Thursday. The high-yield issue of debt has a 8.5% coupon and is set to mature on September 15, 2025. The debt is now trading at $97.25 and was trading at $93.75 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its share price.

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.43 and a quick ratio of 0.87. Staples, Inc. has a 1 year low of $7.24 and a 1 year high of $10.26.

Several large investors have recently added to or reduced their stakes in the company. W. E. Donoghue & Co. LLC acquired a new position in shares of Staples during the 2nd quarter worth $17,464,000. Public Employees Retirement System of Ohio raised its stake in shares of Staples by 0.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 260,243 shares of the specialty retailer’s stock worth $2,621,000 after buying an additional 1,312 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Staples by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 221,236 shares of the specialty retailer’s stock worth $2,227,000 after buying an additional 45,623 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Staples by 42.5% during the 2nd quarter. Janus Henderson Group PLC now owns 155,805 shares of the specialty retailer’s stock worth $1,570,000 after buying an additional 46,485 shares during the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Staples by 196.3% during the 3rd quarter. Shell Asset Management Co. now owns 109,908 shares of the specialty retailer’s stock worth $1,330,000 after buying an additional 72,818 shares during the last quarter. 85.56% of the stock is owned by institutional investors and hedge funds.

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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.

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