Stephens Inc. AR decreased its position in Office Depot, Inc. (NASDAQ:ODP) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,582 shares of the specialty retailer’s stock after selling 25,989 shares during the quarter. Stephens Inc. AR’s holdings in Office Depot were worth $811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ODP. Teachers Retirement System of The State of Kentucky increased its position in shares of Office Depot by 13.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 126,483 shares of the specialty retailer’s stock worth $590,000 after acquiring an additional 14,760 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Office Depot during the second quarter worth $132,000. Bank of Montreal Can increased its position in shares of Office Depot by 2,540.9% during the second quarter. Bank of Montreal Can now owns 1,363,165 shares of the specialty retailer’s stock worth $7,688,000 after acquiring an additional 1,311,548 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Office Depot during the second quarter worth $411,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Office Depot by 4.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 198,012 shares of the specialty retailer’s stock worth $1,117,000 after acquiring an additional 8,015 shares during the period. 92.37% of the stock is currently owned by institutional investors.

In related news, insider Michael R. Allison sold 360,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $3.83, for a total transaction of $1,378,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.43% of the company’s stock.

Shares of Office Depot, Inc. (NASDAQ:ODP) opened at $3.25 on Friday. Office Depot, Inc. has a 12-month low of $2.97 and a 12-month high of $6.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.52. The firm has a market capitalization of $1,677.38, a price-to-earnings ratio of 6.91, a PEG ratio of 1.02 and a beta of 2.82.

Office Depot (NASDAQ:ODP) last issued its earnings results on Thursday, November 9th. The specialty retailer reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.61 billion. Office Depot had a net margin of 3.00% and a return on equity of 12.86%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. research analysts forecast that Office Depot, Inc. will post 0.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.08%. Office Depot’s payout ratio is currently 16.95%.

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A number of analysts have recently weighed in on ODP shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.15 price objective (down previously from $5.00) on shares of Office Depot in a research report on Friday, October 6th. BidaskClub raised Office Depot from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. J P Morgan Chase & Co lowered Office Depot from a “neutral” rating to an “underweight” rating in a research report on Monday, October 30th. Zacks Investment Research lowered Office Depot from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, ValuEngine lowered Office Depot from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.08.

Office Depot Profile

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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