Staples, Inc. (NASDAQ:SPLS) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Staples, Inc. (NASDAQ:SPLS) by 26.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 82,655 shares of the specialty retailer’s stock after selling 29,392 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Staples were worth $832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPLS. ProShare Advisors LLC lifted its holdings in shares of Staples by 29.1% during the 1st quarter. ProShare Advisors LLC now owns 157,272 shares of the specialty retailer’s stock worth $1,379,000 after acquiring an additional 35,438 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Staples by 39.8% in the first quarter. Russell Investments Group Ltd. now owns 620,571 shares of the specialty retailer’s stock worth $5,443,000 after purchasing an additional 176,666 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Staples by 12.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 56,700 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 6,318 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Staples by 4.4% in the first quarter. Wells Fargo & Company MN now owns 2,647,495 shares of the specialty retailer’s stock worth $23,218,000 after purchasing an additional 111,653 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Staples by 2.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 143,177 shares of the specialty retailer’s stock worth $1,256,000 after purchasing an additional 3,769 shares during the last quarter. 85.56% of the stock is owned by institutional investors.

Staples, Inc. (NASDAQ:SPLS) opened at 10.25 on Friday. The stock’s 50 day moving average is $10.21 and its 200 day moving average is $9.58. Staples, Inc. has a 52 week low of $7.24 and a 52 week high of $10.26. The company’s market capitalization is $6.73 billion.

Staples (NASDAQ:SPLS) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.87 billion. Staples had a negative net margin of 8.53% and a positive return on equity of 15.09%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. On average, equities research analysts expect that Staples, Inc. will post $0.86 earnings per share for the current year.

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SPLS has been the subject of several recent research reports. BidaskClub raised shares of Staples from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. 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. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Staples in a research note on Tuesday, June 20th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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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