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TSLA   238.72 (+1.33%)
NVDA   465.66 (+2.33%)
NIO   7.43 (+1.37%)
BABA   72.39 (-0.88%)
AMD   118.38 (-0.16%)
T   17.22 (+3.36%)
F   10.60 (-0.93%)
MU   73.69 (-0.81%)
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DIS   90.80 (-1.32%)
AMC   7.03 (-6.15%)
PFE   29.09 (-0.65%)
PYPL   57.92 (-3.22%)
XOM   100.44 (-1.94%)

ODP Stock Price, News & Analysis (NASDAQ:ODP)

$46.21
+0.16 (+0.35%)
(As of 12/5/2023 ET)
Compare
Today's Range
$45.68
▼
$46.60
50-Day Range
$43.13
▼
$49.13
52-Week Range
$39.36
▼
$53.59
Volume
392,533 shs
Average Volume
347,878 shs
Market Capitalization
$1.73 billion
P/E Ratio
9.77
Dividend Yield
N/A
Price Target
$62.00
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

ODP MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
34.2% Upside
$62.00 Price Target
Short Interest
Bearish
17.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
3.68%
From $5.43 to $5.63 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Retail/Wholesale Sector

77th out of 179 stocks

Miscellaneous Shopping Goods Stores Industry

4th out of 7 stocks

See Top Rated MarketRank™ Stocks Here

ODP stock logo

About ODP Stock (NASDAQ:ODP)

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division offers adjacency products, including cleaning, janitorial, and breakroom supplies, office furniture, technology products; and copy and print services through sales force, catalogs, telesales, and through Internet websites. This segment also engages in office supply distribution business. The Office Depot division sells office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture; and offers business services, including copying, printing, digital imaging, mailing, shipping, and technology support services through a fully integrated omni-channel platform of 980 Office Depot and OfficeMax retail stores, and through www.officedepot.com. The Veyer division engages in supply chain, distribution, procurement and global sourcing operations. The Varis division operates tech-enabled B2B indirect procurement marketplace, where buyers and suppliers to transact through the platform's consumer-like buying experience, advanced spend management tools, network of suppliers, and technology capabilities. The company offers its products under various brands, including Office Depot, OfficeMax, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida.

ODP Stock Price History

ODP Stock News Headlines

November 29, 2023 | finance.yahoo.com
The ODP Corporation to Present at the Noble Capital Markets’ Nineteenth Annual Emerging Growth Equity Conference Monday, December 4th, 2023
November 27, 2023 | msn.com
Best South African Brokers with NASDAQ
December 5, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
November 27, 2023 | msn.com
Conestoga's Ryan Zellefrow is Main Line Boys Athlete of the Week (Nov. 27-Dec. 3)
November 27, 2023 | finance.yahoo.com
ODP's (NASDAQ:ODP) investors will be pleased with their favorable 67% return over the last three years
November 17, 2023 | finance.yahoo.com
ATFX Successfully Completes Acquisition of Khwezi Financial Services, a Licensed ODP in South Africa
November 16, 2023 | finance.yahoo.com
The ODP Corporation Achieves Validation of Science-Based Emission Reduction Targets
November 14, 2023 | finance.yahoo.com
ATFX Acquires Khwezi Financial Services a licensed ODP in South Africa
December 5, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
November 13, 2023 | msn.com
Wall Street Analysts Believe ODP Corp. (ODP) Could Rally 60.89%: Here's is How to Trade
November 10, 2023 | markets.businessinsider.com
ODP Corporation Receives Buy Rating Amid Strong Q3 Results and Positive Financial Outlook
November 9, 2023 | markets.businessinsider.com
The ODP is about to announce earnings — here's what Wall Street expects
November 9, 2023 | finance.yahoo.com
The ODP Corporation (NASDAQ:ODP) Q3 2023 Earnings Call Transcript
November 9, 2023 | finance.yahoo.com
Q3 2023 ODP Corp Earnings Call
November 8, 2023 | finance.yahoo.com
The ODP Corp (ODP) Reports Mixed Q3 Results Amid Economic Challenges
November 8, 2023 | bizjournals.com
Office Depot parent reports lower sales; dozen of stores closed in last year
November 8, 2023 | markets.businessinsider.com
Office Depot Parent ODP Cuts FY23 Revenue Guidance Amid Challenging Macro Environment: Here's Details
November 8, 2023 | seekingalpha.com
The ODP Corporation 2023 Q3 - Results - Earnings Call Presentation
November 8, 2023 | markets.businessinsider.com
The ODP Corporation Q3 Profit Increases, beats estimates
November 8, 2023 | businesswire.com
$1.88
November 8, 2023 | markets.businessinsider.com
ODP Lifts FY23 Earnings View, Cuts Revenue Forecast; Stock Up In Premarket - Update
November 8, 2023 | msn.com
The ODP Corporation reports mixed Q3 earnings; updates FY23 outlook
November 8, 2023 | finance.yahoo.com
The ODP Corporation Announces Third Quarter 2023 Results
November 7, 2023 | msn.com
The ODP Corporation Q3 2023 Earnings Preview
November 4, 2023 | msn.com
ODP Corporation: Uphill Battle For Any Meaningful Long-Term Gains
November 2, 2023 | msn.com
Maize South’s Vitor Geromel nears Kansas record heading into the state championship
November 1, 2023 | msn.com
Miami’s Downtown Slated to Get 41-Story Tower With Offices, Condos
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/06/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Sector
Retail/Wholesale
Current Symbol
NASDAQ:ODP
CUSIP
67622010
CIK
800240
Web
www.officedepot.com
Phone
(561) 438-4800
Fax
800-685-5010
Employees
25,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$62.00
High Stock Price Target
$65.00
Low Stock Price Target
$56.00
Potential Upside/Downside
+34.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.73
Trailing P/E Ratio
9.77
Forward P/E Ratio
8.51
P/E Growth
0.6
Net Income
$166 million
Net Margins
2.37%
Pretax Margin
3.49%
Return on Equity
19.11%
Return on Assets
5.63%

Debt

Debt-to-Equity Ratio
0.14
Current Ratio
1.00
Quick Ratio
0.55

Sales & Book Value

Annual Sales
$8.49 billion
Price / Sales
0.20
Cash Flow
$7.65 per share
Price / Cash Flow
6.04
Book Value
$28.09 per share
Price / Book
1.65

Miscellaneous

Outstanding Shares
37,380,000
Free Float
36,219,000
Market Cap
$1.73 billion
Optionable
Optionable
Beta
1.65

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Key Executives

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions














ODP Stock Analysis - Frequently Asked Questions

Should I buy or sell ODP stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ODP shares.
View ODP analyst ratings or view top-rated stocks.

What is ODP's stock price target for 2024?

3 Wall Street research analysts have issued 12 month target prices for ODP's stock. Their ODP share price targets range from $56.00 to $65.00. On average, they predict the company's share price to reach $62.00 in the next year. This suggests a possible upside of 34.2% from the stock's current price.
View analysts price targets for ODP or view top-rated stocks among Wall Street analysts.

How have ODP shares performed in 2023?

ODP's stock was trading at $45.54 at the beginning of 2023. Since then, ODP shares have increased by 1.5% and is now trading at $46.21.
View the best growth stocks for 2023 here.

When is ODP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our ODP earnings forecast.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, November, 8th. The specialty retailer reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.28. The specialty retailer earned $2.01 billion during the quarter, compared to analyst estimates of $2.04 billion. ODP had a net margin of 2.37% and a trailing twelve-month return on equity of 19.11%. The firm's revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share.

What ETFs hold ODP's stock?

ETFs with the largest weight of ODP (NASDAQ:ODP) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Roundhill Acquirers Deep Value ETF (DEEP), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Direxion Daily Retail Bull 3X Shares (RETL), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

When did ODP's stock split?

ODP's stock reverse split on Wednesday, July 1st 2020. The 1-10 reverse split was announced on Friday, June 26th 2020. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What guidance has ODP issued on next quarter's earnings?

ODP issued an update on its FY23 earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of $5.30-5.60 for the period, compared to the consensus EPS estimate of $5.14. The company issued revenue guidance of $7.8-7.9 billion, compared to the consensus revenue estimate of $8.00 billion.

What is Gerry Smith's approval rating as ODP's CEO?

720 employees have rated ODP Chief Executive Officer Gerry Smith on Glassdoor.com. Gerry Smith has an approval rating of 37% among the company's employees. This puts Gerry Smith in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ODP own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ODP investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Verizon Communications (VZ), Walt Disney (DIS) and Micron Technology (MU).

Who are ODP's major shareholders?

ODP's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.90%), Northern Trust Corp (1.54%), American Century Companies Inc. (1.40%), Invesco Ltd. (1.30%), JPMorgan Chase & Co. (1.22%) and Morgan Stanley (1.21%). Insiders that own company stock include Diego Anthony Scaglione, Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr, Stephen M Mohan and Zoe Maloney.
View institutional ownership trends.

How do I buy shares of ODP?

Shares of ODP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does ODP have any subsidiaries?
The following companies are subsidiares of ODP: 2300 South Congress LLC, 4Sure.com Inc., 6600 North Holdings LLC, 6600 North Owner LLC, Admiral Express LLC, Allied Building Products, Americas Office Source Inc., AsiaEC.com, AsiaEC.com Limited, Bertelson Brothers Inc., Best Office Co, BuyerQuest Holdings Inc, COS Business Products & Interiors Inc., Chicago Regency LLC, Clearfield Insurance Limited, Complete Office LLC, Complete Office Solutions, Complete Office of California Inc., Complete Office of Wisconsin Inc., CompuCom, Computers4Sure, Computers4Sure.com Inc., Discount Office Items Inc., Garvey’s Office Products Inc., Grand & Toy Limited, Guilbert Express SA, Guilbert UK Pension Trustees Ltd, HC Land Company LLC, Japan Office Supplies LLC, Lincoln Merger Sub Two LLC, Mapleby Holdings Merger Corporation, Midway Office Supply LLC, Neighborhood Retail Development Fund LLC, North American Card and Coupon Services LLC, Notus Aviation Inc., OD Brazil Holdings LLC, OD France L.L.C., OD International Inc., OD Medical Solutions LLC, ODP Business Solutions Holdings LLC, ODP Business Solutions LLC, ODP International LLC, ODP Investment LLC, ODV France LLC, OM Luxembourg Holdings S.à r.l., OMX Inc., OMX Timber Finance Holdings I LLC, OMX Timber Finance Holdings II LLC, Office Depot Asia Holding Limited, Office Depot Foreign Holdings GP LLC, Office Depot Foreign Holdings LP LLC, Office Depot Global Sourcing Ltd, Office Depot LLC, Office Depot Merchandising (Shenzhen) Co. Ltd., Office Depot N.A. Shared Services LLC, Office Depot Overseas Holding Limited, Office Depot Pension Finance LLC, Office Depot Puerto Rico LLC, Office Depot UK Pension Sponsor Limited, Office Essentials Inc., Office Max, OfficeMax Incorporated, OfficeMax Nevada Company, OfficeMax North America Inc., OfficeMax Southern Company, POP Pinnacle Office Products LLC, Papirius, Perimeter Office Products Inc., Picabo Holdings Inc., Premium Inc., Regency Franchise Group LLC, Regency Office Products LLC, Regency Office Products of Missouri LLC, Reliable Express Corporation, SOS Investments LLC, Sandia Office Supply Inc., Solutions4Sure.com, Solutions4Sure.com Inc., Swinton Avenue Trading Limited Inc., The Office Club Inc., Trio Supply Company, Varis Holdings LLC, Varis LLC, Veyer LLC, Veyer Logistics LLC, Viking Direct (Ireland) Ltd, Viking Office Products Inc., Wahkiakum Gas Corporation, ZerBee LLC, and eDepot LLC.
Read More
This page (NASDAQ:ODP) was last updated on 12/5/2023 by MarketBeat.com Staff

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