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NASDAQ:ODPOffice Depot Stock Price, Forecast & News

$19.45
+0.16 (+0.83 %)
(As of 08/13/2020 04:00 PM ET)
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Compare
Today's Range
$19.27
Now: $19.45
$19.79
50-Day Range
$18.66
MA: $21.68
$24.50
52-Week Range
$12.30
Now: $19.45
$29.90
Volume514,200 shs
Average Volume744,299 shs
Market Capitalization$1.02 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.25
Office Depot, Inc. provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The Retail division operates a chain of retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of April 4, 2019, this division operated 1,350 office supply stores. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing support, managed IT services, data center monitoring and management, service desk, network infrastructure, IT workforce solutions, mobile device management, and cloud services. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.
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Office Depot logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.08 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous shopping goods stores
Sub-IndustrySpecialty Stores
Current SymbolNASDAQ:ODP
CUSIP67622010
Phone561-438-4800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.65 billion
Cash Flow$8.24 per share
Book Value$39.76 per share

Profitability

Net Income$99 million

Miscellaneous

Employees40,000
Market Cap$1.02 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$19.45
+0.16 (+0.83 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Office Depot (NASDAQ:ODP) Frequently Asked Questions

How has Office Depot's stock price been impacted by Coronavirus?

Office Depot's stock was trading at $19.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ODP shares have increased by 0.3% and is now trading at $19.45.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Office Depot?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Office Depot
.

When is Office Depot's next earnings date?

Office Depot is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Office Depot
.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) announced its earnings results on Wednesday, August, 5th. The specialty retailer reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.15. The specialty retailer earned $2.16 billion during the quarter, compared to analysts' expectations of $2.12 billion. Office Depot had a negative net margin of 2.74% and a positive return on equity of 10.50%. The business's revenue was down 15.6% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS.
View Office Depot's earnings history
.

How often does Office Depot pay dividends? What is the dividend yield for Office Depot?

Office Depot declared a quarterly dividend on Tuesday, February 4th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.25 per share on Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Friday, February 28th. This is a boost from Office Depot's previous quarterly dividend of $0.03.
View Office Depot's dividend history
.

When did Office Depot's stock split? How did Office Depot's stock split work?

Office Depot'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 Office Depot stock prior to the reverse split would have 10 shares after the split.

How will Office Depot's stock buyback program work?

Office Depot announced that its board has authorized a stock buyback program on Tuesday, November 20th 2018, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

What price target have analysts set for ODP?

2 equities research analysts have issued 12 month price targets for Office Depot's shares. Their forecasts range from $12.00 to $12.00. On average, they anticipate Office Depot's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 38.3%.
View analysts' price targets for Office Depot
.

Has Office Depot been receiving favorable news coverage?

News articles about ODP stock have trended extremely negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Office Depot earned a coverage optimism score of -4.1 on InfoTrie's scale. They also gave news stories about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Office Depot
.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 21,110,000 shares, an increase of 14.7% from the December 31st total of 18,400,000 shares. Based on an average trading volume of 6,370,000 shares, the short-interest ratio is currently 3.3 days. Currently, 3.9% of the shares of the stock are short sold.
View Office Depot's Short Interest
.

Who are some of Office Depot's key competitors?

What other stocks do shareholders of Office Depot own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Office Depot investors own include Bank of America (BAC), Ford Motor (F), AT&T (T), General Electric (GE), Intel (INTC), Tengasco (TGC), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Warren Resources (WRESQ) and Verizon Communications (VZ).

Who are Office Depot's key executives?

Office Depot's management team includes the following people:
  • Mr. Gerry P. Smith, CEO & Director (Age 56)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 52)
  • Mr. N. David Bleisch, Exec. VP, Chief Legal & Admin. Officer and Corp. Sec. (Age 60)
  • Ms. Jerri L. DeVard, Exec. VP & Chief Customer Officer (Age 61)
  • Mr. Scott A. Kriss, Sr. VP & Chief Accounting Officer (Age 51)

What is Office Depot's stock symbol?

Office Depot trades on the NASDAQ under the ticker symbol "ODP."

Who are Office Depot's major shareholders?

Office Depot's stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (46.26%), Bank of New York Mellon Corp (13.85%), Principal Financial Group Inc. (7.85%), Grantham Mayo Van Otterloo & Co. LLC (6.25%), UBS Group AG (5.28%) and AJO LP (4.97%).
View institutional ownership trends for Office Depot
.

Which institutional investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of New York Mellon Corp, LSV Asset Management, SG Americas Securities LLC, Prudential Financial Inc., Principal Financial Group Inc., Janney Montgomery Scott LLC, and Vident Investment Advisory LLC.
View insider buying and selling activity for Office Depot
.

Which institutional investors are buying Office Depot stock?

ODP stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Marshall Wace North America L.P., Grantham Mayo Van Otterloo & Co. LLC, AJO LP, Marshall Wace LLP, Robeco Institutional Asset Management B.V., Russell Investments Group Ltd., and Jennison Associates LLC.
View insider buying and selling activity for Office Depot
.

How do I buy shares of Office Depot?

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

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $19.45.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.02 billion and generates $10.65 billion in revenue each year. The specialty retailer earns $99 million in net income (profit) each year or $4.10 on an earnings per share basis. Office Depot employs 40,000 workers across the globe.

What is Office Depot's official website?

The official website for Office Depot is www.officedepot.com.

How can I contact Office Depot?

Office Depot's mailing address is 6600 NORTH MILITARY TRAIL, BOCA RATON FL, 33496. The specialty retailer can be reached via phone at 561-438-4800 or via email at [email protected].

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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