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

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

Office Depot announced a quarterly dividend on Wednesday, November 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.025 per share on Friday, December 13th. This represents a $0.10 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, November 21st. View Office Depot's Dividend History.

Office Depot announced that its Board of Directors has initiated a share repurchase plan on Tuesday, November 20th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Office Depot Inc (NASDAQ:ODP) issued its earnings results on Wednesday, November, 6th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The specialty retailer had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.84 billion. Office Depot had a return on equity of 10.05% and a net margin of 0.28%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Office Depot.

1 brokers have issued 12 month price targets for Office Depot's shares. Their forecasts range from $1.20 to $1.20. On average, they expect Office Depot's share price to reach $1.20 in the next twelve months. This suggests that the stock has a possible downside of 52.2%. View Analyst Price Targets for Office Depot.

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

News coverage about ODP stock has been trending negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. 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 -2.2 on InfoTrie's scale. They also gave news coverage about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Office Depot.

Office Depot saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 18,400,000 shares, a drop of 14.3% from the December 15th total of 21,480,000 shares. Based on an average daily volume of 6,650,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.4% of the shares of the company are sold short. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Tiffany & Co. (TIF), Ulta Beauty (ULTA), Tractor Supply (TSCO), Five Below (FIVE), Dicks Sporting Goods (DKS), Sally Beauty (SBH), Signet Jewelers (SIG), Winmark (WINA), Barnes & Noble (BKS), Hibbett Sports (HIBB), MarineMax (HZO), GNC (GNC), Vitamin Shoppe (VSI) 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), Tengasco (TGC), Warren Resources (WRESQ), Ford Motor (F), AT&T (T), Intel (INTC), General Electric (GE), Linn Energy (LINEQ), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Office Depot's stock is owned by a number of of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%), Investors Asset Management of Georgia Inc. GA ADV (0.07%), CLARET ASSET MANAGEMENT Corp (0.04%), Louisiana State Employees Retirement System (0.03%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. View Institutional Ownership Trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including CLARET ASSET MANAGEMENT Corp, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for Office Depot.

ODP stock was purchased by a variety of institutional investors in the last quarter, including Investors Asset Management of Georgia Inc. GA ADV and Zurcher Kantonalbank Zurich Cantonalbank . 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, Robinhood, Fidelity and Charles Schwab.

One share of ODP stock can currently be purchased for approximately $2.51.

Office Depot has a market capitalization of $1.37 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.View Additional Information About Office Depot.

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]