NASDAQ:ODP - Office Depot Stock Price, News, & Analysis

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

Office Depot announced a quarterly dividend on Tuesday, February 5th. Shareholders of record on Friday, March 1st will be given a dividend of $0.025 per share on Friday, March 15th. This represents a $0.10 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, February 28th. View Office Depot's Dividend History.

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

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, February, 27th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The specialty retailer earned $2.67 billion during the quarter, compared to the consensus estimate of $2.68 billion. Office Depot had a return on equity of 9.22% and a net margin of 0.94%. Office Depot's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for Office Depot.

Office Depot updated its FY 2019 earnings guidance on Wednesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $11.05 billion.

3 brokerages have issued 12 month price targets for Office Depot's stock. Their predictions range from $4.00 to $4.50. On average, they anticipate Office Depot's stock price to reach $4.25 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Office Depot.

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

Media stories about ODP stock have trended somewhat negative on Tuesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

Office Depot saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,408,705 shares, an increase of 13.7% from the February 15th total of 11,792,613 shares. Based on an average trading volume of 6,087,540 shares, the short-interest ratio is presently 2.2 days. Currently, 2.5% of the shares of the stock are sold short. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Dicks Sporting Goods (DKS), Barnes & Noble (BKS), Hibbett Sports (HIBB), Sportsman's Warehouse (SPWH), Barnes & Noble Education (BNED) and Big 5 Sporting Goods (BGFV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Office Depot investors own include Bank of America (BAC), Ford Motor (F), Intel (INTC), General Electric (GE), AT&T (T), Micron Technology (MU), Zynga (ZNGA), Staples (SPLS), Twitter (TWTR) and Sirius XM (SIRI).

Office Depot's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.62%), Dimensional Fund Advisors LP (8.54%), LSV Asset Management (4.11%), Towle & Co. (2.24%), Northern Trust Corp (2.11%) and Norges Bank (2.00%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch, Nigel Travis and Stephen R Calkins. View Institutional Ownership Trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Aristotle Fund L.P., James Investment Research Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Commonwealth Bank of Australia, Two Sigma Investments LP, Northern Trust Corp and Meeder Asset Management Inc.. View Insider Buying and Selling for Office Depot.

ODP stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, LSV Asset Management, WINTON GROUP Ltd, Gotham Asset Management LLC, Acadian Asset Management LLC, Millennium Management LLC, BlackRock Inc. and Bank of America Corp DE. Company insiders that have bought Office Depot stock in the last two years include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of ODP stock can currently be purchased for approximately $3.69.

Office Depot has a market capitalization of $2.00 billion and generates $11.02 billion in revenue each year. The specialty retailer earns $104 million in net income (profit) each year or $0.35 on an earnings per share basis. Office Depot employs 44,000 workers across the globe.

The official website for Office Depot is http://www.officedepot.com.

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]