Stock Alert: Office Depot, Inc. (NASDAQ:ODP)

The company had annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in North America and overseas with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization - with a global network of wholly owned operations, franchisees, licensees and alliance partners. LS Investment Advisors LLC now owns 35,548 shares of the company's stock valued at $127,000 after buying an additional 4,843 shares during the last quarter. The day began at US$3.32 but the price moved to US$3.29 at one point during the trading and finally capitulating to a session high of US$4.24. The stock now has a consensus rating of "Hold" and an average target price of $5.39.

Separately, Zacks Investment Research upgraded shares of Office Depot from a "hold" rating to a "buy" rating and set a $5.50 target price for the company in a research note on Monday, November 28th. MA ended last trade at $4.26 a share and the price is up more than 28.31% so far this year. Analyst's mean target price for LOW is $81.35 while analysts mean recommendation is 2.20.

Office Depot Inc. said it doesn't anticipate sales growth this year as the office-supplies retailer reported its top line fell 2% in the fourth quarter. The stock witnessed 9.28% gains, -0.21% declines and 31.6% gains for the 1-month, 3-month and 6-month period, respectively. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

Loop Capital analysts provided their view on Office Depot, Inc.

Office Depot, Inc. (NASDAQ:ODP), stock is trading $7.81 above the 52-week high and has displayed a high EPS growth of 15.40% in last 5 years. Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.1. According to their observations and findings, the stock could provide a high EPS of $0.08/share and a Low EPS of $0.04/share. The last quarter cash dividend per share pay out was $0.03.

Office Depot, now showing 0% EPS growth this year. In the last Quarter, ODP reported a surprise Earnings per Share of 6.67%. While revenue estimates for the current year is $12.06B, Office Depot Inc (NASDAQ:ODP) setting the highest revenues estimates of $12.49B and indicating lowest revenues at $10.91B according to agreement of 11 number of analysts. The company had revenue of $2836.00 million for the quarter, compared to analysts expectations of $3491.85 million. The year ago sales the company reported in the same quarter is 3.48 Billion. The stock now shows its YTD (Year to Date) performance of -7.74 percent while its Weekly performance value is -10.9%. The company rocked its 52-Week High of $7.91 on April 7, 2016 and touched its 52-Week Low of $3.01 on Nov 1, 2016. 25, 2016, the shares were bought at an average price of $3.47, giving away a sum of $49,506. The total market capitalization remained at $2.32 billion. The Weekly and Monthly Volatility stands at 7.29% and 4.25%. Price per earning (ttm) stands at 4.08.

In the past 5 years, the stock showed growth of 22.56% per annum. The next year's growth is calculated to be 12.2 percent.

  • Fernando Stephens