Stock of The Day: Is Staples Inc (NASDAQ:SPLS) Going to Burn These Institutional Investors?

November 25, 2016 - By Vivian Park   ·   0 Comments

Stock of The Day: Is Staples Inc (NASDAQ:SPLS) Going to Burn These Institutional Investors?

Sentiment for Staples Inc (NASDAQ:SPLS)

Staples Inc (NASDAQ:SPLS) institutional sentiment is 1.12 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as only 221 hedge funds increased and started new equity positions, while 198 cut down and sold holdings in Staples Inc. The hedge funds in our partner’s database reported: 539.26 million shares, down from 582.27 million shares in 2016Q1. Also, the number of hedge funds holding Staples Inc in their top 10 equity positions decreased from 5 to 3 for a decrease of 2. Sold All: 67 Reduced: 131 Increased: 164 New Position: 57.

Staples, Inc. is a provider of products and services for business clients and consumers. The company has a market cap of $6.48 billion. The Firm offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. It currently has negative earnings. The Firm operates through three business divisions, which include North American Stores & Online, North American Commercial and International Operations.

The stock decreased 0.91% or $0.09 during the last trading session, hitting $9.85. About 2.93M shares traded hands. Staples, Inc. (NASDAQ:SPLS) has declined 5.33% since April 22, 2016 and is downtrending. It has underperformed by 10.74% the S&P500.

Analysts await Staples, Inc. (NASDAQ:SPLS) to report earnings on March, 3. They expect $0.25 earnings per share, down 3.85% or $0.01 from last year’s $0.26 per share. SPLS’s profit will be $164.47M for 9.85 P/E if the $0.25 EPS becomes a reality. After $0.34 actual earnings per share reported by Staples, Inc. for the previous quarter, Wall Street now forecasts -26.47% negative EPS growth.

According to Zacks Investment Research, “Staples.com is creating a leading business-to-business electronic marketplace offering a comprehensive solution for all of the office needs of business customers. Staples.com provides an electronic marketplace where small, mid-sized and large businesses can procure office products and business services and obtain business information and expert content. Staples.com includes the operations of all three of Staples Inc.’s e-commerce sites: Staples.com, Quillcorp.com and StaplesLink.com. (PRESS RELEASE)”

Goodhaven Capital Management Llc holds 4.53% of its portfolio in Staples, Inc. for 1.53 million shares. Randolph Co Inc owns 1.76 million shares or 3.91% of their US portfolio. Moreover, Hawkins Capital L.P. has 3.89% invested in the company for 1.35 million shares. The California-based Pacifica Capital Investments Llc has invested 3.54% in the stock. Qv Investors Inc., a Alberta – Canada-based fund reported 2.83 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 1 insider sale for $105,797 net activity.

Staples, Inc. (NASDAQ:SPLS) Ratings Coverage

Ratings analysis reveals 10% of Staples Inc.’s analysts are positive. Out of 10 Wall Street analysts rating Staples Inc., 1 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $8 while the high is $18. The stock’s average target of $10.86 is 10.25% above today’s ($9.85) share price. SPLS was included in 18 notes of analysts from July 30, 2015. The stock of Staples, Inc. (NASDAQ:SPLS) earned “Sell” rating by Zacks on Wednesday, August 12. The rating was maintained by Telsey Advisory Group on Wednesday, May 11 with “Market Perform”. Citigroup maintained it with “Neutral” rating and $15 target price in Monday, August 24 report. UBS downgraded the stock to “Neutral” rating in Wednesday, May 11 report. As per Sunday, August 23, the company rating was maintained by Deutsche Bank. Bank of America downgraded the stock to “Underperform” rating in Friday, December 11 report. The firm has “Hold” rating by Deutsche Bank given on Monday, March 7. The stock has “Hold” rating given by Deutsche Bank on Thursday, November 19. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, December 8 report. Bank of America upgraded the shares of SPLS in a report on Monday, May 23 to “Buy” rating.

SPLS Company Profile

Staples, Inc. (Staples), incorporated on January 23, 1986, is a well-known provider of services and products for business clients and consumers. The Firm offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Firm operates through three business divisions, which include North American Stores & Online, North American Commercial and International Operations. The Firm serves businesses of all sizes and clients in North America, Europe, Australia, South America and Asia. The Company’s delivery business enables clients to place their orders online.

More recent Staples, Inc. (NASDAQ:SPLS) news were published by: Marketwatch.com which released: “Staples quarterly earnings meet expectations, but sales miss Wall Street’s target” on November 17, 2016. Also Investorplace.com published the news titled: “Staples, Inc. (SPLS) Stock Pops After Q3 Earnings Results” on November 18, 2016. Blogs.Wsj.com‘s news article titled: “Staples Offloads UK Business For ‘Nominal’ Amount To Focus on Core” with publication date: November 18, 2016 was also an interesting one.

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By Vivian Park

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