Staples (SPLS) : Dumont Blake Investment Advisors scooped up 675 additional shares in Staples during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 71,197 shares of Staples which is valued at $747,569.Staples makes up approximately 0.38% of Dumont Blake Investment Advisors’s portfolio.
Staples opened for trading at $10.62 and hit $10.69 on the upside on Wednesday, eventually ending the session at $10.67, with a gain of 0.28% or 0.03 points. The heightened volatility saw the trading volume jump to 64,02,260 shares. Company has a market cap of $6,890 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in SPLS during the most recent quarter. The investment firm sold 107,664 shares of SPLS which is valued $1,130,472. Integral Derivatives sold out all of its stake in SPLS during the most recent quarter. The investment firm sold 80,342 shares of SPLS which is valued $895,813. Breton Hill Capital Ltd. added SPLS to its portfolio by purchasing 96,613 company shares during the most recent quarter which is valued at $1,077,235. Staples makes up approx 0.40% of Breton Hill Capital Ltd.’s portfolio.Creative Planning reduced its stake in SPLS by selling 444 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 20,339 shares of SPLS which is valued at $224,339.British Columbia Investment Management Corp reduced its stake in SPLS by selling 29,647 shares or 13.79% in the most recent quarter. The Hedge Fund company now holds 185,291 shares of SPLS which is valued at $2,043,760. Staples makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.
On the company’s financial health, Staples reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 4, 2016. Analyst had a consensus of $0.28. The company had revenue of $5268.00 million for the quarter, compared to analysts expectations of $5411.80 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Staples. Shares were Reiterated by Deutsche Bank on Mar 7, 2016 to “Hold” and Lowered the Price Target to $ 10 from a previous price target of $11 .
Staples Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products such as Websites and mobile platforms retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and Staples.com businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses including Staples Advantage and Quill.com. The International Operations segment consists of businesses in around 23 countries in Europe Australia South America and Asia. It serves businesses in North America Europe Australia South America and Asia. Its delivery business offers online order placing.