Economy

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 https://www.dispatchtribunal.com/2017/10/27/office-depot-inc-odp-insider-michael-r-allison-sells-360000-shares.html.

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

Latest


28 October 2017
Hot Stock Overview: Yamana Gold, Inc. (AUY)
If you are viewing this story on another site, it was stolen and republished in violation of global copyright and trademark law. Virtu Financial LLC purchased a new stake in Yamana Gold in the 2nd quarter valued at $107,000. (NYSE: AUY ) high level.

28 October 2017
Zlatan Ibrahimovic: Manchester United ace discusses return, provides ANOTHER classic quote
Ibrahimovic was released by the club in the summer after the expiration of the one-year deal he signed in 2016. And, in true Zlatan fashion, he also said he could walk on water - if he wanted to, that is.

28 October 2017
Adam Lanza Threatened Sandy Hook Massacre Years in Advance
Lanza told the woman he believed he could be "asexual" and that he was sexually attracted to one or two people during his life. Lanza felt "pity for children" and thought they were "brainwashed" by "controlling" adults like teachers and parents.

28 October 2017
Time Warner Inc. (TWX) Earns "Hold" Rating from Cowen and Company
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Media and entertainment company Time Warner Inc (NYSE:TWX) had a good story to tell in its third quarter earnings statement.

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
Man arrested for setting Bear Creek Fire
Deputies had stopped him on a local roadway, riding the bike, wearing the clothes and carrying a backpack containing the jewelry. Cabibi posted on her Facebook page prior to Friday's announcement that she already believed fire was started intentionally.

28 October 2017
Ron Johnson: GOP Congress shouldn't curtail 401(k) savings
Indeed, few people consider themselves wealthy even when they bring in far more than the median U.S. household income of $59,000. So even the lowest wage levels of 401 (k) contributors would be impacted by the $2,400 cap, EBRI said in a statement this week.

28 October 2017
Rihanna Pays Homage to Queen Nefertiti on 'Vogue Arabia' Covers!
She has a tiny tattoo of the queen on her rib cage - right next to her signature breast plate tat. Rihanna gets regal as she channels Queen Nefertiti on the cover of Vogue Arabia's November issue.

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.



Recommended