Office Depot, Inc. (NASDAQ:ODP) Position Reduced by Credit Suisse AG
- Blanca Howell
05/06/2015 - Office Depot, Inc. had its "market perform" rating reiterated by analysts at Oppenheimer. UBS Asset Management Americas Inc. now owns 687,801 shares of the specialty retailer's stock valued at $3,109,000 after buying an additional 119,656 shares during the period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock.
For this year, Office Depot, Inc. During its last trading session, Stock traded with the total exchanged volume of 25.39 million shares. RWC Asset Management LLP increased its stake in shares of Office Depot by 73.7% in the first quarter. Finally, Bank of Montreal Can boosted its stake in Office Depot by 49.6% in the first quarter. Pacad Investment Ltd. now owns 18,100 shares of the specialty retailer's stock valued at $102,000 after buying an additional 16,800 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its stake in Office Depot by 311.0% in the second quarter. $127,467 worth of Office Depot Inc (NASDAQ:ODP) was sold by Beauchamp Timothy J. The stock hit its 52-week high on 08/08/17, and 52-week low on 11/01/16.
Office Depot, Inc. (NASDAQ:ODP) has a market cap of $2.3 billion and over the last 12 months, ODP has risen by 26.18%.
It takes a lot more than a garden variety earnings flop to explain why a company's shares fall by 25% on its quarterly report card day. (ODP) now has a value of $6.11 while the company's 52 week low is at $3.01, the shares dropped to the 52 week low on 11/01/16.
Office Depot (NASDAQ:ODP) last issued its quarterly earnings data on Tuesday, May 9th.
In terms of earnings per share, 10 analysts have a 0.18 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 10 analysts have a 0.11 EPS mean target and for the quarter ending Dec-17 there are 9 estimates of 0.53 EPS. For the current year the company's revenue estimates are $10.23 Billion compared to low analyst estimates of $10.1 Billion and high estimates of $10.47 Billion according to the prediction of 8 analysts. Office Depot had a return on equity of 13.39% and a net margin of 3.93%. As per Friday, April 7, the company rating was maintained by Morgan Stanley. The institutional investor held 1.01 million shares of the consumer services company at the end of 2016Q4, valued at $4.56 million, up from 759,677 at the end of the previous reported quarter.
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Currently, EPS of Office Depot, Inc. Shareholders of record on Friday, August 25th will be paid a dividend of $0.025 per share.
On 8/9/2017 announced a quarterly dividend of $0.03 with an ex dividend date of which will be payable on 8/25/2017. This dividend represents a yield of $1.62.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of US and worldwide copyright and trademark law. The legal version of this news story can be accessed at https://www.thestockobserver.com/2017/08/09/18220-shares-in-office-depot-inc-odp-acquired-by-eagle-global-advisors-llc.html. The average numbers of shares are traded in a security per day, during the recent 3-month period. BidaskClub downgraded shares of Office Depot from a "buy" rating to a "hold" rating in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Office Depot from a "buy" rating to a "hold" rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Office Depot from a "hold" rating to a "buy" rating and set a $6.00 price target for the company in a research report on Wednesday, May 10th. Blair William Il holds 0% of its portfolio in Office Depot Inc (NASDAQ:ODP) for 36,490 shares. Telsey Advisory Group analysts stated on 10/05/2017 that they maintained their Market Perform rating.
In other Office Depot news, insider Michael R. Allison sold 66,217 shares of the stock in a transaction on Tuesday, May 16th. The shares will be offered from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.43% of the company's stock.
By historical standards, Office Depot, Inc.
Business Solutions Division sales declined 6% in constant currency, primarily driven by continued competitive pressures.
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