Hawkins Capital buys $12,430,688 stake in Staples (SPLS)

Staples (SPLS) : Hawkins Capital scooped up 217,000 additional shares in Staples during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,352,632 shares of Staples which is valued at $12,430,688.Staples makes up approximately 3.84% of Hawkins Capital’s portfolio.

Other Hedge Funds, Including , Empyrean Capital Partners Lp added SPLS to its portfolio by purchasing 314,020 company shares during the most recent quarter which is valued at $2,885,844. Staples makes up approx 0.19% of Empyrean Capital Partners Lp’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in SPLS in the latest quarter, The investment management firm added 696,697 additional shares and now holds a total of 1,395,000 shares of Staples which is valued at $12,820,050. Staples makes up approx 0.10% of Cornerstone Capital Management Holdings.’s portfolio.Norges Bank boosted its stake in SPLS in the latest quarter, The investment management firm added 670,767 additional shares and now holds a total of 7,354,579 shares of Staples which is valued at $67,588,581. Staples makes up approx 0.03% of Norges Bank’s portfolio.Liberty Mutual Group Asset Management reduced its stake in SPLS by selling 24,563 shares or 35.41% in the most recent quarter. The Hedge Fund company now holds 44,813 shares of SPLS which is valued at $411,831. Staples makes up approx 0.01% of Liberty Mutual Group Asset Management’s portfolio.Flippin Bruce Porter Inc boosted its stake in SPLS in the latest quarter, The investment management firm added 169,195 additional shares and now holds a total of 532,993 shares of Staples which is valued at $4,951,505. Staples makes up approx 1.39% of Flippin Bruce Porter Inc’s portfolio.

Staples closed down -0.05 points or -0.58% at $8.51 with 47,73,661 shares getting traded on Thursday. Post opening the session at $8.59, the shares hit an intraday low of $8.43 and an intraday high of $8.635 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Staples reported $0.12 EPS for the quarter, based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $4752.00 million for the quarter, compared to analysts expectations of $4762.00 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Staples. Staples was Upgraded by BofA/Merrill to ” Buy” on May 23, 2016.

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.

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