Today's Brokerage Rating: Apple Inc. (AAPL), Office Depot, Inc. (ODP)

The firm said revenue in 2017 is expected to be lower than in 2016

Several research analysts have recently weighed in on ODP shares.

Office Depot, Inc. was covered by a number of analysts recently, 1 rated the stock as Buy, 0 rated Outperform, 9 rated Hold, 0 gave an Underperform and 1 rated sell. Oppenheimer Holdings, Inc. restated a hold rating on shares of Office Depot in a report on Tuesday, May 9th. Finally, Zacks Investment Research lowered shares of Office Depot from a buy rating to a hold rating in a report on Tuesday, July 11th. Eight analysts have rated the stock with a hold rating, The company now has an average rating of "Hold" and a consensus price target of $5.12. Analysts have placed a $5.23 price target on Office Depot, Inc., suggesting a -14.4% decline from recent close.

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.

Allison Michael R on 2017-05-16 Sell 66217 shares of the company at a price of $5.08.

Analysts are also projecting an Average Revenue Estimate for Office Depot, Inc.as $2.44 Million in the Current Quarter. Previously Office Depot Cmn (NASDAQ:ODP) reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $-0.02 with surprise factor of -25%. Office Depot had a net margin of 3.93% and a return on equity of 13.39%.

Total sales for the quarter ended July 1 was $2.4 billion, down from sales of $2.6 billion. Office Depot's quarterly revenue was down 8.5% compared to the same quarter previous year.

Office Depot, Inc. had its "hold" rating reiterated by analysts at Loop Capital. "(ODP)" was reported by BNB Daily and is owned by of BNB Daily. If you are viewing this story on another publication, it was illegally copied and republished in violation of USA & worldwide trademark & copyright law. The correct version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/09/thrivent-financial-for-lutherans-raises-position-in-office-depot-inc-odp-updated-updated.html.

On 8/9/2017 announced a quarterly dividend of $0.03 with an ex dividend date of which will be payable on 8/25/2017.

Since February 21, 2017, it had 0 insider purchases, and 2 sales for $1.53 million activity. Office Depot's payout ratio is 12.05%. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Following the sale, the insider now directly owns 763,691 shares of the company's stock, valued at $3,879,550.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. These holdings make up 87.49% of the company's outstanding shares.

Other large investors also recently added to or reduced their stakes in the company. LSV Asset Management increased its position in shares of Office Depot by 125.9% in the second quarter.

The company declined -0.97% and closed its last trading session at $6.17. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Office Depot by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 687,801 shares of the specialty retailer's stock valued at $3,109,000 after buying an additional 119,656 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Office Depot by 11.8% in the second quarter. $20,439 worth of stock was sold by Calkins Stephen R on Saturday, March 4. Pacad Investment Ltd. increased its stake in Office Depot by 1,292.3% in the second quarter. Institutional investors and hedge funds own 93.46% of the company's stock. The stock spiked 9.3% last month and is up 35.18 this year.

So for now, Office Depot is trying to catch up however it can, focusing on improving its delivery from store and in-store pickup services, reviving its classic "Taking Care of Business' ad campaign and increasing its product assortment". The Company's segments 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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