Office Depot Company Profile (NASDAQ:ODP)

About Office Depot (NASDAQ:ODP)

Office Depot logoOffice Depot, Inc. provides a selection of products and services to consumers and businesses of various sizes. The Company's segments include North American Retail Division and North American Business Solutions Division. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture. The North American Business Solutions Division sells office supply products and services throughout North America, including the United States, Puerto Rico, the United States Virgin Islands and Canada. It operates under the Office Depot and OfficeMax brands, and utilizes other Company and product brand names, including Grand & Toy in Canada. It offers its products under various labels, such as Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark and Viking Office Products.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Office Supplies & Stationery Stores
  • Sub-Industry: Specialty Stores
  • Symbol: NASDAQ:ODP
  • CUSIP: 67622010
  • Web:
  • Market Cap: $2.32246 billion
  • Outstanding Shares: 518,406,000
Average Prices:
  • 50 Day Moving Avg: $4.61
  • 200 Day Moving Avg: $5.01
  • 52 Week Range: $3.01 - $6.26
  • Trailing P/E Ratio: 5.73
  • Foreward P/E Ratio: 8.34
  • P/E Growth: 1.18
Sales & Book Value:
  • Annual Revenue: $10.6 billion
  • Price / Sales: 0.22
  • Book Value: $3.81 per share
  • Price / Book: 1.16
  • Annual Dividend: $0.10
  • Dividend Yield: 2.2%
  • EBIDTA: $590 million
  • Net Margins: 2.49%
  • Return on Equity: 13.97%
  • Return on Assets: 4.79%
  • Debt-to-Equity Ratio: 0.57%
  • Current Ratio: 1.59%
  • Quick Ratio: 0.92%
  • Average Volume: 5.98 million shs.
  • Beta: 3.08
  • Short Ratio: 2.47

Frequently Asked Questions for Office Depot (NASDAQ:ODP)

What is Office Depot's stock symbol?

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

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

Office Depot announced a quarterly dividend on Wednesday, August 9th. Investors of record on Friday, August 25th will be given a dividend of $0.025 per share on Friday, September 15th. This represents a $0.10 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, August 23rd. View Office Depot's Dividend History.

How were Office Depot's earnings last quarter?

Office Depot, Inc. (NASDAQ:ODP) posted its quarterly earnings data on Wednesday, August, 9th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.09 by $0.03. The company had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.44 billion. Office Depot had a return on equity of 13.97% and a net margin of 2.49%. The firm's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. View Office Depot's Earnings History.

When will Office Depot make its next earnings announcement?

Office Depot is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Office Depot.

Where is Office Depot's stock going? Where will Office Depot's stock price be in 2017?

6 brokerages have issued 1-year price targets for Office Depot's shares. Their forecasts range from $5.00 to $6.00. On average, they anticipate Office Depot's share price to reach $5.25 in the next year. View Analyst Ratings for Office Depot.

What are analysts saying about Office Depot stock?

Here are some recent quotes from research analysts about Office Depot stock:

  • 1. Bank of America Corporation analysts commented, "We believe the relatively new management team has a long way to go to prove itself, but the stock is inexpensive enough for there to be upside as the company continues moving in the right direction," (9/5/2017)
  • 2. According to Zacks Investment Research, "Persistent weakness in the office products sector, stiff competition, loss of customers in Business Solutions Division and lower traffic count have been playing spoilsport for Office Depot. The company succumbed to a negative earnings surprise in second-quarter 2017, after three straight quarters of earnings beat, while sales also missed the Zacks Consensus Estimate for the 12th quarter in row. We note both the top and bottom lines declined year over year. Following the dismal show, the stock took a bearish path and has now underperformed the industry in the past one month. Nevertheless, Office Depot is concentrating on business operating model, growth prospects, cost structure, and omni-channel capabilities. Management anticipates total sales to be lower in 2017 versus 2016 due to store closures, tough market conditions and losses of contract customers in the prior year. However, the rate of decline is expected to decelerate sequentially." (8/14/2017)

Who are some of Office Depot's key competitors?

Who are Office Depot's key executives?

Office Depot's management team includes the folowing people:

  • Gerry P. Smith, Chief Executive Officer, Director
  • Stephen E. Hare, Chief Financial Officer, Executive Vice President
  • Troy A. Rice, President - Retail Division
  • Michael Allison, Executive Vice President, Chief Administrative Officer
  • Stephen R. Calkins, Executive Vice President, Chief Legal Officer, Corporate Secretary, President - Business Solutions Division
  • Timothy J. Beauchamp, Executive Vice President - Supply Chain
  • John W. Gannfors, Executive Vice President -Transformation and Strategic Sourcing
  • Michael Rabinovitch, Senior Vice President - Finance, Chief Accounting Officer
  • Janet Schijns, Senior Vice President - Services – Copy, Print and Tech
  • Joseph S. Vassalluzzo, Non-executive Independent Chairman of the Board

Who owns Office Depot stock?

Office Depot's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.34%), Vanguard Group Inc. (8.58%), Dimensional Fund Advisors LP (6.59%), Fairpointe Capital LLC (6.15%), Bank of New York Mellon Corp (5.84%) and Hotchkis & Wiley Capital Management LLC (5.02%). Company insiders that own Office Depot stock include Joseph Vassalluzzo, Juliet Johansson, Michael R Allison, Nigel Travis and Stephen R Calkins. View Institutional Ownership Trends for Office Depot.

Who sold Office Depot stock? Who is selling Office Depot stock?

Office Depot's stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Boston Partners, Numeric Investors LLC, Gotham Asset Management LLC, Bank of New York Mellon Corp, Fairpointe Capital LLC, BlackRock Inc. and OxFORD Asset Management LLP. Company insiders that have sold Office Depot stock in the last year include Juliet Johansson, Michael R Allison and Stephen R Calkins. View Insider Buying and Selling for Office Depot.

Who bought Office Depot stock? Who is buying Office Depot stock?

Office Depot's stock was purchased by a variety of institutional investors in the last quarter, including AJO LP, Dimensional Fund Advisors LP, LSV Asset Management, Prudential Financial Inc., KAMES CAPITAL plc, Teachers Advisors LLC, SG Americas Securities LLC and Bank of Montreal Can. Company insiders that have bought Office Depot stock in the last two years include Joseph Vassalluzzo and Nigel Travis. View Insider Buying and Selling for Office Depot.

How do I buy Office Depot stock?

Shares of Office Depot can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of Office Depot stock can currently be purchased for approximately $4.42.

MarketBeat Community Rating for Office Depot (NASDAQ ODP)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  152 (Vote Outperform)
Underperform Votes:  362 (Vote Underperform)
Total Votes:  514
MarketBeat's community ratings are surveys of what our community members think about Office Depot and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Office Depot (NASDAQ:ODP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.17)
Consensus Price Target: $5.25 (18.78% upside)

Analysts' Ratings History for Office Depot (NASDAQ:ODP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/5/2017Bank of America CorporationReiterated RatingBuy -> Buy$6.00MediumView Rating Details
8/10/2017Deutsche Bank AGReiterated RatingHold$5.75 -> $5.00LowView Rating Details
7/12/2017Loop CapitalReiterated RatingHold$5.00LowView Rating Details
5/10/2017Jefferies Group LLCReiterated RatingHold$4.50 -> $5.00MediumView Rating Details
5/10/2017Telsey Advisory GroupBoost Price TargetMarket Perform -> Market Perform$4.40 -> $5.25MediumView Rating Details
5/9/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldLowView Rating Details
8/16/2016Morgan StanleyReiterated RatingHold$4.35N/AView Rating Details
5/15/2016Wells Fargo & CompanyReiterated RatingEqual WeightN/AView Rating Details
5/2/2016J P Morgan Chase & CoReiterated RatingHoldN/AView Rating Details
3/7/2016Credit Suisse GroupLower Price TargetOutperform$10.50 -> $8.00N/AView Rating Details
(Data available from 9/19/2015 forward)


Earnings History for Office Depot (NASDAQ:ODP)
Earnings by Quarter for Office Depot (NASDAQ:ODP)
Earnings History by Quarter for Office Depot (NASDAQ ODP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.17N/AView Earnings Details
8/9/2017Q2 2017$0.09$0.06$2.44 billion$2.36 billionViewListenView Earnings Details
5/9/2017Q1 17$0.12$0.16$2.71 billion$2.68 billionViewListenView Earnings Details
3/1/2017Q416$0.10$0.11$2.74 billion$2.73 billionViewListenView Earnings Details
11/2/2016Q316$0.15$0.16$3.49 billion$2.84 billionViewListenView Earnings Details
8/3/2016Q216$0.06$0.03$3.20 billion$3.20 billionViewListenView Earnings Details
4/26/2016Q116$0.12$0.10$3.62 billion$3.50 billionViewN/AView Earnings Details
2/23/2016Q415$0.11$0.07$3.56 billion$3.50 billionViewN/AView Earnings Details
11/3/2015Q315$0.16$0.16$3.75 billion$3.70 millionViewN/AView Earnings Details
8/4/2015Q215$0.06$0.06$3.50 billion$3.44 billionViewN/AView Earnings Details
5/5/2015Q115$0.13$0.13$4.11 billion$3.90 billionViewN/AView Earnings Details
2/24/2015Q414$0.04$0.07$3.91 billion$3.80 billionViewN/AView Earnings Details
2/24/2015Q414$0.04$0.07$3.91 billion$3.80 billionViewN/AView Earnings Details
11/4/2014Q3$0.09$0.10$4.05 billion$4.07 billionViewListenView Earnings Details
8/5/2014Q214($0.02)($0.02)$3.80 billion$3.80 billionViewListenView Earnings Details
5/6/2014Q114$0.03$0.07$4.28 billion$4.35 billionViewListenView Earnings Details
2/25/2014Q413$0.03($0.03)$4.09 billion$3.50 billionViewListenView Earnings Details
11/5/2013Q313$0.06$0.02$2.60 billion$2.62 billionViewListenView Earnings Details
7/30/2013Q2 2013($0.10)($0.10)$2.43 billion$2.40 billionViewListenView Earnings Details
11/6/2012Q312$0.01$0.06$2.73 billion$2.69 billionViewN/AView Earnings Details
8/7/2012($0.09)($0.06)ViewN/AView Earnings Details
5/1/2012$0.05$0.05ViewN/AView Earnings Details
2/28/2012($0.01)$0.03ViewN/AView Earnings Details
7/26/2011($0.12)($0.06)ViewN/AView Earnings Details
4/26/2011$0.02($0.05)ViewN/AView Earnings Details
2/22/2011($0.03)$0.09ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Office Depot (NASDAQ:ODP)
Current Year EPS Consensus Estimate: $0.51 EPS
Next Year EPS Consensus Estimate: $0.53 EPS


Current Dividend Information for Office Depot (NASDAQ:ODP)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.10
Dividend Yield:2.26%
Payout Ratio:20.00% (Trailing 12 Months of Earnings)
19.61% (Based on This Year's Estimates)
18.87% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Office Depot (NASDAQ:ODP)

Dividend History by Quarter for Office Depot (NASDAQ ODP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Office Depot (NASDAQ:ODP)
Insider Ownership Percentage: 2.43%
Institutional Ownership Percentage: 94.06%
Insider Trades by Quarter for Office Depot (NASDAQ:ODP)
Institutional Ownership by Quarter for Office Depot (NASDAQ:ODP)
Insider Trades by Quarter for Office Depot (NASDAQ:ODP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/16/2017Michael R AllisonInsiderSell66,217$5.08$336,382.36View SEC Filing  
3/29/2017Stephen R CalkinsEVPSell45,434$4.57$207,633.38View SEC Filing  
3/21/2017Michael R AllisonInsiderSell35,000$4.61$161,350.00View SEC Filing  
3/21/2017Stephen R CalkinsEVPSell15,436$4.63$71,468.68View SEC Filing  
3/15/2017Joseph VassalluzzoChairmanBuy25,000$4.70$117,500.00View SEC Filing  
3/6/2017Stephen R CalkinsEVPSell4,532$4.51$20,439.32View SEC Filing  
12/16/2016Juliet JohanssonEVPSell8,385$4.73$39,661.05View SEC Filing  
8/24/2016Michael R AllisonEVPSell23,434$3.64$85,299.76View SEC Filing  
5/25/2016Nigel TravisDirectorBuy14,267$3.47$49,506.49View SEC Filing  
8/18/2014C Elisa D GarciaEVPSell11,531$5.15$59,384.65View SEC Filing  
5/21/2014C Elisa GarciaEVPSell22,097$5.01$110,705.97View SEC Filing  
5/14/2014Cynthia JamisonDirectorSell9,488$5.50$52,184.00View SEC Filing  
3/14/2014Joseph VassalluzzoDirectorBuy15,000$4.58$68,700.00View SEC Filing  
3/13/2014Warren BryantDirectorBuy6,000$4.66$27,960.00View SEC Filing  
3/12/2014Roland SmithCEOBuy50,000$4.61$230,500.00View SEC Filing  
3/11/2014Jeffrey SmithDirectorBuy711,500$4.59$3,265,785.00View SEC Filing  
3/10/2014Jeffrey SmithDirectorBuy2,162,413$4.59$9,925,475.67View SEC Filing  
3/4/2014C Elisa GarciaEVPSell32,977$4.95$163,236.15View SEC Filing  
2/27/2014Nigel TravisDirectorBuy40,000$4.95$198,000.00View SEC Filing  
2/14/2014Steven Mark SchmidtInsiderSell150,000$5.08$762,000.00View SEC Filing  
2/3/2014C Elisa GarciaEVPSell37,500$4.80$180,000.00View SEC Filing  
1/14/2014Steven Mark SchmidtInsiderSell150,000$4.79$718,500.00View SEC Filing  
12/23/2013C Elisa GarciaEVPSell41,064$5.31$218,049.84View SEC Filing  
12/16/2013Steven Mark SchmidtInsiderSell150,000$5.18$777,000.00View SEC Filing  
12/13/2013Jeffrey SmithDirectorBuy1,350,000$5.22$7,047,000.00View SEC Filing  
12/13/2013Matthew BroadEVPSell149,273$5.22$779,205.06View SEC Filing  
12/11/2013Matthew BroadEVPSell31,373$5.36$168,159.28View SEC Filing  
11/18/2013Steven Mark SchmidtInsiderSell150,000$5.52$828,000.00View SEC Filing  
11/15/2013Michael NewmanCFOSell73,187$5.56$406,919.72View SEC Filing  
11/15/2013Nigel TravisDirectorBuy35,587$5.64$200,710.68View SEC Filing  
11/1/2013Kim S MoehlerSVPSell10,906$5.84$63,691.04View SEC Filing  
10/21/2013Kim S MoehlerSVPSell74,245$5.50$408,347.50View SEC Filing  
10/16/2013Kim S MoehlerSVPSell8,790$5.25$46,147.50View SEC Filing  
10/10/2013Kim MoehlerSVPSell9,947$5.00$49,735.00View SEC Filing  
10/10/2013Michael NewmanCFOSell300,000$5.00$1,500,000.00View SEC Filing  
10/10/2013Thomas ColliganDirectorSell25,000$5.03$125,750.00View SEC Filing  
8/23/2013Joseph VassalluzzoDirectorBuy9,500$4.17$39,615.00View SEC Filing  
8/9/2013Cynthia JamisonInsiderBuy2,340$4.26$9,968.40View SEC Filing  
7/29/2013Robert L NardelliInsiderBuy2,331$4.30$10,023.30View SEC Filing  
7/2/2013Cynthia T JamisonInsiderBuy2,525$3.97$10,024.25View SEC Filing  
6/4/2013Thomas J ColliganDirectorSell25,000$4.50$112,500.00View SEC Filing  
3/22/2013David N SiegelInsiderBuy1,250$4.02$5,025.00View SEC Filing  
3/21/2013Robert L NardelliInsiderBuy2,389$4.10$9,794.90View SEC Filing  
2/22/2013Nigel TravisDirectorBuy20,000$4.22$84,400.00View SEC Filing  
10/11/2012Value Lp StarboardMajor ShareholderBuy4,094,119$2.29$9,375,532.51View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Office Depot (NASDAQ:ODP)
Latest Headlines for Office Depot (NASDAQ:ODP)
DateHeadline logoOffice Depot names Jerri Devard Chief Marketing Officer - September 16 at 7:20 AM logoPre-Market Technical Recap on Specialty Retail Stocks -- eBay, Etsy, HSN Inc., and Office Depot - PR Newswire (press release) - September 14 at 8:39 AM logoOffice Depot, Inc. Names Jerri Devard Chief Marketing Officer - September 14 at 8:39 AM logoOffice Depot hires CMO - September 14 at 8:39 AM logoOffice Depot, Inc. (ODP) Given Consensus Rating of "Hold" by Analysts - September 12 at 1:14 PM logoWhy Did Macy's, Dick's, and Office Depot Shares Sink in August? - September 11 at 9:01 AM logoWells Fargo Commercial Mortgage Trust 2016-LC24 -- Moody's Affirms Seven Classes of Wells Fargo Commercial Mortgage Trust 2016-LC24 - September 9 at 6:58 AM logo Brokerages Expect Office Depot, Inc. (ODP) Will Post Quarterly Sales of $2.65 Billion - September 7 at 8:20 AM logoOffice Depot, Inc. Engages Elementum to Transform Omnichannel Operations and Enhance Customer Experience - September 6 at 7:10 AM logo$0.17 Earnings Per Share Expected for Office Depot, Inc. (ODP) This Quarter - September 5 at 8:30 AM logoValuEngine Downgrades Office Depot, Inc. (ODP) to Buy - September 2 at 7:32 PM logoOffice Depot Down 29% in a Month: Is Only Top Line to Blame? - August 30 at 7:29 AM logoOffice Depot, Inc. Expands Strategic Partnerships Program to School Districts across the Country - August 29 at 8:41 AM logoAn inside look at Office Depot's 'Store of the Future' (Photos) (Video) - August 26 at 7:58 AM logoOffice Depot, Inc. (ODP) Ex-Dividend Date Scheduled for August 23, 2017 - Nasdaq - August 23 at 9:37 AM logoOffice Depot, Inc. – Value Analysis (NASDAQ:ODP) : August 21, 2017 - August 23 at 9:37 AM logoOffice Depot, Inc. (ODP) Expected to Announce Quarterly Sales of $2.65 Billion - August 19 at 3:02 AM logoOffice Depot, Inc. (ODP) Receives Consensus Rating of "Hold" from Brokerages - August 18 at 11:06 AM logo$0.17 EPS Expected for Office Depot, Inc. (ODP) This Quarter - August 17 at 8:24 PM logoOffice Depot: A Curious Use Of Capital - Seeking Alpha - August 17 at 6:30 AM logoSee what the IHS Markit Score report has to say about Office Depot Inc. - August 15 at 5:31 AM logoOffice Depot, Inc. (ODP) Downgraded by Zacks Investment Research to Sell - August 14 at 2:30 PM logoOffice Depot's (ODP) Buy Rating Reiterated at Bank of America Corporation - August 13 at 6:32 AM logoOffice Depot Inc (ODP) Short Interest Up 9.8% in July - August 11 at 8:34 AM logoToday's Research Reports on Stocks to Watch: Office Depot and Staples - August 11 at 7:11 AM logoOffice Depot, Inc. breached its 50 day moving average in a Bearish Manner : ODP-US : August 10, 2017 - August 11 at 7:11 AM logoOffice Depot Inc. 2017 Q2 - Results - Earnings Call Slides - August 10 at 6:26 AM logoOffice Depot (ODP) Q2 Earnings & Sales Miss, Stock Plunges - August 10 at 6:25 AM logoOffice Depot stock dives 23% - August 10 at 6:25 AM logoOffice Depot: Uh, Oh. It Used the 'A Word' - August 10 at 6:25 AM logoEdited Transcript of ODP earnings conference call or presentation 9-Aug-17 1:00pm GMT - August 10 at 6:25 AM logoOffice Depot Admits Amazon Is Stealing Its Business and Shares Slide 25% - August 10 at 6:25 AM logoOffice Depot misses Street 2Q forecasts - August 10 at 6:25 AM logoOffice Depot, Inc. (ODP) Announces Quarterly Earnings Results - August 9 at 5:22 PM logoWhy Walt Disney Co (DIS), Priceline Group Inc (PCLN) and Office Depot Inc (ODP) Are 3 of Today’s Worst Stocks - August 9 at 5:04 PM logoWhy Office Depot Inc. Stock Plummeted Today - August 9 at 2:04 PM logoOffice Depot Inc (ODP) Stock Dives on Profit Miss, Weak Sales - August 9 at 12:32 PM logoOffice Depot, Inc. (NASDAQ:ODP) to Issue Quarterly Dividend of $0.03 - August 9 at 11:10 AM logoThe Children's Place Appoints Steven G. Rado to the Position of Chief Digital Officer - August 9 at 8:35 AM logoBRIEF-Office Depot Inc announces same-day delivery coming to three markets - August 8 at 3:37 AM logoOffice Depot, Inc. Announces Same-Day Delivery Coming to Three Markets - August 8 at 3:37 AM logoOffice Depot (ODP) Q2 Earnings: Will the Momentum Stay? - August 8 at 3:37 AM logoOffice Depot launching same-day delivery - August 8 at 3:37 AM logoOffice Depot to launch same-day delivery in South Florida - August 8 at 3:37 AM logoOffice Depot Inc (ODP) to Debut Same-Day Delivery in 3 Markets - August 7 at 12:30 PM logoStaples may spin off 1,500 stores to Office Depot - July 31 at 11:57 PM logo​Staples looks to spin off 1,500 retail stores to longtime rival Office Depot - July 31 at 11:57 PM logoZacks: Brokerages Anticipate Office Depot, Inc. (NASDAQ:ODP) Will Post Earnings of $0.09 Per Share - July 30 at 4:30 PM logoOffice Depot Foundation Donates 100,000 Sackpacks With School Supplies In 17th Year of Its National Backpack Program - July 29 at 5:53 AM logoOffice Depot, Inc. (ODP) Short Interest Update - July 28 at 2:21 AM



Office Depot (ODP) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by Staff