NASDAQ:ODPOffice Depot Stock Price, Forecast & News

Office Depot's stock was trading at $1.94 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ODP stock has increased by 27.3% and is now trading at $2.47. 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 $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The specialty retailer earned $2.73 billion during the quarter, compared to analysts' expectations of $2.68 billion. Office Depot had a return on equity of 11.98% and a net margin of 1.28%. Office Depot's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. View Office Depot's earnings history.

Office Depot declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.025 per share on Friday, March 13th. This represents a $0.10 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, February 28th. 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 authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

2 equities research analysts have issued 12 month price targets for Office Depot's stock. Their forecasts range from $1.20 to $1.20. On average, they anticipate Office Depot's share price to reach $1.20 in the next twelve months. This suggests that the stock has a possible downside of 51.4%. View analysts' price targets for Office Depot.

News stories about ODP stock have trended negative on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative 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 media sentiment score of -2.6 on InfoTrie's scale. They also assigned headlines about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutOffice Depot.

Office Depot saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 33,970,000 shares, an increase of 19.0% from the April 15th total of 28,540,000 shares. Based on an average trading volume of 6,697,900 shares, the short-interest ratio is currently 5.1 days. Approximately 6.6% 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 Tiffany & Co. (TIF), Tractor Supply (TSCO), Ulta Beauty (ULTA), Five Below (FIVE), Dicks Sporting Goods (DKS), Sally Beauty (SBH), Signet Jewelers (SIG), Winmark (WINA), Barnes & Noble (BKS), MarineMax (HZO), Hibbett Sports (HIBB), GNC (GNC) and Big 5 Sporting Goods (BGFV). 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.72%), Canyon Capital Advisors LLC (5.28%), State Street Corp (3.91%), Bank of New York Mellon Corp (2.03%), Geode Capital Management LLC (1.63%) and JPMorgan Chase & Co. (1.48%). View institutional ownership trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., AQR Capital Management LLC, Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, JPMorgan Chase & Co., Mackay Shields LLC, and Acadian Asset Management LLC. View insider buying and selling activity for Office Depot.

ODP stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Tarsadia Capital LLC, Canyon Capital Advisors LLC, State Street Corp, Deutsche Bank AG, Russell Investments Group Ltd., Balyasny Asset Management LLC, and Parametric Portfolio Associates LLC. 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 $2.47.

Office Depot has a market capitalization of $1.30 billion and generates $10.65 billion in revenue each year. The specialty retailer earns $99 million in net income (profit) each year or $0.41 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]