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

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

Office Depot announced a quarterly dividend on Tuesday, February 5th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.025 per share on Friday, March 15th. This represents a $0.10 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, February 28th. View Office Depot's Dividend History.

Office Depot declared that its Board of Directors has approved a stock buyback plan on Tuesday, November 20th 2018, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data on Tuesday, August, 7th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The specialty retailer had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. Office Depot had a net margin of 0.59% and a return on equity of 8.90%. During the same period in the prior year, the firm earned $0.06 EPS. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Office Depot.

4 analysts have issued 12 month price objectives for Office Depot's shares. Their forecasts range from $4.00 to $5.00. On average, they anticipate Office Depot's stock price to reach $4.50 in the next twelve months. This suggests a possible upside of 33.5% from the stock's current price. View Analyst Price Targets for Office Depot.

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

Press coverage about ODP stock has trended positive on Friday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave news articles about the specialty retailer a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the company's share price in the next few days.

Some companies that are related to Office Depot include Dicks Sporting Goods (DKS), Barnes & Noble (BKS), Barnes & Noble Education (BNED), Hibbett Sports (HIBB), Sportsman's Warehouse (SPWH) 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), Ford Motor (F), Intel (INTC), General Electric (GE), AT&T (T), Micron Technology (MU), Zynga (ZNGA), Advanced Micro Devices (AMD), Staples (SPLS) and Twitter (TWTR).

Office Depot's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.62%), Dimensional Fund Advisors LP (8.54%), LSV Asset Management (4.11%), Towle & Co. (2.24%), Northern Trust Corp (2.11%) and Bank of New York Mellon Corp (1.86%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch, Nigel Travis and Stephen R Calkins. View Institutional Ownership Trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Aristotle Fund L.P., James Investment Research Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Commonwealth Bank of Australia, Two Sigma Investments LP, Northern Trust Corp and Meeder Asset Management Inc.. View Insider Buying and Selling for Office Depot.

ODP stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, WINTON GROUP Ltd, Gotham Asset Management LLC, Acadian Asset Management LLC, Millennium Management LLC, BlackRock Inc., Bank of America Corp DE and Susquehanna Fundamental Investments 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.

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.

One share of ODP stock can currently be purchased for approximately $3.37.

Office Depot has a market capitalization of $1.84 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.

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]