Vident Investment Advisory LLC Invests $2.59 Million in Office Depot Inc (ODP)
- Author: Zachary Reyes May 30, 2017,
May 30, 2017, 12:32
10 number of analysts have estimated the sales of the company for the quarter ending Aug 1, 2017- Aug 7, 2017, analysts estimated mean sale target of 2675.2 million while high and low sale targets are estimated at 2753.4 million and 2602 million respectively. Hedge funds and other institutional investors own 94.05% of the company's stock. California Public Employees Retirement System boosted its position in Office Depot by 12.5% in the third quarter. Paloma Partners Management Co raised its position in shares of Office Depot by 131.3% in the first quarter. The Return on Equity (ROE) value stands at 0%. BlackRock Advisors LLC now owns 288,413 shares of the specialty retailer's stock valued at $1,030,000 after buying an additional 26,804 shares in the last quarter. Paloma Partners Management Co now owns 167,964 shares of the specialty retailer's stock valued at $783,000 after buying an additional 95,336 shares during the last quarter.
Office Depot, Inc. (ODP) has an annual dividend of $0.1, while its annual dividend yield is 2.01%. Century Capital Mgmt Ltd Liability Com accumulated 149,516 shares or 0.09% of the stock.
The (Simple Month Average) SMA20 is at -0.62 percent, its SMA50 Value is 3.72% and SMA200 value is reported as 16.83 Percent. The company has a market cap of $2.60 billion, a P/E ratio of 4.544 and a beta of 3.26. The stock of Office Depot Inc (NASDAQ:ODP) earned "Hold" rating by Loop Capital on Tuesday, December 13. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.04.
Among 8 analysts covering Office Depot (NASDAQ:ODP), 3 have Buy rating, 2 Sell and 3 Hold.
The company's expected revenue in the current quarter to be 2.44 Billion, seeing a projected current quarter growth of 166.7%, and per annum growth estimates over the next 5 year period of around 10.95%. For the next fiscal year, analysts anticipate that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.46 to $0.66. The company's revenue was down 7.0% on a year-over-year basis. Year to date Office Depot, Inc.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th.
Gemmer Asset Limited Liability Corp owns 1,449 shares or 0% of their USA portfolio. Telsey Advisory Group maintained Office Depot Inc (NASDAQ:ODP) rating on Friday, October 28.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and global trademark and copyright laws. Analysts are forecasting Office Depot, Inc.to report revenue of about $2.44B, versus the $3.22B posted previous year.
ODP has been the topic of a number of research analyst reports. Office Depot, Inc. P/E (price to earnings) ratio is 3.93 and Forward P/E ratio of 9.33. Telsey Advisory Group upped their target price on shares of Office Depot from $4.40 to $5.25 and gave the company a "market perform" rating in a report on Wednesday, May 10th. Finally, Oppenheimer Holdings Inc. restated a "hold" rating on shares of Office Depot in a research note on Tuesday, May 9th. Principal Fincl Gp Incorporated has invested 0.01% in Office Depot Inc (NASDAQ:ODP). This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
The Relative Volume of the company is 1.28 and Average Volume (3 months) is 5.72 million. 15,436 shares were sold by Calkins Stephen R, worth $71,500 on Monday, March 20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael R. Allison sold 66,217 shares of the firm's stock in a transaction that occurred on Tuesday, May 16th. (RS) declined -0.11% and its total traded volume was 0.52 million shares contrast to the average volume of 0.56 million shares. Following the completion of the transaction, the chairman now owns 84,534 shares in the company, valued at $397,309.80. The disclosure for this purchase can be found here. The latest reports which are outstanding on Thursday 25th of May state 1 analyst has a rating of "strong buy", 0 analysts "buy", 12 analysts "neutral", 0 analysts "sell" and 1 analysts "strong sell".
About Office Depot Office Depot, Inc provides a selection of products and services to consumers and businesses of various sizes.