New York State Common Retirement Fund boosted its holdings in Office Depot, Inc. (NASDAQ:ODP) by 116.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,601,281 shares of the specialty retailer’s stock after acquiring an additional 861,570 shares during the quarter. New York State Common Retirement Fund owned about 0.31% of Office Depot worth $9,031,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in Office Depot by 33.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 21,600 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 5,400 shares in the last quarter. Pacad Investment Ltd. raised its position in Office Depot by 1,292.3% in the second quarter. Pacad Investment Ltd. now owns 18,100 shares of the specialty retailer’s stock worth $102,000 after acquiring an additional 16,800 shares in the last quarter. Eagle Global Advisors LLC purchased a new position in Office Depot in the second quarter worth $103,000. PNC Financial Services Group Inc. raised its position in Office Depot by 13.4% in the second quarter. PNC Financial Services Group Inc. now owns 18,514 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 2,187 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in Office Depot in the second quarter worth $109,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.

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Office Depot, Inc. (ODP) opened at 3.94 on Monday. The stock has a market cap of $2.04 billion, a PE ratio of 5.10 and a beta of 2.89. Office Depot, Inc. has a 12 month low of $3.01 and a 12 month high of $6.26. The stock has a 50 day moving average price of $4.29 and a 200-day moving average price of $4.98.

Office Depot (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, August 9th. The specialty retailer reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.44 billion. Office Depot had a net margin of 2.49% and a return on equity of 13.97%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, analysts expect that Office Depot, Inc. will post $0.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.025 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.10 annualized dividend and a dividend yield of 2.54%. Office Depot’s dividend payout ratio (DPR) is 20.00%.

ODP has been the subject of several research analyst reports. Bank of America Corporation reiterated a “buy” rating and issued a $6.00 price objective on shares of Office Depot in a research report on Tuesday, September 5th. ValuEngine cut Office Depot from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $5.00 price objective (down previously from $5.75) on shares of Office Depot in a research report on Thursday, August 10th. BidaskClub cut Office Depot from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Loop Capital reiterated a “hold” rating and issued a $5.00 price objective on shares of Office Depot in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Office Depot currently has an average rating of “Hold” and an average target price of $5.08.

About Office Depot

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

Institutional Ownership by Quarter for Office Depot (NASDAQ:ODP)

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