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

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

Office Depot declared a quarterly dividend on Tuesday, February 5th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.025 per share on Friday, March 15th. This represents a $0.10 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, February 28th. View Office Depot's Dividend History.

Office Depot announced that its board has initiated a stock repurchase program 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 purchase up to 6.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Office Depot Inc (NASDAQ:ODP) posted its earnings results on Tuesday, August, 7th. The specialty retailer reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The specialty retailer earned $2.63 billion during the quarter, compared to analysts' expectations of $2.61 billion. Office Depot had a net margin of 0.59% and a return on equity of 8.90%. During the same quarter last year, the firm posted $0.06 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 will be holding an earnings conference call on Wednesday, February 27th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

4 analysts have issued 12 month target prices for Office Depot's shares. Their forecasts range from $4.00 to $5.00. On average, they anticipate Office Depot's stock price to reach $4.50 in the next year. This suggests a possible upside of 34.3% 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 articles about ODP stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Office Depot earned a coverage optimism score of 1.7 on InfoTrie's scale. They also assigned news stories about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Some companies that are related to Office Depot include Dicks Sporting Goods (DKS), Barnes & Noble (BKS), Barnes & Noble Education (BNED), Hibbett Sports (HIBB), Sportsman's Warehouse (SPWH) 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), Advanced Micro Devices (AMD), Staples (SPLS) and Twitter (TWTR).

Office Depot's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 Bank of New York Mellon Corp (1.86%). 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 acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, WINTON GROUP Ltd, Gotham Asset Management LLC, Acadian Asset Management LLC, Millennium Management LLC, BlackRock Inc., Bank of America Corp DE and Susquehanna Fundamental Investments LLC. 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 $3.35.

Office Depot has a market capitalization of $1.83 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]