Brokers Opinions on: Office Depot, Inc. (ODP)

Angelica Greene
May 20, 2017

Office Depot, Inc. (ODP) is a part of Services sector and belongs to Specialty Retail, Other industry. Mckinley Mgmt Ltd Liability Delaware holds 501,066 shares or 0.09% of its portfolio.

Several hedge funds have recently bought and sold shares of ODP. Elkfork Partners LLC bought a new stake in Office Depot during the fourth quarter worth $105,000. Jefferies Group LLC reaffirmed a "hold" rating and issued a $5.00 target price (up from $4.50) on shares of Office Depot in a report on Wednesday, May 10th. California Public Employees Retirement System raised its stake in Office Depot by 12.5% in the third quarter. Are investors supposed to sell when the stock hits the target? Envestnet Asset Management Inc. increased its stake in Office Depot by 8.2% in the first quarter. (LAMR)'s stock 0.00%. The Ranger International Management Lp holds 13,470 shares with $906,000 value, up from 3,340 last quarter. It improved, as 40 investors sold Office Depot Inc shares while 87 reduced holdings. Bank of Montreal Can now owns 51,617 shares of the specialty retailer's stock worth $241,000 after buying an additional 17,114 shares during the period.

Office Depot, Inc. (ODP) has been given an average price target of $5.16 from analysts, according to data collected by Finviz.

The Relative Volume of the company is 1.66 and Average Volume (3 months) is 5.65 million. The firm's 50-day moving average price is $4.93 and its 200-day moving average price is $4.62. Office Depot, Inc. has a 52-week low of 3.01 and a 52-week high of 5.54. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 4.55 and a beta of 3.26. The stock of Office Depot Inc (NASDAQ:ODP) has "Sell" rating given on Thursday, August 4 by UBS. The specialty retailer reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Return on Equity (ROE) stands at 0% and Return on Investment (ROI) of 24.2 percent. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period previous year, the business earned $0.10 earnings per share.

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Office Depot, Inc provides a selection of products and services to consumers and businesses of various sizes. The Lower end of the earnings estimate is $0.06, while the higher end of the earnings estimate is $0.11. Stockholders of record on Thursday, May 25th will be paid a $0.025 dividend. It has a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 23rd. Office Depot's dividend payout ratio (DPR) is now 17.54%.

TRADEMARK VIOLATION WARNING: "Office Depot (ODP) Getting Positive News Coverage, AlphaOne Reports" was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & global copyright & trademark legislation. Looking at this figure it suggests that the shares of Office Depot, Inc. The lowest 12-month price target for the shares is $10.00, which would be decrease of about -45% of its current value. The brokerage now has $6.00 price target on the specialty retailer's stock. Oppenheimer Holdings Inc. reiterated a hold rating on shares of Office Depot in a research note on Tuesday, May 9th.

Receive News & Ratings for Office Depot Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Depot Inc and related companies with's FREE daily email newsletter. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Price targets frequently change, depending on the outlook for a company's earnings. Following the completion of the transaction, the insider now owns 763,691 shares in the company, valued at approximately $3,879,550.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the transaction, the executive vice president now directly owns 443,586 shares of the company's stock, valued at approximately $2,027,188.02.

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