Office Depot Inc (ODP) Declares $0.03 Quarterly Dividend

Marco Green
May 19, 2017

The specialty retailer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. First Quadrant L P CA's holdings in Office Depot were worth $652,000 as of its most recent SEC filing. Elkfork Partners LLC bought a new stake in Office Depot during the fourth quarter valued at about $105,000. The Beta factor for the stock is listed at 2.27.

A price target is the projected price level of a financial security stated by an investment analyst. Comparatively, ODP posted earnings of $0.06 per share in the same quarter, a year earlier. Envestnet Asset Management Inc. now owns 25,558 shares of the specialty retailer's stock valued at $119,000 after buying an additional 1,927 shares during the last quarter.

Let's have a look at some of the important valuation ratios of the Office Depot, Inc. Company insiders own 1.47% of the company's stock. BlackRock Advisors LLC raised its stake in Office Depot by 10.2% in the third quarter. Alambic Investment Management L.P. now owns 591,300 shares of the specialty retailer's stock worth $2,111,000 after buying an additional 178,600 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.

Twitter, Inc.(TWTR) shares saw a recent bid of $18.28 and 30.04M shares have exchanged hands in the recent trading session, yielding a -1.40% decline over the past week. The stock has a 50-day moving average of $4.73 and a 200 day moving average of $4.44. Office Depot Inc has a 12 month low of $3.01 and a 12 month high of $5.54.

Office Depot (NASDAQ:ODP) last released its quarterly earnings data on Tuesday, May 9th. The Return on Equity (ROE) value stands at 0%. The mean revenue estimate is $2.33B.

Relative strength index (RSI-14) for Office Depot, Inc. For the outlook of the current financial quarter, Analysts think the firm will post 0.09 earnings per share. Stockholders of record on Thursday, May 25th will be paid a dividend of $0.025 per share. The stock's Dividend Yield stands at 1.93%. The ex-dividend date of this dividend is Tuesday, May 23rd. Office Depot's dividend payout ratio is now 17.54%.

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A number of hedge funds have recently bought and sold shares of ODP. The stock now has an average rating of "Hold" and a consensus price target of $5.12.

Basically, a price target is an individual analyst's projection on the future price of a stock. Finally, Telsey Advisory Group increased their price objective on Office Depot from $4.40 to $5.25 and gave the company a "market perform" rating in a report on Wednesday, May 10th.

Office Depot, Inc. had its "hold" rating reiterated by analysts at Jefferies. Analysts reported that the Price Target for Office Depot, Inc. might touch $6.5 high while the Average Price Target and Low price Target is $4.79 and $3.1 respectively. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

ODP has a 1-year high price of $ 5.54 and 1-year low price of $2.98. Also, insider Michael R. Allison sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 21st. Following the completion of the purchase, the chairman now owns 84,534 shares in the company, valued at $397,309.80. The shares were sold at an average price of $4.61, for a total transaction of $161,350.00.

The company reported an impressive total revenue of 11.02 Billion in the last fiscal year. The disclosure for this purchase can be found here. The company's previous year sales total was 3.22 Billion. While looking the figure depicted by the Price to Earning we can suggest that the shares of Office Depot, Inc. The Company's divisions include North American Retail Division and North American Business Solutions Division. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture.

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