Flossbach Von Storch AG Maintains Position in Staples, Inc. (SPLS)

Flossbach Von Storch AG maintained its position in shares of Staples, Inc. (NASDAQ:SPLS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,530 shares of the specialty retailer’s stock at the end of the second quarter. Flossbach Von Storch AG’s holdings in Staples were worth $136,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Concert Wealth Management Inc. increased its position in shares of Staples by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 12,065 shares of the specialty retailer’s stock worth $109,000 after buying an additional 82 shares during the last quarter. Cleararc Capital Inc. increased its position in shares of Staples by 0.5% in the first quarter. Cleararc Capital Inc. now owns 15,885 shares of the specialty retailer’s stock worth $139,000 after buying an additional 85 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Staples by 0.6% in the first quarter. Advantus Capital Management Inc now owns 65,306 shares of the specialty retailer’s stock worth $573,000 after buying an additional 407 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Staples by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 40,500 shares of the specialty retailer’s stock worth $408,000 after buying an additional 500 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Staples by 2.9% in the first quarter. Venturi Wealth Management LLC now owns 20,280 shares of the specialty retailer’s stock worth $195,000 after buying an additional 580 shares during the last quarter. Institutional investors own 90.62% of the company’s stock.

Shares of Staples, Inc. (NASDAQ:SPLS) opened at 10.19 on Friday. The company’s 50-day moving average price is $10.14 and its 200 day moving average price is $9.41. The company’s market cap is $6.66 billion. Staples, Inc. has a one year low of $7.24 and a one year high of $10.25.

Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Tuesday, May 16th. The specialty retailer reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Staples had a negative net margin of 12.51% and a positive return on equity of 14.07%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Equities analysts forecast that Staples, Inc. will post $0.88 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on SPLS shares. Loop Capital reaffirmed a “hold” rating and set a $5.00 price target on shares of Staples in a report on Friday, May 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Staples in a report on Tuesday, May 16th. BidaskClub cut Staples from a “sell” rating to a “strong sell” rating in a report on Thursday. Telsey Advisory Group lifted their price target on Staples from $9.00 to $10.25 and gave the company a “market perform” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Staples has a consensus rating of “Hold” and a consensus target price of $9.04.

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.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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