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

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

Office Depot declared a quarterly dividend on Thursday, May 9th. Stockholders of record on Friday, May 24th will be given a dividend of $0.025 per share on Friday, June 14th. This represents a $0.10 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Thursday, May 23rd. View Office Depot's Dividend History.

Office Depot declared that its board has initiated a stock buyback program on Tuesday, November 20th 2018, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Office Depot Inc (NASDAQ:ODP) posted its earnings results on Wednesday, May, 8th. The specialty retailer reported $0.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.06 by $0.01. The specialty retailer earned $2.77 billion during the quarter, compared to the consensus estimate of $2.76 billion. Office Depot had a return on equity of 8.95% and a net margin of 0.64%. Office Depot's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. View Office Depot's Earnings History.

Office Depot is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for Office Depot.

Office Depot updated its FY 2019 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.8-10.9 billion, compared to the consensus revenue estimate of $10.9 billion.

2 equities research analysts have issued 1-year price targets for Office Depot's stock. Their predictions range from $2.00 to $4.00. On average, they expect Office Depot's share price to reach $3.00 in the next year. This suggests a possible upside of 50.0% from the stock's current price. View Analyst Price Targets for 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 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

News headlines about ODP stock have been trending negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Office Depot earned a news impact score of -2.0 on InfoTrie's scale. They also gave media stories about the specialty retailer a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the next several days.

Office Depot saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 18,569,375 shares, an increase of 31.0% from the April 15th total of 14,170,627 shares. Based on an average daily volume of 4,866,316 shares, the short-interest ratio is presently 3.8 days. Approximately 3.5% of the shares of the stock are short sold. View Office Depot's Current Options Chain.

Some companies that are related to Office Depot include Dicks Sporting Goods (DKS), Hibbett Sports (HIBB), Barnes & Noble (BKS), Sportsman's Warehouse (SPWH), Barnes & Noble Education (BNED) and Big 5 Sporting Goods (BGFV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Office Depot investors own include Tengasco (TGC), Bank of America (BAC), Warren Resources (WRESQ), Ford Motor (F), General Electric (GE), Linn Energy (LINEQ), Intel (INTC), AT&T (T), Advanced Micro Devices (AMD) and Micron Technology (MU).

Office Depot's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.69%), Dimensional Fund Advisors LP (8.37%), Hotchkis & Wiley Capital Management LLC (6.77%), Hotchkis & Wiley Capital Management LLC (6.77%), LSV Asset Management (4.88%) and JPMorgan Chase & Co. (2.42%). Company insiders that own Office Depot stock include Joseph T Lower, Joseph Vassalluzzo, Michael R Allison, Michael Rabinovitch 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 Morgan Stanley, Aristotle Fund L.P., Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, AQR Capital Management LLC, Dimensional Fund Advisors LP, Spark Investment Management LLC and Kennedy Capital Management Inc.. View Insider Buying and Selling for Office Depot.

ODP stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, LSV Asset Management, JPMorgan Chase & Co., Majedie Asset Management Ltd, Great West Life Assurance Co. Can, Skandinaviska Enskilda Banken AB publ , Oxford Asset Management LLP and Acadian Asset Management 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 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, Scottrade, Fidelity and Charles Schwab.

One share of ODP stock can currently be purchased for approximately $2.00.

Office Depot has a market capitalization of $1.09 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.

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]