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. 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 dividend on an annualized basis and a dividend 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 approved a stock repurchase plan on Tuesday, November 20th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Office Depot Inc (NASDAQ:ODP) released its quarterly earnings results on Wednesday, November, 6th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.01. The specialty retailer earned $2.78 billion during the quarter, compared to analysts' expectations of $2.84 billion. Office Depot had a net margin of 0.28% and a return on equity of 10.05%. Office Depot's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. 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 analysts have issued 12 month price objectives 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.

News stories about ODP stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Office Depot earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned news articles about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Office Depot.

Office Depot saw a increase in short interest in 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 trading volume of 6,370,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.9% of the company's stock are sold short. 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 variety of of retail and institutional 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 acquired 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]