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 (WHO). Since then, ODP stock has increased by 6.6% and is now trading at $20.69. View which stocks have been most impacted by Coronavirus.

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, August 5th 2020. View our earnings forecast for Office Depot.

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, May, 6th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.50. The specialty retailer earned $2.73 billion during the quarter, compared to analysts' expectations of $2.68 billion. Office Depot had a net margin of 1.28% and a return on equity of 11.98%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. View Office Depot's earnings history.

Office Depot announced 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 4.83%. The ex-dividend date 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 shares reverse split before market open 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 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 share buyback plan on Tuesday, November 20th 2018, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

2 Wall Street analysts have issued 1-year target prices for Office Depot's stock. 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 year. This suggests that the stock has a possible downside of 42.0%. View analysts' price targets for Office Depot.

Media headlines about ODP stock have been trending extremely negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Office Depot earned a coverage optimism score of -4.3 on InfoTrie's scale. They also assigned media coverage about the specialty retailer a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an impact on the company's share price in the near term. View the latest news about Office Depot.

Office Depot saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 39,710,000 shares, an increase of 5.2% from the June 15th total of 37,760,000 shares. Based on an average trading volume of 7,340,000 shares, the short-interest ratio is currently 5.4 days. Currently, 7.7% of the shares of the stock are sold short. View Office Depot's Current Options Chain.

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), Winmark (WINA), Signet Jewelers (SIG), MarineMax (HZO), Barnes & Noble (BKS), 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), Tengasco (TGC), General Electric (GE), Intel (INTC), Warren Resources (WRESQ), Walt Disney (DIS), Linn Energy (LINEQ) and Micron Technology (MU).

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

Office Depot's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.27%) and Diversified Trust Co (0.08%). View institutional ownership trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. View insider buying and selling activity for Office Depot.

ODP stock was acquired by a variety of institutional investors in the last quarter, including Diversified Trust Co. 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 $20.69.

Office Depot has a market capitalization of $1.09 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]