Office Depot, Inc. (NASDAQ:ODP) Insider Michael R. Allison Sells 360000 Shares

The stock tapped a 52-week high of US$105.7 while the mean 12-month price target for the shares is US$83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Office Depot (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, August 9th. Its beta value stands at 2.87. Volume levels waned and ODP actually managed a declined which translated to 2.85 million shares changing hands on the day. The company's 50 day moving average price is $4.14 and its 200 day moving average price is $4.90. The stock's 52-week range is $3.01 to $6.26, and its 3-month range is $3.63 to $6.26. (NASDAQ:ODP) by 55.4% during the second quarter, Holdings Channel reports. After $0.12 actual earnings per share reported by InnerWorkings, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth. Office Depot had a net margin of 0.89% and a return on equity of 4.29%. The business's revenue was down 8.5% on a year-over-year basis. Current market cap is $1.92B and the stock has an EPS of $0.89.

Office Depot, Inc. (ODP)'s earnings per share has been growing at a 36.3 percent rate over the past 5 year when average revenue increase was noted as -0.8 percent.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & worldwide trademark & copyright laws. The original version of this story can be read at

A number of equities analysts have recently weighed in on ODP shares. Out of the analyst recommendations 1 rate Office Depot Cmn (NASDAQ:ODP) stock a Buy, 0 rate the stock Outperform, 7 rate Hold, 0 rate Underperform and 1 recommend a Sell. Loop Capital reissued a "hold" rating and issued a $5.00 price objective on shares of Office Depot in a report on Wednesday, July 12th. Ahl Prtn Ltd Liability Partnership holds 0.05% of its portfolio in Office Depot Inc (NASDAQ:ODP) for 411,875 shares. BidaskClub lowered shares of Office Depot from a "hold" rating to a "sell" rating in a research note on Friday, September 22nd. Bank of America Corporation reaffirmed a "buy" rating and set a $6.00 target price on shares of Office Depot in a report on Tuesday, September 5th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock.

Currently, the stock carries a price to earnings ratio of 19.63, a price to book ratio of 3.65, and a price to sales ratio of 1.53.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Office Depot by 15,485.9% in the first quarter. Accern also assigned press coverage about the specialty retailer an impact score of 45.9431331164693 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Principal Financial Group Inc. reduced its position in shares of Office Depot Inc. Vanguard Group Inc. now owns 44,341,527 shares of the specialty retailer's stock valued at $250,086,000 after purchasing an additional 1,286,833 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Office Depot by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 34,029,233 shares of the specialty retailer's stock worth $191,925,000 after purchasing an additional 5,677,685 shares in the last quarter. State Street Corp lifted its stake in shares of Office Depot by 2.1% in the 2nd quarter. Prudential Financial Inc. now owns 9,999,340 shares of the specialty retailer's stock worth $56,396,000 after purchasing an additional 4,192,720 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Office Depot by 7.5% during the second quarter. Northern Trust Corp now owns 13,355,039 shares of the specialty retailer's stock valued at $75,322,000 after purchasing an additional 932,852 shares during the period.

Office Depot, Inc. provides a selection of services and products to clients and businesses of various sizes.

Like this


28 October 2017
Macquarie Reiterates "Buy" Rating for Alibaba Group Holding Limited (BABA)
Ipg Investment Advisors Llc decreased Bp Plc Spons Adr (NYSE:BP) stake by 200 shares to 6,150 valued at $213.10M in 2017Q2. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

28 October 2017
Jaguars trade for Buffalo DT Marcell Dareus
The Bills are sending defensive tackle Marcell Dareus to the Jaguars, Buffalo announced Friday. His coach those two seasons in Buffalo was Doug Marrone, who is Jacksonville's coach now.

28 October 2017
Important metrics that needs attention before buying this stock: Aetna Inc. (AET)
The Firm has ATR of 4.42 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. Aetna has PE ratio of 39.64 with a one year low of $104.59 and a one year high of $184.98 and has a total market value of $0.

28 October 2017
LeBron James wishes "Young King" Lonzo Ball happy birthday
For Lonzo Ball's 20th birthday Friday, Ball's fellow rookies serenaded him with "Happy Birthday" - the Stevie Wonder version. The two combined for 15 points in the fourth quarter and helped the Lakers fight their way back into the game.

28 October 2017
LifePoint Health, Inc. (LPNT) Coverage Initiated at BMO Capital Markets
BidaskClub lowered shares of LifePoint Health from a hold rating to a sell rating in a research note on Tuesday, August 1st. They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin.

28 October 2017
Huge fee increases proposed for most popular United States national parks
The cost for people entering the park on foot or on bike could be $30, up from $10 to $15. Secretary of the Interior Ryan Zinke said in a statement released by the NPS on Tuesday.

28 October 2017
NYPD officers indicted on sexual assault charges, sources say
The Brooklyn District Attorney's office found this description of how a rape survivor should behave to be "inaccurate" and "demeaning".

28 October 2017
Kellyanne Conway Interrupts Interview To Say Hi To A Squirrel
During a discussion about Fusion GPS's Trump/Russia dossier, Camerota asked the former campaign manager about the news that Cambridge Analytica tried reaching out to Wikileaks a year ago for help in recovering Hillary Clinton's deleted emails.

28 October 2017
Tillerson in India to highlight USA strategy in South Asia
During his visit, he met Prime Minister Haider al-Abadi, who accused the former of interfering in Iraqi affairs. Both promised to work closely on matters of security and to enhance defense and economic cooperation.

28 October 2017
Microsoft, Alphabet hit all-time highs after Q3 earnings beats
The S&P rose 20.67 points, or 0.8%, to 2,581, while the Dow Jones industrial average rose 33.3 points, or 0.14%, to 23,434.19. On Friday, the Commerce Department reported stronger-than-expected 3% growth in the third quarter, adding to market optimism.