Bulls: Office Depot, Inc. (NASDAQ:ODP), Lowe's Companies, Inc. (NYSE:LOW)
- Author: Kyle Warner Mar 03, 2017,
Mar 03, 2017, 0:49
Analyst's mean target price for ODP is $4.62 while analysts mean recommendation is 2.90. The analysts believe that the company stock price could grow as high as $6.5. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -5.78%. Office Depot has a 12 month low of $3.01 and a 12 month high of $7.91. The year ago sales the company reported in the same quarter is 3.48 Billion. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.025 per share. The dividend yield based on the forward looking indicated annual dividend is 2.25%. The ex-dividend date of this dividend is Wednesday, March 1st. Office Depot's dividend payout ratio (DPR) is now 17.54%. "(ODP)" was originally posted by BBNS and is the property of of BBNS. If you are reading this news story on another publication, it was copied illegally and reposted in violation of U.S. & worldwide trademark and copyright legislation.
"Loop Capital Reiterates Hold Rating for Office Depot, Inc". Its EVP & Chief Strategy Officer Johansson Juliet sold 8,385 company shares for 39660, in a transaction on 2016-12-16. The stock grabbed 54 new institutional investments totaling 25,164,108 shares while 43 institutional investors sold out their entire positions totaling 25,862,916 shares. Following the completion of the sale, the executive vice president now directly owns 234,782 shares of the company's stock, valued at approximately $1,110,518.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Bank of New York Mellon Corp boosted its stake in Office Depot by 127.9% in the third quarter.
Returns and Valuations for Office Depot, Inc. ANTIPODES PARTNERS Ltd bought a new stake in Office Depot during the fourth quarter valued at about $37,593,000. Dimensional Fund Advisors LP now owns 22,026,757 shares of the company's stock valued at $99,563,000 after buying an additional 4,617,613 shares during the period. Beta value of the stock is marked at 3.12.
ODP has been the subject of several analyst reports.
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Office Depot, Inc. (NASDAQ:ODP) yearly performance is -16.88% and net profit margin is 2.40%.
Many research firms have provided their ratings on Office Depot, Inc. According to a research note disclosed on May 11, 2016, analysts at Jefferies have lowered their rating on these shares from Buy to Hold. (NASDAQ:ODP) where 1 analyst have rated the stock as Strong Buy, 1 analysts said it's a Buy, 12 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell.
The Stock now has the market capitalization of $2.23 Billion, P/E (price to earnings ttm) of 3.82 and Weekly volatility of 5.23% and monthly volatility of 3.93% respectively. Roland C. Smith is one of the biggest insider owners in Office Depot, Inc.
The company had annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in North America and overseas with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization - with a global network of wholly owned operations, franchisees, licensees and alliance partners. It operates under the Office Depot and OfficeMax brands.