Economy

ANTIPODES PARTNERS Ltd Purchases 1112839 Shares of Office Depot, Inc. (ODP)

Alliancebernstein L.P. reduced its position in Office Depot, Inc.

Office Depot Cmn (NASDAQ:ODP) now has a trailing P/E of 4.98 while its forward P/E according to Thomson Reuters is 10.22.

Office Depot on Monday announced a a new loyalty program with expanded benefits, dubbed "Office Depot OfficeMax Rewards Everything".

ODP's fiscal year ends Dec 31, 2016 and the most recent quarter started on April 1, 2017. 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 during the last quarter. Gotham Asset Management LLC now owns 3,265,817 shares of the specialty retailer's stock valued at $15,235,000 after buying an additional 1,525,017 shares during the last quarter.

13 analysts on average are expecting Office Depot, Inc.to report earnings of $0.17 per share for the current quarter. (NASDAQ:ODP) stock have an ABR of 2.75. Credit Agricole S A acquired a new stake in Office Depot during the fourth quarter valued at about $149,000. Dimensional Fund Advisors LP now owns 28,351,548 shares of the specialty retailer's stock worth $132,259,000 after buying an additional 6,324,791 shares during the period. The share last price represents downtick move of -3.12% in value from company's 52-Week high price and shows 85.71% above change in value from its 52-Week low price. (ODP) opened at 5.59 on Tuesday. (ODP)'s latest closing price distance was at 19.96% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 3.94% and -1.13% compared with the 20 Day Moving Average. Past 5 years growth of Office Depot Cmn (NASDAQ:ODP) observed at 22.59%, looking forward for the next 5 years it has a strong prediction of 10.95% over growth. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04.

Office Depot Cmn (NASDAQ:ODP)'s revenue estimates for the current quarter are $2.44 Billion according to 10 number of analysts, for the current quarter the company has high revenue estimates of $2.51 Billion in contradiction of low revenue estimates of $2.41 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. Office Depot's quarterly revenue was down 7.0% compared to the same quarter a year ago. During the same quarter in the previous year, the firm earned $0.10 earnings per share.

The average 1-year price target for CSX Corporation (CSX) - averaging the work of different analysts - reveals a mean PT of $58.32/share. The ex-dividend date of this dividend was Tuesday, May 23rd.

CSX Corporation (NASDAQ:CSX) shares were trading lower by -1.37 percent ($-0.75) at $54.14 a piece in Tuesday's session.

05/10/2017 - Office Depot, Inc. had its " rating reiterated by analysts at Telsey Advisory Group.

05/11/2016 - Office Depot, Inc. had its " rating reiterated by analysts at Wells Fargo. "(ODP)" was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of US & worldwide trademark & copyright laws. Office Depot, Inc. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 5.11 and a beta of 2.97. BidaskClub raised shares of Office Depot from a "hold" rating to a "buy" rating in a research note on Saturday, June 10th. Jefferies Group LLC reaffirmed a "hold" rating and issued a $5.00 price objective (up previously from $4.50) on shares of Office Depot in a research note on Wednesday, May 10th. Zacks Investment Research downgraded Office Depot from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Zacks Investment Research raised Office Depot from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a research report on Wednesday, May 10th. The stock has a consensus rating of "Hold" and an average price target of $5.12.

Office Depot, Inc. (NASDAQ:ODP) has risen 21.90% since January and is down -2.65% for the past week. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Following the completion of the transaction, the insider now owns 763,691 shares of the company's stock, valued at $3,879,550.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. However the six-month change in the insider ownership was recorded -2.75%, as well as three-month change in the institutional ownership was recorded -0.07%.

Aberdeen Asset Public Limited Co Uk has invested 0% of its portfolio in Office Depot Inc (NASDAQ:ODP). The Company's divisions include North American Retail Division and North American Business Solutions Division. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture.



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