NASDAQ:ODP

ODP (ODP) Stock Forecast, Price & News

$45.16

-0.39 (-0.86%)

(As of 09/27/2023 ET)

Compare

Today's Range: $45.11
▼
$46.33
50-Day Range: $45.16
▼
$51.00
52-Week Range: $34.95
▼
$53.59

Volume: 231,755 shs
Average Volume: 325,327 shs
Market Capitalization: $1.72 billion

P/E Ratio: 10.53
Dividend Yield: N/A
Price Target: $65.00

ODP MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 43.9% Upside
$65.00 Price Target
Short Interest: Bearish
16.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.49
Upright™ Environmental Score
News Sentiment: 0.49
Based on 13 Articles This Week
Insider Trading: Selling Shares
$4.25 M Sold Last Quarter
Proj. Earnings Growth: 9.81%
From $5.20 to $5.71 Per Share

Overall MarketRank^™

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

2.50 out of 5 stars

Retail/Wholesale Sector

80th out of 207 stocks

Miscellaneous Shopping Goods Stores Industry

4th out of 9 stocks

3.5

Analyst's Opinion

Consensus Rating
ODP has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $65.00, ODP has a forecasted upside of 43.9% from its current price of $45.16.
Amount of Analyst Coverage
ODP has only been the subject of 2 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
16.26% of the float of ODP has been sold short.
Short Interest Ratio / Days to Cover
ODP has a short interest ratio ("days to cover") of 17.4, which indicates bearish sentiment.
Change versus previous month
Short interest in ODP has recently increased by 3.65%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
ODP does not currently pay a dividend.
Dividend Growth
ODP does not have a long track record of dividend growth.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ODP has received a 15.12% net impact score from Upright. Office Depot seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Payroll services", "Bookkeeping services", and "Physical retail of packaging materials at an office supplies store" products. See details.
Environmental Sustainability
The Environmental Impact score for ODP is -1.49.

1.9

News and Social Media Coverage

News Sentiment
ODP has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for ODP this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 2 people have added ODP to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ODP insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,251,288.00 in company stock.
Percentage Held by Insiders
Only 3.10% of the stock of ODP is held by insiders.
Percentage Held by Institutions
99.56% of the stock of ODP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for ODP are expected to grow by 9.81% in the coming year, from $5.20 to $5.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ODP is 10.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of ODP is 10.53, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 24.67.
Price to Earnings Growth Ratio
ODP has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ODP has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ODP (NASDAQ:ODP) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

ODP Stock News Headlines

September 23, 2023 | americanbankingnews.com

Equities Analysts Offer Predictions for The ODP Co.'s Q4 2023 Earnings (NASDAQ:ODP)

September 23, 2023 | americanbankingnews.com

Analyzing ODP (NASDAQ:ODP) and JB Hi-Fi (OTCMKTS:JBHIF)

September 28, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.

September 22, 2023 | americanbankingnews.com

Q3 2023 Earnings Forecast for The ODP Co. Issued By B. Riley (NASDAQ:ODP)

September 19, 2023 | msn.com

ODP Corp announces temporary medical leave of absence for CEO Gerry Smith

September 19, 2023 | finance.yahoo.com

ODP Corp. (ODP) is a Top-Ranked Value Stock: Should You Buy?

September 18, 2023 | finance.yahoo.com

The ODP Corporation to Participate in the Sidoti Small Cap Virtual Conference Wednesday, September 20th, 2023

September 18, 2023 | bizjournals.com

Office Depot parent company appoints temporary CEO

September 28, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

September 18, 2023 | marketwatch.com

ODP Chief Executive Smith Takes Medical Leave >ODP

September 12, 2023 | businesswire.com

The ODP Corporation to Participate in the B. Riley Securities Consumer Conference Thursday, September 14 th, 2023

September 12, 2023 | finance.yahoo.com

The ODP Corporation to Participate in the B. Riley Securities Consumer Conference Thursday, September 14th, 2023

August 29, 2023 | msn.com

ODP Corporation: Macro Headwinds Intensify, Downgrade To Neutral

August 23, 2023 | msn.com

Noble Capital Markets Initiates Coverage of ODP Corporation (ODP) with Outperform Recommendation

August 23, 2023 | finance.yahoo.com

ODP Business Solutions Releases 2023 Diverse Supplier Catalog

August 14, 2023 | markets.businessinsider.com

Fort Lauderdale Selected as Host Site for Artificial Intelligence Bootcamp – APPLICATIONS CLOSING SOON!

August 14, 2023 | finance.yahoo.com

Are Investors Undervaluing The ODP Corporation (NASDAQ:ODP) By 50%?

August 14, 2023 | msn.com

Del Mar Elementary School selected to receive massive back-to-school funds from Office Depot

August 11, 2023 | markets.businessinsider.com

ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

August 11, 2023 | msn.com

Forest Hills Elementary students gifted backpacks and supplies from Office Depot

August 11, 2023 | finance.yahoo.com

The ODP Corporation (NASDAQ:ODP) Q2 2023 Earnings Call Transcript

August 11, 2023 | markets.businessinsider.com

The ODP Corporation Q2 Profit Increases, beats estimates

August 10, 2023 | finance.yahoo.com

Q2 2023 ODP Corp Earnings Call

August 9, 2023 | msn.com

Office Depot Parent ODP Corp.'s Q2 Earnings Beats Expectations Despite Sales Decline, Raises Annual Outlook

August 9, 2023 | marketwatch.com

ODP Guides for Lower Sales, Higher Adjusted EPS

August 9, 2023 | msn.com

The ODP Corporation reports mixed Q2 earnings; updates FY23 outlook

August 9, 2023 | seekingalpha.com

The ODP Corporation 2023 Q2 - Results - Earnings Call Presentation

See More Headlines

Receive ODP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ODP and its competitors with MarketBeat's FREE daily newsletter.

ODP Company Calendar

Last Earnings: 8/09/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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 Forecast: $65.00
High Stock Price Forecast: $65.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +43.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.29
Trailing P/E Ratio: 10.53
Forward P/E Ratio: 8.68
P/E Growth: 0.63
Net Income: $166 million
Net Margins: 2.29%
Pretax Margin: 3.39%
Return on Equity: 17.82%
Return on Assets: 5.48%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 0.98
Quick Ratio: 0.51

Sales & Book Value

Annual Sales: $8.49 billion
Price / Sales: 0.20
Cash Flow: $7.45 per share
Price / Cash Flow: 6.06
Book Value: $28.09 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 38,050,000
Free Float: 36,869,000
Market Cap: $1.72 billion
Optionable: Optionable
Beta: 1.78

Social Links

7 Energy Stocks to Buy and Hold Forever

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

Mr. Gerry P. Smith (Age 60)
CEO & Director (Leave of Absence)
Comp: $3.02M

Mr. Diego Anthony Scaglione (Age 51)
Exec. VP & CFO
Comp: $1.59M

Ms. Sarah E. Hlavinka (Age 58)
Exec. VP, Chief Legal & Admin. Officer and Corp. Sec.
Comp: $1.13M

Mr. John W. Gannfors (Age 57)
Exec. VP & Pres of Veyer
Comp: $1.25M

Mr. Max W. Hood (Age 44)
Sr. VP, Chief Accounting Officer & Controller

Mr. Timothy J. Perrott
VP of Investor Relations

Ms. Zoe Maloney (Age 50)
Exec. VP & Chief HR Officer

Mr. Kevin Moffitt (Age 49)
Exec. VP & Pres of Office Depot

Mr. David Centrella (Age 52)
Exec. VP & Pres of Bus. Solutions Division

Mr. Prentis D. Wilson
Pres of Varis

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ODP Stock - Frequently Asked Questions

Should I buy or sell ODP stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ODP shares.
View ODP analyst ratings or view top-rated stocks.
What is ODP's stock price forecast for 2023?: 2 Wall Street research analysts have issued 12 month price objectives for ODP's shares. Their ODP share price forecasts range from $65.00 to $65.00. On average, they predict the company's share price to reach $65.00 in the next year. This suggests a possible upside of 43.9% 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 start of the year. Since then, ODP shares have decreased by 0.8% and is now trading at $45.16.
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, November 1st 2023.
View our ODP earnings forecast.
How were ODP's earnings last quarter?: The ODP Co. (NASDAQ:ODP) released its quarterly earnings data on Wednesday, August, 9th. The specialty retailer reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.22. The specialty retailer earned $1.91 billion during the quarter, compared to analyst estimates of $1.98 billion. ODP had a trailing twelve-month return on equity of 17.82% and a net margin of 2.29%. ODP's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS.
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 closing bell 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 updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $5.00-$5.30 for the period, compared to the consensus estimate of $4.96. The company issued revenue guidance of $8.00 billion-$8.00 billion, compared to the consensus revenue estimate of $8.20 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).
What is ODP's stock symbol?: ODP trades on the NASDAQ under the ticker symbol "ODP."
Who are ODP's major shareholders?: ODP's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.35%), Dimensional Fund Advisors LP (8.49%), LSV Asset Management (4.95%), State Street Corp (4.03%), Goldman Sachs Group Inc. (2.90%) and Hotchkis & Wiley Capital Management LLC (2.24%). 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.
What is ODP's stock price today?: One share of ODP stock can currently be purchased for approximately $45.16.
How much money does ODP make?: ODP (NASDAQ:ODP) has a market capitalization of $1.72 billion and generates $8.49 billion in revenue each year. The specialty retailer earns $166 million in net income (profit) each year or $4.29 on an earnings per share basis.
How many employees does ODP have?: The company employs 25,000 workers across the globe.
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
How can I contact ODP?: ODP's mailing address is 6600 NORTH MILITARY TRAIL, BOCA RATON FL, 33496. The official website for the company is www.officedepot.com. The specialty retailer can be reached via phone at (561) 438-4800, via email at investor.relations@officedepot.com, or via fax at 800-685-5010.

This page (NASDAQ:ODP) was last updated on 9/28/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial