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Active Volume Stock: Office Depot, Inc. (NASDAQ:ODP)

03 March 2017

Office Depot Inc (NASDAQ:ODP) traded at a yearly high level of $7.91 during the last trading session. (NASDAQ:ODP) where 1 analyst have rated the stock as Strong Buy, 1 analysts said it's a Buy, 12 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell.

Office Depot, Inc. (NASDAQ:ODP) is now showing its ROA (Return on Assets) of 5.1%.

The Boca Raton, Florida-based company reported net income of $80 million, or 15 cents per share, in the quarter ending December 31, compared with $15 million, or 3 cents per share, in the same period the year before. The firm's 50 day moving average price is $4.48 and its 200-day moving average price is $4.09. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 7.39 and a beta of 3.26.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. The new indicated annual dividend based on announced dividend per share is $0.1. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Wednesday, March 1st.

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In Office Depot, Inc.

Office Depot's profit soared in the most recent quarter as the office supply retailer cut costs and benefited from an extra week in the period. "(ODP)" was originally posted by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States & global copyright and trademark law.

Office Depot, Inc (Office Depot) is a provider of office products and services. Numeric Investors LLC now owns 3,936,300 shares of the company's stock valued at $17,792,000 after buying an additional 3,887,100 shares during the period. The stock was sold at an average price of $4.73, for a total value of $39,661.05. The Insider Ownership of the company now is 1.4 percent, and Institutional Ownership is 92.2 percent. The stock now shows its YTD (Year to Date) performance of -7.74 percent while its Weekly performance value is -10.9%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Finally, LS Investment Advisors LLC boosted its position in shares of Office Depot by 15.8% in the third quarter. Office Depot, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & Chief Strategy Officer Johansson Juliet has sold 8,385 shares of Office Depot, Inc. Schwab Charles Investment Management Inc. now owns 2,331,203 shares of the company's stock worth $7,717,000 after buying an additional 551,949 shares during the last quarter. (NASDAQ:ODP) reported its EPS in the last quarter as $0.16/Share beating the analyst estimate of $0.15/Share by the difference of $0.01. The last quarter cash dividend per share pay out was $0.03. Legal & General Group Plc boosted its stake in shares of Office Depot by 52.0% in the second quarter. The corporation has a market cap of US$2.59 Billion. Alliancebernstein L.P. increased its stake in Office Depot by 23.8% in the fourth quarter. Metropolitan Life Insurance Co. This Company belongs to Retail-Wholesale sector. As the largest seller of office products around the world, the Company operates under the Office Depot, Viking Office Products, Viking Direct and 4Sure.com brand names.

Active Volume Stock: Office Depot, Inc. (NASDAQ:ODP)