NASDAQ:ODPOffice Depot Stock Price, Forecast & News

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 stock has increased by 2.0% and is now trading at $19.7850. View which stocks have been most impacted by Coronavirus.

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.

Office Depot is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Office Depot.

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings results on Wednesday, May, 6th. The specialty retailer reported $1.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.50. The specialty retailer had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.68 billion. Office Depot had a net margin of 1.28% and a return on equity of 11.98%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. View Office Depot's earnings history.

Office Depot declared a quarterly dividend on Tuesday, February 4th. Investors of record on Monday, March 2nd will be paid a dividend of $0.25 per share on Friday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, February 28th. This is an increase from Office Depot's previous quarterly dividend of $0.03. View Office Depot's dividend history.

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

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

2 brokers have issued 12 month price targets for Office Depot's stock. Their forecasts range from $12.00 to $12.00. On average, they expect Office Depot's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 39.3%. View analysts' price targets for Office Depot.

Press coverage about ODP stock has trended somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Office Depot earned a coverage optimism score of 1.8 on InfoTrie's scale. They also gave media coverage about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Office Depot.

Office Depot saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 39,710,000 shares, an increase of 5.2% from the June 15th total of 37,760,000 shares. Based on an average daily trading volume, of 7,340,000 shares, the short-interest ratio is currently 5.4 days. Approximately 7.7% of the shares of the company are short sold. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Tractor Supply (TSCO), Tiffany & Co. (TIF), Ulta Beauty (ULTA), Five Below (FIVE), Dicks Sporting Goods (DKS), Sally Beauty (SBH), Winmark (WINA), Signet Jewelers (SIG), MarineMax (HZO), Barnes & Noble (BKS), Hibbett Sports (HIBB), Big 5 Sporting Goods (BGFV) and GNC (GNC). View all competitors.

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), Tengasco (TGC), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Walt Disney (DIS), Linn Energy (LINEQ) and Micron Technology (MU).

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

Office Depot's stock is owned by many different retail and institutional investors. Top institutional investors include Louisiana State Employees Retirement System (0.27%) and Diversified Trust Co (0.08%). View institutional ownership trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. View insider buying and selling activity for Office Depot.

ODP stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co. View insider buying and selling activity 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 $19.79.

Office Depot has a market capitalization of $1.04 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.

The official website for Office Depot is 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]