Ameritas Investment Partners Inc. continued to hold its position in Staples, Inc. (NASDAQ:SPLS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,550 shares of the specialty retailer’s stock at the end of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in Staples were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Staples by 2.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,056,584 shares of the specialty retailer’s stock worth $10,640,000 after acquiring an additional 29,437 shares during the period. Flippin Bruce & Porter Inc. increased its holdings in shares of Staples by 3.0% in the second quarter. Flippin Bruce & Porter Inc. now owns 654,201 shares of the specialty retailer’s stock worth $6,588,000 after buying an additional 19,095 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in shares of Staples in the second quarter worth about $1,159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Staples by 448.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 264,526 shares of the specialty retailer’s stock worth $2,664,000 after buying an additional 216,269 shares during the period. Finally, Chicago Equity Partners LLC purchased a new position in shares of Staples in the second quarter worth about $1,246,000. 85.56% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on SPLS. Zacks Investment Research upgraded Staples from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Staples in a research report on Wednesday, August 9th. Finally, BidaskClub raised Staples from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. One 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 an average price target of $8.85.

Staples, Inc. (NASDAQ SPLS) opened at $10.25 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.87 and a current ratio of 1.43.

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 Zacks’ consensus estimate of $0.12. Staples had a return on equity of 7.49% and a net margin of 1.61%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis.

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Staples 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.

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Institutional Ownership by Quarter for Staples (NASDAQ:SPLS)

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