State of Wisconsin Investment Board lowered its stake in Staples Inc. (NASDAQ:SPLS) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 412,776 shares of the company’s stock after selling 16,400 shares during the period. State of Wisconsin Investment Board’s holdings in Staples were worth $3,529,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SPLS. NN Investment Partners Holdings N.V. raised its stake in Staples by 22.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 727,677 shares of the company’s stock valued at $6,272,000 after buying an additional 135,000 shares during the period. Breton Hill Capital Ltd. raised its stake in Staples by 6.1% in the second quarter. Breton Hill Capital Ltd. now owns 102,471 shares of the company’s stock valued at $883,000 after buying an additional 5,858 shares during the period. North Star Investment Management Corp. purchased a new stake in Staples during the second quarter valued at approximately $733,000. Quotient Investors LLC purchased a new stake in Staples during the second quarter valued at approximately $1,353,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Staples by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 552,098 shares of the company’s stock valued at $4,759,000 after buying an additional 7,222 shares during the period. Institutional investors own 86.20% of the company’s stock.

Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

Staples Inc. (NASDAQ:SPLS) traded up 1.13% during mid-day trading on Tuesday, hitting $9.81. The stock had a trading volume of 8,753,223 shares. Staples Inc. has a one year low of $7.24 and a one year high of $12.79. The company has a 50 day moving average price of $8.17 and a 200-day moving average price of $8.57. The company’s market cap is $6.38 billion.

Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. Staples had a negative net margin of 2.25% and a positive return on equity of 11.46%. The business earned $5.40 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the company posted $0.35 EPS. The company’s revenue was down 4.3% on a year-over-year basis. Equities analysts expect that Staples Inc. will post $0.89 earnings per share for the current fiscal year.

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Several equities research analysts have commented on the company. Zacks Investment Research upgraded Staples from a “sell” rating to a “hold” rating in a research note on Friday, November 18th. Jefferies Group restated a “hold” rating and issued a $9.00 price target on shares of Staples in a research report on Friday, November 18th. Telsey Advisory Group upped their price target on Staples from $8.00 to $9.00 and gave the company a “market perform” rating in a research report on Thursday, November 17th. Deutsche Bank AG dropped their price target on Staples from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 18th. Finally, Citigroup Inc. dropped their price target on Staples from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Staples has a consensus rating of “Hold” and an average price target of $10.05.

About Staples

Staples, Inc is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations.

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