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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NASDAQ:ODP

ODP (ODP) Stock Price, News & Analysis

$53.67
-0.74 (-1.36%)
(As of 03/4/2024 ET)
Today's Range
$53.12
$55.50
50-Day Range
$50.12
$58.55
52-Week Range
$39.36
$58.98
Volume
530,912 shs
Average Volume
281,498 shs
Market Capitalization
$1.97 billion
P/E Ratio
15.88
Dividend Yield
N/A
Price Target
$62.00

ODP MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
15.5% Upside
$62.00 Price Target
Short Interest
Bearish
16.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.56mentions of ODP in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$1.47 M Sold Last Quarter
Proj. Earnings Growth
29.43%
From $5.64 to $7.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Retail/Wholesale Sector

28th out of 208 stocks

Miscellaneous Shopping Goods Stores Industry

1st out of 8 stocks


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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Noble Financial Keeps Their Buy Rating on ODP (ODP)
Here's what Wall Street expects from The ODP's earnings report
Stock Buyback Program Initiated by ODP (NASDAQ:ODP) Board
Q4 2023 ODP Corp Earnings Call
ODP Mar 2024 45.000 put
ODP Mar 2024 50.000 call
ODP Mar 2024 30.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/04/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Current Symbol
NASDAQ:ODP
CUSIP
67622010
Employees
20,000
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
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$139 million
Pretax Margin
2.55%

Debt

Sales & Book Value

Annual Sales
$7.83 billion
Cash Flow
$8.97 per share
Book Value
$29.46 per share

Miscellaneous

Free Float
35,493,000
Market Cap
$1.97 billion
Optionable
Optionable
Beta
1.63

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Key Executives















ODP Stock Analysis - Frequently Asked Questions

Should I buy or sell ODP stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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 equities research analysts have issued 1-year target prices for ODP's shares. Their ODP share price targets range from $56.00 to $65.00. On average, they expect the company's share price to reach $62.00 in the next twelve months. This suggests a possible upside of 15.5% 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 2024?

ODP's stock was trading at $56.30 at the start of the year. Since then, ODP stock has decreased by 4.7% and is now trading at $53.67.
View the best growth stocks for 2024 here
.

When is ODP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our ODP earnings forecast
.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) posted its earnings results on Wednesday, February, 28th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.16. The specialty retailer had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. ODP had a net margin of 1.77% and a trailing twelve-month return on equity of 19.45%. The company's revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS.

When did ODP's stock split?

ODP's stock reverse split before market open 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.

How will ODP's stock buyback program work?

ODP declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 28th 2024, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 48.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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

ODP updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 5.600-5.800 for the period, compared to the consensus EPS estimate of 5.700. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.7 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.61%), Dimensional Fund Advisors LP (8.44%), LSV Asset Management (4.86%), Greenlight Capital Inc. (4.68%), Pacer Advisors Inc. (3.96%) and Hotchkis & Wiley Capital Management LLC (3.23%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
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This page (NASDAQ:ODP) was last updated on 3/5/2024 by MarketBeat.com Staff