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NASDAQ:ODPOffice Depot Stock Price, Forecast & News

$19.43
+0.77 (+4.13 %)
(As of 08/11/2020 02:50 PM ET)
Add
Compare
Today's Range
$18.75
Now: $19.43
$19.65
50-Day Range
$18.66
MA: $21.78
$24.50
52-Week Range
$12.30
Now: $19.43
$29.90
Volume333,833 shs
Average Volume693,519 shs
Market Capitalization$1.02 billion
P/E RatioN/A
Dividend Yield3.95%
Beta2.25
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.
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Office Depot logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous shopping goods stores
Sub-IndustrySpecialty Stores
Current SymbolNASDAQ:ODP
CUSIP67622010
Phone561-438-4800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.65 billion
Cash Flow$8.23 per share
Book Value$39.76 per share

Profitability

Net Income$99 million

Miscellaneous

Employees40,000
Market Cap$1.02 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$19.43
+0.77 (+4.13 %)
(As of 08/11/2020 02:50 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Office Depot (NASDAQ:ODP) Frequently Asked Questions

How has Office Depot's stock price been impacted by COVID-19?

Office Depot's stock was trading at $19.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ODP shares have increased by 0.2% and is now trading at $19.43.
View which stocks have been most impacted by COVID-19
.

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, November 4th 2020.
View our earnings forecast for Office Depot
.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) posted its quarterly earnings data 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%. Office Depot'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 posted $0.70 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 declared a quarterly dividend on Tuesday, February 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.15%. 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
.

When did Office Depot's stock split? How did Office Depot's stock split work?

Office Depot's stock reverse split on the morning of 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.

How will Office Depot's stock buyback program work?

Office Depot declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 20th 2018, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for ODP?

2 equities research analysts have issued 12 month target prices for Office Depot's shares. Their forecasts range from $12.00 to $12.00. On average, they expect Office Depot's stock price to reach $12.00 in the next twelve months. This suggests that the stock has a possible downside of 38.2%.
View analysts' price targets for Office Depot
.

Has Office Depot been receiving favorable news coverage?

Headlines about ODP stock have been trending neutral on Tuesday, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news articles about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Office Depot
.

Are investors shorting Office Depot?

Office Depot saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 21,110,000 shares, an increase of 14.7% from the December 31st total of 18,400,000 shares. Based on an average daily trading volume, of 6,370,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.9% of the shares of the company are short sold.
View Office Depot's Short Interest
.

Who are some of Office Depot's key 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), General Electric (GE), Intel (INTC), Tengasco (TGC), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Warren Resources (WRESQ) and Verizon Communications (VZ).

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 many different retail and institutional investors. Top institutional investors include LSV Asset Management (46.26%), Principal Financial Group Inc. (7.85%), UBS Group AG (5.28%), Russell Investments Group Ltd. (2.64%), Swiss National Bank (2.24%) and New York State Teachers Retirement System (2.22%).
View institutional ownership trends for Office Depot
.

Which institutional investors are selling Office Depot stock?

ODP stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, SG Americas Securities LLC, Principal Financial Group Inc., Janney Montgomery Scott LLC, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Texas Permanent School Fund, and Mackay Shields LLC.
View insider buying and selling activity for Office Depot
.

Which institutional investors are buying Office Depot stock?

ODP stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, Robeco Institutional Asset Management B.V., Russell Investments Group Ltd., Jennison Associates LLC, Pacer Advisors Inc., Swiss National Bank, First Trust Advisors LP, and Rafferty Asset Management LLC.
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 $19.43.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.02 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.

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]icedepot.com.

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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