NASDAQ:ODP - Office Depot Stock Price, Price Target & More

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$2.71 -0.04 (-1.45 %)
(As of 07/22/2018 10:28 AM ET)
Previous Close$2.71
Today's Range$2.6950 - $2.76
52-Week Range$2.00 - $6.26
Volume2.16 million shs
Average Volume5.77 million shs
Market Capitalization$1.51 billion
P/E Ratio7.53
Dividend Yield3.69%
Beta2.6
Office Depot logoOffice Depot, Inc., together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of December 31, 2017, this division operated 1,378 office supply stores. The Business Solutions division sells office supply products and services through sales forces, catalogs, and telesales, as well as through Internet sites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing (tablets, smartphones, laptops, and desktops), data center management, service desk, network infrastructure, and IT workforce solutions. This division serves its customers through IT service and sales representatives and telesales, as well as Internet sites. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Miscellaneous shopping goods stores
Sub-IndustrySpecialty Stores
SectorRetail/Wholesale
SymbolNASDAQ:ODP
CUSIP67622010
Phone561-438-4800

Debt

Debt-to-Equity Ratio0.78
Current Ratio1.39
Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio7.53
Forward P/E Ratio8.47
P/E Growth0.49

Sales & Book Value

Annual Sales$10.24 billion
Price / Sales0.15
Cash Flow$0.7765 per share
Price / Cash3.49
Book Value$4.11 per share
Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)$0.45
Net Income$181 million
Net Margins1.01%
Return on Equity9.60%
Return on Assets3.38%

Miscellaneous

Employees45,000
Outstanding Shares557,850,000
Market Cap$1,511.77

Office Depot (NASDAQ:ODP) Frequently Asked Questions

What is Office Depot's stock symbol?

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

How often does Office Depot pay dividends? What is the dividend yield for Office Depot?

Office Depot declared a quarterly dividend on Wednesday, May 9th. Investors of record on Friday, May 25th will be given a dividend of $0.025 per share on Friday, June 15th. This represents a $0.10 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 24th. View Office Depot's Dividend History.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) announced its quarterly earnings results on Wednesday, May, 9th. The specialty retailer reported $0.08 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.08. The specialty retailer earned $2.83 billion during the quarter, compared to the consensus estimate of $2.74 billion. Office Depot had a return on equity of 9.60% and a net margin of 1.01%. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. View Office Depot's Earnings History.

When is Office Depot's next earnings date?

Office Depot is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Office Depot.

What price target have analysts set for ODP?

5 equities research analysts have issued 1-year price objectives for Office Depot's stock. Their predictions range from $3.00 to $5.00. On average, they anticipate Office Depot's share price to reach $4.05 in the next twelve months. This suggests a possible upside of 49.4% from the stock's current price. View Analyst Ratings for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

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

What are Wall Street analysts saying about Office Depot stock?

Here are some recent quotes from research analysts about Office Depot stock:
  • 1. According to Zacks Investment Research, "Office Depot’s focus on business operating model, growth prospects and omni-channel capabilities have led the stock to gain and outpace the industry in the past three months. Strategic endeavors, including strengthening of core businesses and expansion of service and subscription offerings aided the top line that beat the consensus mark for the third time in a row and also grew year over year during first-quarter 2018. Although, bottom line continues to decline that did not deter management from providing an encouraging outlook for 2018. The company is trying all means to give itself a complete makeover in an environment where demand for office products (paper-based) has shrunk due to technological advancements. Dismal comparable sales run across Retail Division may be the testimony of the same. Nevertheless, management is focusing on marketing, advertising and other growth-related investments but at the cost of margins in the short run." (7/17/2018)
  • 2. Bank of America Corp analysts commented, "We believe the relatively new management team has a long way to go to prove itself, but the stock is inexpensive enough for there to be upside as the company continues moving in the right direction," (9/5/2017)

Are investors shorting Office Depot?

Office Depot saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 28,674,768 shares, an increase of 16.4% from the June 15th total of 24,627,553 shares. Based on an average daily trading volume, of 9,370,003 shares, the days-to-cover ratio is currently 3.1 days. Currently, 5.7% of the shares of the stock are short sold. View Office Depot's Current Options Chain.

Who are some of Office Depot's key competitors?

Who are Office Depot's key executives?

Office Depot's management team includes the folowing people:
  • Mr. Gerry P. Smith, CEO & Director (Age 55)
  • Mr. Brian Todd Hale, Exec. VP & Chief Information Officer (Age 45)
  • Mr. John W. Gannfors, Exec. VP of Transformation, Strategic Sourcing & Supply Chain (Age 52)
  • Mr. Stephen Robert Calkins, Pres of Bus. Solutions Division (Age 47)
  • Mr. Joseph T. Lower, Exec. VP & CFO (Age 51)

Has Office Depot been receiving favorable news coverage?

Press coverage about ODP stock has been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Office Depot earned a coverage optimism score of 0.07 on Accern's scale. They also gave news stories about the specialty retailer an impact score of 47.13 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are Office Depot's major shareholders?

Office Depot's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Creative Planning (0.11%), James Investment Research Inc. (0.06%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.03%) and Nisa Investment Advisors LLC (0.01%). 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.

Which major investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc.. Company insiders that have sold Office Depot company stock in the last year include Michael R Allison and Michael Rabinovitch. View Insider Buying and Selling for Office Depot.

Which major investors are buying Office Depot stock?

ODP stock was bought by a variety of institutional investors in the last quarter, including Creative Planning, State of Alaska Department of Revenue, Louisiana State Employees Retirement System and Nisa Investment Advisors 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.

How do I buy shares of 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.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $2.71.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.51 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.

How can I contact Office Depot?

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]


MarketBeat Community Rating for Office Depot (NASDAQ ODP)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  230 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  675
MarketBeat's community ratings are surveys of what our community members think about Office Depot and other stocks. Vote "Outperform" if you believe ODP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ODP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/22/2018 by MarketBeat.com Staff

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