Is Office Depot Inc (ODP) a Sell? The Stock Declines Again

Andrew Cummings
August 10, 2017

The value of the company's investment in Office Depot, Inc. increased from $28,057,000 to $33,130,000 a change of 18.1% quarter over quarter. Envestnet Asset Management Inc. increased its position in Office Depot by 8.2% in the first quarter. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". As of quarter end Pacad Investment Ltd. had bought 16,800 shares growing its position 1,292.3%. Mitsubishi UFJ Trust & Banking Corp boosted its position in Office Depot by 19.5% in the first quarter.

09/08/2015 - Office Depot, Inc. was upgraded to "buy" by analysts at B. Riley. Institutional investors and hedge funds own 93.46% of the company's stock. The 50 day moving average went up by +6.83% and the 200 day average was up $1.09. For the current year the company's revenue estimates are $10.29 Billion compared to low analyst estimates of $10.15 Billion and high estimates of $10.47 Billion according to the prediction of 8 analysts.

05/10/2017 - Office Depot, Inc. had its "market perform" rating reiterated by analysts at Telsey Advisory Group. The stock closing price is now trading upward to its 50 day moving average with change of 8.75%, escalated to its 20 day moving average with figure of 4.19% and above its 200 day moving average with value 26.46%. Office Depot has a one year low of $3.01 and a one year high of $6.26. Office Depot Inc (NASDAQ:ODP) has risen 51.05% since August 8, 2016 and is uptrending. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.04. For now, ODP is the toast of Wall Street as its ABR stands at 2.90 with 1 out of 11 analysts rating the stock a buy. Office Depot had a net margin of 3.93% and a return on equity of 13.39%. The company's revenue was down 7.0% on a year-over-year basis.

12/11/2015 - Bank of America Merrill Lynch began new coverage on Office Depot, Inc. giving the company a "buy" rating. The company declared a dividend for shareholders that was paid on Thursday the 15th of June 2017. Investors of record on Friday, August 25th will be issued a dividend of $0.025 per share. The ex-dividend date was set for Tuesday the 23rd of May 2017.


Price to Sale ratio of ODP stands at 0.3 while Price to Book Ratio stands at 1.63. Office Depot's dividend payout ratio (DPR) is 12.05%.

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Several other equities research analysts have also issued reports on ODP. Credit Suisse maintained Office Depot Inc (NASDAQ:ODP) on Monday, March 7 with "Outperform" rating. Jefferies has "Hold" rating and $500 target.

The current consensus rating for Office Depot, Inc. On February 24 Deutsche Bank held the company rating at "Hold" but moved down the price target from $6.00 to $5.50.


In other Office Depot news, insider Michael R. Allison sold 66,217 shares of the stock in a transaction on Tuesday, May 16th. For the past 5 days of trading, the stock has seen a move of 5.11%. Following the transaction, the insider now owns 763,691 shares in the company, valued at approximately $3,879,550.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional owners hold 97.90% stake while Insiders ownership held at 1.80% in the company.

The North American Business Solutions Division sells office supply products and services throughout North America, including the United States, Puerto Rico, the United States Virgin Islands and Canada.

The company had 2016 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.


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