Bowling Portfolio Management LLC bought a new position in shares of Office Depot during the first quarter worth $138,000. Envestnet Asset Management Inc. now owns 25,558 shares of the specialty retailer's stock worth $119,000 after buying an additional 1,927 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Office Depot by 0.6% in the first quarter. Envestnet Asset Management Inc. increased its position in shares of Office Depot by 8.2% in the first quarter. Prudential Financial Inc. boosted its position in shares of Office Depot by 66.4% in the first quarter. Their average price target spell out an upbeat performance - a -8% and would give ODP a market capitalization of almost $2.71B. GSA Capital Partners LLP bought a new position in shares of Office Depot during the fourth quarter worth $145,000. The fund owned 71,735 shares of the specialty retailer's stock after buying an additional 4,955 shares during the period.
ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Office Depot has a 1-year low of $3.01 and a 1-year high of $5.77. Office Depot earned a news impact score of 0.10 on Accern's scale.
The Stock traded with an actual day volume of 5.21 Million and average volume of 6.24 Million respectively. The stock has a 50 day moving average price of $5.30 and a 200-day moving average price of $4.82.
The company surged 0.35% and closed its last trading session at $5.64. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.71 billion.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Office Depot Cmn (NASDAQ:ODP) high price target of $6.5 and with a conservative view have low price target of $3.1. The business's quarterly revenue was down 7.0% compared to the same quarter a year ago. During the same period in the prior year, the firm earned $0.10 EPS.
Several equities analysts have recently commented on ODP shares.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 25th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. A recommendation of 1 or 2 would represent a consensus Buy.More news: U.S. to conduct flight test of ballistic missile defense system
Technical Indicators of Office Depot, Inc.
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Previously Office Depot Cmn (NASDAQ:ODP) reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The rating was downgraded by Telsey Advisory Group on Wednesday, May 11 to "Market Perform".
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Office Depot, Inc. Finally, Telsey Advisory Group raised their price objective on Office Depot from $4.40 to $5.25 and gave the stock a "market perform" rating in a research report on Wednesday, May 10th. The stock of Office Depot Inc (NASDAQ:ODP) has "Hold" rating given on Tuesday, December 13 by Loop Capital.
According to the the latest analyst ratings which have been released, 1 brokers have issued a rating of "buy", 0 brokers "outperform", 12 brokers "hold", 0 brokers "underperform" and 1 brokers "sell". (ODP) stock price has gone up by 4.81% over the last 20 trading days, and its price is -1.74% below the 52-week high. $336,449 worth of stock was sold by Allison Michael R on Tuesday, May 16. The company's 5 year Earnings per share growth and Capital Spending growth remains at 36.26 and -3.16. 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 document filed with the Securities & Exchange Commission, which is available at this link.
12/07/2015 - Office Depot, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank.