Do Staples’ Stockholders See Value Yet After the Selloff?

2012 has been quite a slow and steady year for Staples, Inc. (NASDAQ:SPLS) as shares are down 2.16 percent. On May 16, the company reported its first quarter earnings and saw its net income fall to $187.1 million (27 cents per share) vs. $198.2 million (28 cents per share) from the previous year.  This is a 5.6% decline from the year-earlier quarter. Revenue also dropped 1.1% to $6.1 billion from the year-earlier quarter.

The company fell short of the 30 cents per share estimate and $6.19 billion revenue forecast.

Ron Sargent, Staples’ chairman and chief executive officer, said of the company’s outlook, “In North America we continue to build momentum in categories beyond office supplies while trends in our international business remain soft. Our plans remain on track to grow both sales and earnings during 2012.”

With the first quarter’s disappointing numbers, will Staple’s (NASDAQ:SPLS) large number of shareholders cut their holdings? 622 institutional firms indicated owning shares of Staples, Inc. (NASDAQ:SPLS) in Q1 2012. These firms reported owning a total of 592.001 million shares on 03/31/2012. The shares closed at $16.19 on 03/31/2012.

Here are the ten largest positions in Staples, Inc. at the end of March 31st, 2012.

State Street Corp held 29,599,750 shares on 03/31/2012 worth $479,219,968. This brought the portfolio total to 0.07%.

FMR LLC held 28,981,209 shares on 03/31/2012 worth $469,205,789. This brought the portfolio total to 0.08%.

Vanguard Group Inc held 28,176,298 shares on 03/31/2012 worth $456,174,280. This brought the portfolio total to 0.06%.

Pzena Investment Management LLC held 28,135,326 shares on 03/31/2012 worth $455,510,943. This brought the portfolio total to 4.72%.

Invesco Ltd. held 21,339,471 shares on 03/31/2012 worth $345,486,047. This brought the portfolio total to 0.17%.

Thornburg Investment Management Inc held 18,261,244 shares on 03/31/2012 worth $295,649,550. This brought the portfolio total to 1.34%.

Macquarie Group Ltd held 18,177,121 shares on 03/31/2012 worth $294,287,599. This brought the portfolio total to 0.76%.

Blackrock Institutional Trust Company N.A. held 17,763,777 shares on 03/31/2012 worth $287,595,559. This brought the portfolio total to 0.07%.

Wellington Management Co LLP held 17,281,665 shares on 03/31/2012 worth $279,790,166. This brought the portfolio total to 0.1%.

Price T Rowe Associates Inc /MD/ held 17,205,628 shares on 03/31/2012 worth $278,559,127. This brought the portfolio total to 0.08%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.