Office Depot Stock Forecast, Price & News

Office Depot's stock was trading at $19.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ODP shares have increased by 12.0% and is now trading at $21.72.
View which stocks have been most impacted by COVID-19.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Office Depot.

Office Depot is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Office Depot.

Office Depot Inc (NASDAQ:ODP) posted its earnings results on Wednesday, August, 5th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.15. The specialty retailer had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.12 billion. Office Depot had a negative net margin of 2.74% and a positive return on equity of 10.50%. The company's revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 earnings per share.
View Office Depot's earnings history.

Office Depot announced a quarterly dividend on Tuesday, February 4th. Shareholders 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 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend 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's stock reverse split 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 has approved a share buyback program on Tuesday, November 20th 2018, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Office Depot saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,500,000 shares, a decline of 19.0% from the July 30th total of 4,320,000 shares. Based on an average trading volume of 863,200 shares, the days-to-cover ratio is currently 4.1 days. Approximately 6.8% of the company's stock are sold short.
View Office Depot's Short Interest.

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), Signet Jewelers (SIG), Hibbett Sports (HIBB), Winmark (WINA), MarineMax (HZO) and Big 5 Sporting Goods (BGFV).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Office Depot investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Tengasco (TGC), Warren Resources (WRESQ), Verizon Communications (VZ), Walt Disney (DIS) 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (105.94%), Canyon Capital Advisors LLC (52.62%), LSV Asset Management (46.26%), Bank of New York Mellon Corp (13.85%), Neuberger Berman Group LLC (12.04%) and Charles Schwab Investment Management Inc. (10.34%).
View institutional ownership trends for Office Depot.

ODP stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Bank of New York Mellon Corp, LSV Asset Management, Bank of America Corp DE, Two Sigma Advisers LP, SG Americas Securities LLC, and Charles Schwab Investment Management Inc..
View insider buying and selling activity for Office Depot.

ODP stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, Jacobs Levy Equity Management Inc., Marshall Wace North America L.P., Grantham Mayo Van Otterloo & Co. LLC, AJO LP, Marshall Wace LLP, AQR Capital Management LLC, and Nuveen Asset Management LLC.
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 $21.72.

Office Depot has a market capitalization of $1.14 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]