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

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

Office Depot declared a quarterly dividend on Wednesday, November 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.025 per share on Friday, December 13th. This represents a $0.10 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, November 21st. View Office Depot's Dividend History.

Office Depot announced that its board has authorized a share buyback plan 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 buy up to 6.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Office Depot Inc (NASDAQ:ODP) issued its earnings results on Wednesday, November, 6th. The specialty retailer reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The specialty retailer earned $2.78 billion during the quarter, compared to analyst estimates of $2.84 billion. Office Depot had a return on equity of 10.05% and a net margin of 0.28%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $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.

1 Wall Street analysts have issued 1 year price objectives for Office Depot's stock. Their forecasts range from $1.20 to $1.20. On average, they expect Office Depot's share price to reach $1.20 in the next year. This suggests that the stock has a possible downside of 52.3%. 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.

Press coverage about ODP stock has been trending negative on Friday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. 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 media sentiment score of -2.8 on InfoTrie's scale. They also assigned news headlines about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Office Depot.

Office Depot saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 18,400,000 shares, a decrease of 14.3% from the December 15th total of 21,480,000 shares. Based on an average trading volume of 6,650,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.4% of the shares of the company are sold short. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Tiffany & Co. (TIF), Ulta Beauty (ULTA), Tractor Supply (TSCO), Five Below (FIVE), Dicks Sporting Goods (DKS), Sally Beauty (SBH), Signet Jewelers (SIG), Winmark (WINA), Barnes & Noble (BKS), Hibbett Sports (HIBB), MarineMax (HZO), 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), Warren Resources (WRESQ), Ford Motor (F), AT&T (T), Intel (INTC), General Electric (GE), Linn Energy (LINEQ), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Office Depot's stock is owned by a number of of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%), Investors Asset Management of Georgia Inc. GA ADV (0.07%), CLARET ASSET MANAGEMENT Corp (0.04%), Louisiana State Employees Retirement System (0.03%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). 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 CLARET ASSET MANAGEMENT Corp, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. View Insider Buying and Selling for Office Depot.

ODP stock was purchased by a variety of institutional investors in the last quarter, including Investors Asset Management of Georgia Inc. GA ADV and Zurcher Kantonalbank Zurich Cantonalbank . 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 $2.52.

Office Depot has a market capitalization of $1.37 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]