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 Wednesday, November 7th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.025 per share on Friday, December 14th. This represents a $0.10 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Wednesday, November 21st. View Office Depot's Dividend History.

Office Depot announced that its board has approved a stock repurchase plan 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 plans are usually an indication that the company's management believes its shares are undervalued.

Office Depot Inc (NASDAQ:ODP) released its quarterly earnings results on Wednesday, November, 7th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The specialty retailer had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Office Depot had a return on equity of 8.90% and a net margin of 0.59%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Office Depot.

Office Depot issued an update on its FY 2019 earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $10.79 billion.Office Depot also updated its FY 2018 guidance to EPS.

4 equities research analysts have issued 12 month price targets for Office Depot's stock. Their forecasts range from $4.00 to $5.00. On average, they expect Office Depot's share price to reach $4.50 in the next year. This suggests a possible upside of 63.6% from the stock's current price. View Analyst Price Targets for Office Depot.

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

News headlines about ODP stock have been trending somewhat negative on Friday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Office Depot earned a daily sentiment score of -1.1 on InfoTrie's scale. They also gave news articles about the specialty retailer a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near term.

Office Depot saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 18,801,310 shares, a decline of 18.6% from the October 31st total of 23,093,498 shares. Based on an average trading volume of 6,988,371 shares, the short-interest ratio is presently 2.7 days. Currently, 3.5% of the company's 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), Barnes & Noble Education (BNED), Sportsman's Warehouse (SPWH) and Big 5 Sporting Goods (BGFV).

Office Depot's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.28%), Vanguard Group Inc (10.21%), Vanguard Group Inc. (10.21%), Dimensional Fund Advisors LP (8.50%), Fairpointe Capital LLC (5.15%) and LSV Asset Management (2.89%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Juliet Johansson, 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 Fairpointe Capital LLC, AQR Capital Management LLC, Hsbc Holdings PLC, Prudential Financial Inc., ClariVest Asset Management LLC, Nordea Investment Management AB, Creative Planning and GSA Capital Partners LLP. View Insider Buying and Selling for Office Depot.

ODP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Marshall Wace LLP, Dimensional Fund Advisors LP, Laurion Capital Management LP, Mackenzie Financial Corp, LSV Asset Management, Morgan Stanley and Vanguard Group Inc. 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 $2.75.

Office Depot has a market capitalization of $1.61 billion and generates $10.24 billion in revenue each year. The specialty retailer earns $181 million in net income (profit) each year or $0.45 on an earnings per share basis. Office Depot employs 45,000 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]