NASDAQ:ODPOffice Depot Stock Price, Forecast & News

Office Depot's stock was trading at $19.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ODP shares have increased by 0.2% and is now trading at $19.43.
View which stocks have been most impacted by COVID-19.

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, November 4th 2020.
View our earnings forecast for Office Depot.

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, August, 5th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.15. The specialty retailer had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.12 billion. Office Depot had a negative net margin of 2.74% and a positive return on equity of 10.50%. Office Depot's revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share.
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 $0.25 per share on Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Office Depot's previous quarterly dividend of $0.03.
View Office Depot's dividend history.

Office Depot's stock reverse split on the morning of 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 closing bell on Tuesday, June 30th 2020. An investor that had 100 shares of Office Depot stock prior to the reverse split would have 10 shares after the split.

Office Depot declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 20th 2018, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

2 equities research analysts have issued 12 month target prices for Office Depot's shares. Their forecasts range from $12.00 to $12.00. On average, they expect Office Depot's stock price to reach $12.00 in the next twelve months. This suggests that the stock has a possible downside of 38.2%.
View analysts' price targets for Office Depot.

Headlines about ODP stock have been trending neutral on Tuesday, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news articles about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Office Depot.

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

Some companies that are related to Office Depot include Tractor Supply (TSCO), Tiffany & Co. (TIF), Ulta Beauty (ULTA), Five Below (FIVE), Dicks Sporting Goods (DKS), Sally Beauty (SBH), Signet Jewelers (SIG), MarineMax (HZO), Winmark (WINA), Hibbett Sports (HIBB), Big 5 Sporting Goods (BGFV) and GNC (GNC).
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), General Electric (GE), Intel (INTC), Tengasco (TGC), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Warren Resources (WRESQ) and Verizon Communications (VZ).

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

Office Depot's stock is owned by many different retail and institutional investors. Top institutional investors include LSV Asset Management (46.26%), Principal Financial Group Inc. (7.85%), UBS Group AG (5.28%), Russell Investments Group Ltd. (2.64%), Swiss National Bank (2.24%) and New York State Teachers Retirement System (2.22%).
View institutional ownership trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, SG Americas Securities LLC, Principal Financial Group Inc., Janney Montgomery Scott LLC, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Texas Permanent School Fund, and Mackay Shields LLC.
View insider buying and selling activity for Office Depot.

ODP stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, Robeco Institutional Asset Management B.V., Russell Investments Group Ltd., Jennison Associates LLC, Pacer Advisors Inc., Swiss National Bank, First Trust Advisors LP, and Rafferty Asset Management 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 $19.43.

Office Depot has a market capitalization of $1.02 billion and generates $10.65 billion in revenue each year. The specialty retailer earns $99 million in net income (profit) each year or $4.10 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]icedepot.com.