NASDAQ:ODPOffice Depot Stock Price, Forecast & News

$2.27

+0.01 (+0.44 %)

(As of 05/22/2020 04:00 PM ET)

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Today's Range

$2.21

Now: $2.27▼

$2.32

50-Day Range

$1.58

MA: $1.94▼

$2.26

52-Week Range

$1.23

Now: $2.27▼

$2.81

Volume4.62 million shs

Average Volume7.51 million shs

Market Capitalization$1.19 billion

P/E Ratio9.08

Dividend Yield4.41%

Beta2.31

Office Depot, Inc. provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The Retail division operates a chain of retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of April 4, 2019, this division operated 1,350 office supply stores. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing support, managed IT services, data center monitoring and management, service desk, network infrastructure, IT workforce solutions, mobile device management, and cloud services. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Office Depot has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.20, Office Depot has a potential downside of 47.1% from its current price of $2.27.
Amount of Analyst Coverage
Office Depot has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Office Depot has received 374 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Office Depot has received 586 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Office Depot has received 61.04% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Office Depot and other stocks. Vote “Outperform” if you believe ODP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ODP will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Office Depot is a leading dividend payer. It pays a dividend yield of 4.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Office Depot does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Office Depot is 24.39 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Office Depot will have a dividend payout ratio of 22.22 % next year. This indicates that Office Depot will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Office Depot insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Office Depot is held by insiders.
Percentage Held by Institutions
89.57% of the stock of Office Depot is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Office Depot are expected to grow by 2.27% in the coming year, from $0.44 to $0.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Office Depot is 9.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.46.
Price to Earnings Ratio vs. Sector
The P/E ratio of Office Depot is 9.08, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 38.60.
Price to Earnings Growth Ratio
Office Depot has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Office Depot has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.20 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Miscellaneous shopping goods stores

Sub-IndustrySpecialty Stores

SectorRetail/Wholesale

Current SymbolNASDAQ:ODP

Previous Symbol

CUSIP67622010

CIK800240

Webwww.officedepot.com

Phone561-438-4800

Debt

Debt-to-Equity Ratio0.81

Current Ratio1.15

Quick Ratio0.76

Price-To-Earnings

Trailing P/E Ratio9.08

Forward P/E Ratio5.16

P/E Growth0.75

Sales & Book Value

Annual Sales$10.65 billion

Price / Sales0.11

Cash Flow$0.80 per share

Price / Cash Flow2.82

Book Value$4.06 per share

Price / Book0.56

Profitability

EPS (Most Recent Fiscal Year)$0.41

Net Income$99 million

Net Margins1.28%

Return on Equity11.98%

Return on Assets3.58%

Miscellaneous

Employees40,000

Outstanding Shares526,340,000

Market Cap$1.19 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Office Depot (NASDAQ:ODP) Frequently Asked Questions

How has Office Depot's stock been impacted by COVID-19 (Coronavirus)?

Office Depot's stock was trading at $1.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ODP shares have increased by 17.0% and is now trading at $2.27. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Office Depot?

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.

When is Office Depot's next earnings date?

Office Depot is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Office Depot.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) posted its earnings results on Wednesday, May, 6th. The specialty retailer reported $0.12 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.05. The specialty retailer had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.68 billion. Office Depot had a net margin of 1.28% and a return on equity of 11.98%. Office Depot's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. View Office Depot's earnings history.

How often does Office Depot pay dividends? What is the dividend yield for Office Depot?

Office Depot announced a quarterly dividend on Tuesday, February 4th. Shareholders of record on Monday, March 2nd will be given 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 4.41%. The ex-dividend date of this dividend is Friday, February 28th. View Office Depot's dividend history.

How will Office Depot's stock buyback program work?

Office Depot announced that its board has initiated a stock buyback program on Tuesday, November 20th 2018, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 6.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

What guidance has Office Depot issued on next quarter's earnings?

Office Depot updated its FY 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $10.5-10.5 billion, compared to the consensus revenue estimate of $10.46 billion.

What price target have analysts set for ODP?

2 equities research analysts have issued 12-month price objectives for Office Depot's stock. Their forecasts range from $1.20 to $1.20. On average, they expect Office Depot's stock price to reach $1.20 in the next year. This suggests that the stock has a possible downside of 47.1%. View analysts' price targets for Office Depot.

Has Office Depot been receiving favorable news coverage?

News articles about ODP stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Office Depot earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave news headlines about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutOffice Depot.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest in April. As of April 30th, there was short interest totaling 33,970,000 shares, an increase of 19.0% from the April 15th total of 28,540,000 shares. Based on an average daily trading volume, of 6,697,900 shares, the short-interest ratio is currently 5.1 days. Currently, 6.6% of the company's shares are sold short. View Office Depot's Current Options Chain.

Who are some of Office Depot's key competitors?

Some companies that are related to Office Depot include Tiffany & Co. (TIF), Tractor Supply (TSCO), Ulta Beauty (ULTA), 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) and Big 5 Sporting Goods (BGFV). View all competitors.

What other stocks do shareholders of Office Depot own?

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).

Who are Office Depot's key executives?

Office Depot's management team includes the following people:

Mr. Gerry P. Smith, CEO & Director (Age 56)
Mr. Joseph T. Lower, Exec. VP & CFO (Age 52)
Mr. N. David Bleisch, Exec. VP, Chief Legal & Admin. Officer and Corp. Sec. (Age 60)
Ms. Jerri L. DeVard, Exec. VP & Chief Customer Officer (Age 61)
Mr. Scott A. Kriss, Sr. VP & Chief Accounting Officer (Age 51)

What is Office Depot's stock symbol?

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

Who are Office Depot's major shareholders?

Office Depot's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.72%), Canyon Capital Advisors LLC (5.28%), State Street Corp (3.91%), Bank of New York Mellon Corp (2.03%), Geode Capital Management LLC (1.63%) and JPMorgan Chase & Co. (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.

Which major investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., AQR Capital Management LLC, Morgan Stanley, Two Sigma Investments LP, JPMorgan Chase & Co., Mackay Shields LLC, Acadian Asset Management LLC, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity for Office Depot.

Which major investors are buying Office Depot stock?

ODP stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Tarsadia Capital LLC, Canyon Capital Advisors LLC, State Street Corp, Deutsche Bank AG, Russell Investments Group Ltd., Balyasny Asset Management LLC, and Parametric Portfolio Associates 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 activity for Office Depot.

How do I buy shares of 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.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $2.27.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.19 billion and generates $10.65 billion in revenue each year. The specialty retailer earns $99 million in net income (profit) each year or $0.41 on an earnings per share basis. Office Depot employs 40,000 workers across the globe.

What is Office Depot's official website?

The official website for Office Depot is www.officedepot.com.

How can I contact Office Depot?

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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff