Today Analysts Focus on Groupon, Inc. (GRPN), Office Depot, Inc. (ODP)

Office Depot, Inc. (NASDAQ:ODP) yearly performance is -16.88% and net profit margin is 2.40%. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.

Separately, Zacks Investment Research upgraded shares of Office Depot from a "hold" rating to a "buy" rating and set a $5.50 target price for the company in a research note on Monday, November 28th. Office Depot has a 12 month low of $3.01 and a 12 month high of $7.91.

In the last trading session, The Company traded 4.11 Million shares. (NASDAQ:ODP) to Sell by settling a price target of $3.1 on 8/04/16. 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 cap of $2.55 billion, a P/E ratio of 8.56 and a beta of 3.26.

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, March 1st. The Relative Volume value measured for Office Depot, Inc.




This news story was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark law. Telsey Advisory Group Downgrades Office Depot, Inc. Price per earning (ttm) stands at 4.08. Following the completion of the transaction, the executive vice president now owns 234,782 shares in the company, valued at approximately $1,110,518.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The stock now shows its YTD (Year to Date) performance of -7.74 percent while its Weekly performance value is -10.9%.

Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its stake in Office Depot by 11.4% in the third quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Office Depot by 31.0% in the second quarter. Sales at Lowe's stores open more than 13 months rose 5.1 percent in the fourth quarter ended February 3, above the average estimate of a rise of 2.2 percent, according to analysts polled by research firm Consensus Metrix. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.01. That is compared with the $0.07 in EPS it reported during the same period a year ago. Loop Capital's target price would suggest a potential upside of 12.36% from the stock's current price. ANTIPODES PARTNERS Ltd bought a new stake in Office Depot during the fourth quarter valued at about $37,593,000. Metropolitan Life Insurance Co. The last session's volume of 2.05 million shares was higher than its average volume of 1.74 million shares.

The company had annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in North America and overseas with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization - with a global network of wholly owned operations, franchisees, licensees and alliance partners. 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.

(Copyright © 2015. All Rights Reserved.)
 
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