07 July, 2017
Aberdeen Asset Management PLC UK increased its position in shares of Office Depot, Inc. The firm owned 100,321 shares of the specialty retailer's stock after buying an additional 24,468 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Office Depot by 1.3% in the first quarter.
Several large investors have recently modified their holdings of the stock.
The current market capitalization of Office Depot Cmn (NASDAQ:ODP) stands at 2.94 Billion. LLC purchased a new position in shares of Office Depot during the first quarter valued at $120,000. Martingale Asset Management L P raised its stake in shares of Office Depot by 17.0% in the first quarter. Corsair Capital Management L.P., a New York-based fund reported 41,380 shares. The Saba Capital Management Lp holds 255,620 shares with $1.16 million value, down from 419,220 last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Office Depot by 19.5% in the first quarter. Following the transaction, the insider now directly owns 763,691 shares in the company, valued at $3,879,550.28. The analysts estimated mean EPS at 0.11 while the high and low EPS estimate stand at 0.13 and 0.09 respectively. We have $6.23 PT which if reached, will make NASDAQ:ODP worth $262.80M more.
During the trading day, the stock price fluctuated between $5.59 and $5.72. The stock touched 52-week High of $5.76 on 06/29/17 and 52-week Low of $3.01 on 11/01/16.
TRADEMARK VIOLATION WARNING: "Favorable News Coverage Likely to Impact Office Depot (ODP) Stock Price" was posted by Chaffey Breeze and is the property of of Chaffey Breeze.
Office Depot (NASDAQ:ODP) last announced its earnings results on Tuesday, May 9th. The specialty retailer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. These analysts have also projected a Low Estimate of $0.05/share and a High Estimate of $0.11/share. Office Depot had a net margin of 3.93% and a return on equity of 13.39%. During the same period previous year, the company earned $0.10 EPS. The company reported the earnings of $0.16/Share in the last quarter where the estimated EPS by analysts was $0.12/share.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. The shares price has positioned 20.68% up over the past quarter while it has directed 25.22% toward a rising position throughout past six months. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, May 23rd. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of USA and global trademark and copyright legislation. Oppenheimer Holdings, Inc. reissued a "hold" rating on shares of Office Depot in a research note on Tuesday, May 9th. A number of research analysts have commented on the company. Office Depot Inc (NASDAQ:ODP) has risen 51.05% since July 6, 2016 and is uptrending.
The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 24.55% and has a pretty decent Year to Date (YTD) Performance of 25.44% which means the stock is constantly adding to its value from previous fiscal year end price.
In terms of Buy, Sell or Hold recommendations, Office Depot Cmn (NASDAQ:ODP) has analysts' mean recommendation of 2.9.
Office Depot, Inc. (ODP) stock's current distance from 20-Day Simple Moving Average is 3.24% and moving 8.07% away from 50-Day Simple Moving Average while traded up 24.61% from 200-Day Simple Moving Average. BidaskClub raised Office Depot from a "hold" rating to a "buy" rating in a research note on Saturday, June 10th. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. They now have a United States dollars 6 price target on the stock.
In other news, insider Michael R. Allison sold 66,217 shares of the firm's stock in a transaction that occurred on Tuesday, May 16th. The stock presently has a consensus rating of "Hold" and an average target price of $5.12. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. The sale was disclosed in a filing with the SEC, which is available through the SEC website. $127,467 worth of Office Depot Inc (NASDAQ:ODP) was sold by Beauchamp Timothy J. The Company's divisions include North American Retail Division and North American Business Solutions Division. 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.