ODP - ODP Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ODP in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ODP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODP, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 1-year target prices for ODP's shares. Their ODP share price forecasts range from $41.00 to $41.00. On average, they expect the company's stock price to reach $41.00 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
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ODP's stock was trading at $45.54 at the beginning of the year. Since then, ODP shares have decreased by 1.7% and is now trading at $44.75.
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ODP saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 5,210,000 shares, a drop of 17.8% from the February 13th total of 6,340,000 shares. Based on an average trading volume of 431,700 shares, the days-to-cover ratio is currently 12.1 days. Approximately 13.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ODP earnings forecast.

The ODP Co. (NASDAQ:ODP) released its quarterly earnings results on Wednesday, March, 1st. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The specialty retailer had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.14 billion. ODP had a trailing twelve-month return on equity of 14.92% and a net margin of 1.96%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS.

ETFs with the largest weight of ODP (NASDAQ:ODP) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Cambria Value and Momentum ETF (VAMO), SPDR S&P Retail ETF (XRT), Cambria Shareholder Yield ETF (SYLD), Direxion Daily Retail Bull 3X Shares (RETL), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

Shares of ODP reverse split on Wednesday, July 1st 2020. The 1-10 reverse split was announced on Friday, June 26th 2020. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

ODP announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 5th 2021, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 13% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

ODP issued an update on its FY23 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $4.50-$5.10 for the period, compared to the consensus EPS estimate of $4.20. The company issued revenue guidance of $8.0-$8.4 billion, compared to the consensus revenue estimate of $8.34 billion.

720 employees have rated ODP Chief Executive Officer Gerry Smith on Glassdoor.com. Gerry Smith has an approval rating of 37% among the company's employees. This puts Gerry Smith in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ODP investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Verizon Communications (VZ), Walt Disney (DIS) and Micron Technology (MU).

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

ODP's stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.14%), LSV Asset Management (4.32%), Arrowstreet Capital Limited Partnership (1.96%), Geode Capital Management LLC (1.69%), Millennium Management LLC (1.61%) and Neuberger Berman Group LLC (1.52%). Insiders that own company stock include Gerry P Smith, John Gannfors, Kevin Moffitt, N David Bleisch, Richard A Haas Jr, Stephen M Mohan and Zoe Maloney.
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Shares of ODP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ODP stock can currently be purchased for approximately $44.75.

ODP (NASDAQ:ODP) has a market capitalization of $1.80 billion and generates $8.49 billion in revenue each year. The specialty retailer earns $166 million in net income (profit) each year or $3.34 on an earnings per share basis.

The company employs 25,000 workers across the globe.

ODP's mailing address is 6600 NORTH MILITARY TRAIL, BOCA RATON FL, 33496. The official website for the company is www.officedepot.com. The specialty retailer can be reached via phone at (561) 438-4800, via email at investor.relations@officedepot.com, or via fax at 800-685-5010.