Five analysts have issued estimates for Office Depot's earnings. Balyasny Asset Management Ltd Llc has 0% invested in Office Depot Inc (NASDAQ:ODP). Bank of New York Mellon Corp now owns 32,171,818 shares of the specialty retailer's stock worth $150,082,000 after buying an additional 2,057,459 shares during the period. Highbridge Capital Management LLC boosted its position in Office Depot by 40.0% in the fourth quarter.
A number of large investors have recently modified their holdings of ODP. Nomura Asset Com Limited owns 16,200 shares. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. $127,467 worth of Office Depot Inc (NASDAQ:ODP) shares were sold by Beauchamp Timothy J. The insider VASSALLUZZO JOSEPH bought 25,000 shares worth $117,499. Advantus Capital Management Inc raised its position in Office Depot by 0.4% in the first quarter. Market Capitalization if basically the market value of the company's shares outstanding. Finally, Ellington Management Group LLC purchased a new stake in shares of Office Depot during the fourth quarter valued at about $112,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. (ODP) traded down 1.88% during trading on Friday, reaching $5.73.
The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 22.97% and has a pretty decent Year to Date (YTD) Performance of 25.22% which means the stock is constantly adding to its value from previous fiscal year end price.
Office Depot, Inc. has a 50 day moving average of 5.30 and a 200 day moving average of 4.82. KAMES CAPITAL plc increased its position in shares of Office Depot by 1,162.6% in the second quarter. The Lower end of the earnings estimate is $0.15, while the higher end of the earnings estimate is $0.19. Office Depot had a net margin of 3.93% and a return on equity of 13.39%. During the same quarter previous year, the firm posted $0.10 earnings per share. Zacks Investment Research raised shares of Office Depot from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a report on Wednesday, May 10th. Investors of record on Thursday, May 25th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Tuesday the 23rd of May 2017. Office Depot's payout ratio is presently 12.05%.
Penney plans toy store additions for holidays
The current share price indicates that stock is -75.21% away from its one year high and is moving 36.97% ahead of its 52-week low. The company planned to add tory stores permanently in all of its current stores, which was in over 1,000 locations.
COPYRIGHT VIOLATION WARNING: This report was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another website, it was stolen and republished in violation of United States & global copyright legislation. (ODP), a leading provider of office products, services, and solutions, announced a new loyalty program to save customers money with expanded benefits, "Office Depot OfficeMax Rewards Everything". The Mean Recommendation is the average rating on a stock by the analyst community. Finally, BidaskClub upgraded shares of Office Depot from a "hold" rating to a "buy" rating in a research report on Saturday, June 10th.
Shares of Office Depot, Inc.
A number of other equities research analysts also recently issued reports on the stock. Price Target plays a critical role when it comes to the analysis of a Stock.
$161,315 worth of Office Depot Inc (NASDAQ:ODP) shares were sold by Allison Michael R. Shares for $385,059 were sold by RICE TROY on Monday, May 15. The stock was sold at an average price of $5.08, for a total transaction of $336,382.36. Following the completion of the transaction, the insider now directly owns 763,691 shares in the company, valued at $3,879,550.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Beta value of the stock is marked at 2.98. Victory Cap Mngmt Inc invested 0% of its portfolio in Office Depot Inc (NASDAQ:ODP).
That includes Amazon's business-to-business retail efforts, an area thought to be more protected than the retailers' consumer retail sales, Matt Sargent, senior vice president of retail at Frank N. Magid Associates, told Retail Dive in an email earlier this year. 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. And it remains to be seen which target price ODP can achieve without sacrificing much as the company is holding a 75.38% gain for the past twelve months.