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

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

Office Depot announced a quarterly dividend on Tuesday, February 4th. Investors 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 3.92%. The ex-dividend date is Friday, February 28th. View Office Depot's Dividend History.

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

Office Depot Inc (NASDAQ:ODP) released its quarterly earnings results on Wednesday, November, 6th. The specialty retailer reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The specialty retailer earned $2.78 billion during the quarter, compared to the consensus estimate of $2.84 billion. Office Depot had a return on equity of 10.05% and a net margin of 0.28%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Office Depot.

Office Depot will be holding an earnings conference call on Wednesday, February 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

1 Wall Street analysts have issued 1 year price targets for Office Depot's shares. 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 52.9%. View Analyst Price Targets for Office Depot.

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

Press coverage about ODP stock has trended very negative on Monday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned press coverage about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Office Depot.

Office Depot saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 21,110,000 shares, an increase of 14.7% from the January 15th total of 18,400,000 shares. Based on an average daily trading volume, of 6,370,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.9% of the shares of the stock are short sold. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Ulta Beauty (ULTA), Tiffany & Co. (TIF), Tractor Supply (TSCO), 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), Vitamin Shoppe (VSI) 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), Tengasco (TGC), Ford Motor (F), Warren Resources (WRESQ), AT&T (T), General Electric (GE), Intel (INTC), Linn Energy (LINEQ), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Office Depot's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Hotchkis & Wiley Capital Management LLC (8.57%), LSV Asset Management (4.82%), Canyon Capital Advisors LLC (4.75%), State Street Corp (3.49%), Bank of New York Mellon Corp (2.05%) and Geode Capital Management LLC (1.48%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. View Institutional Ownership Trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, Bank of America Corp DE, New York State Common Retirement Fund, Connor Clark & Lunn Investment Management Ltd., KBC Group NV, Acadian Asset Management LLC and Panagora Asset Management Inc.. View Insider Buying and Selling for Office Depot.

ODP stock was bought by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Vident Investment Advisory LLC, Great West Life Assurance Co. Can, Mackay Shields LLC, State Street Corp, Adirondack Research & Management Inc., Chicago Equity Partners LLC and Victory Capital Management 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, Robinhood, Fidelity and Charles Schwab.

One share of ODP stock can currently be purchased for approximately $2.55.

Office Depot has a market capitalization of $1.39 billion and generates $11.02 billion in revenue each year. The specialty retailer earns $104 million in net income (profit) each year or $0.35 on an earnings per share basis. Office Depot employs 44,000 workers across the globe.View Additional Information About Office Depot.

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]