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NASDAQ:ODP

ODP (ODP) Stock Price, News & Analysis

$29.43
+0.63 (+2.19%)
(As of 08/21/2024 ET)
Today's Range
$29.27
$29.89
50-Day Range
$24.56
$42.42
52-Week Range
$23.69
$58.98
Volume
556,996 shs
Average Volume
432,787 shs
Market Capitalization
$1.06 billion
P/E Ratio
14.22
Dividend Yield
N/A
Price Target
$47.50

ODP MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
61.4% Upside
$47.50 Price Target
Short Interest
Bearish
11.66% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.16mentions of ODP in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$99,859 Bought Last Quarter
Proj. Earnings Growth
53.61%
From $4.29 to $6.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Retail/Wholesale Sector

9th out of 193 stocks

Miscellaneous Shopping Goods Stores Industry

1st out of 7 stocks

ODP stock logo

About ODP Stock (NASDAQ:ODP)

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division offers adjacency products, including cleaning, janitorial, and breakroom supplies, office furniture, technology products; and copy and print services through sales force, catalogs, telesales, and through Internet websites. This segment also engages in office supply distribution business. The Office Depot division sells office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture; and offers business services, including copying, printing, digital imaging, mailing, shipping, and technology support services through a fully integrated omni-channel platform of 980 Office Depot and OfficeMax retail stores, and through www.officedepot.com. The Veyer division engages in supply chain, distribution, procurement, and global sourcing operations. The Varis division operates tech-enabled B2B indirect procurement marketplace, where buyers and suppliers to transact through the platform's consumer-like buying experience, advanced spend management tools, network of suppliers, and technology capabilities. The company offers its products under various brands, including Office Depot, OfficeMax, and Grand&Toy, as well as others. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida.

ODP Stock Price History

ODP Stock News Headlines

Air Force quietly working with sub $10 stock on new tech
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
ODP Sep 2024 39.000 put (ODP240920P00039000)
ODP Sep 2024 48.000 call (ODP240920C00048000)
CFO of Office Depot parent company steps down
ODP CFO Anthony Scaglione To Step Down
Air Force quietly working with sub $10 stock on new tech
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
ODP (NASDAQ:ODP) PT Lowered to $30.00 at UBS Group
See More Headlines
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Company Calendar

Last Earnings
8/07/2024
Today
8/22/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous shopping goods stores
Sub-Industry
Specialty Stores
Current Symbol
NASDAQ:ODP
CUSIP
67622010
Employees
20,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$47.50
High Stock Price Target
$65.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+61.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$139 million
Pretax Margin
0.80%

Debt

Sales & Book Value

Annual Sales
$7.40 billion
Cash Flow
$10.62 per share
Book Value
$26.59 per share

Miscellaneous

Free Float
34,603,000
Market Cap
$1.06 billion
Optionable
Optionable
Beta
1.59

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Key Executives


ODP Stock Analysis - Frequently Asked Questions

How have ODP shares performed this year?

ODP's stock was trading at $56.30 at the start of the year. Since then, ODP shares have decreased by 47.7% and is now trading at $29.43.
View the best growth stocks for 2024 here
.

How were ODP's earnings last quarter?

The ODP Co. (NASDAQ:ODP) announced its earnings results on Wednesday, August, 7th. The specialty retailer reported $0.56 earnings per share for the quarter, missing the consensus estimate of $1.20 by $0.64. The business's revenue was down 10.0% on a year-over-year basis.

When did ODP's stock split?

ODP's stock reverse split before market open on Wednesday, July 1st 2020. The 1-10 reverse split was announced on Friday, June 26th 2020. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How will ODP's stock buyback program work?

ODP's board approved a stock buyback program on Wednesday, February 28th 2024, which allows the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 48.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

What is Gerry Smith's approval rating as ODP's CEO?

720 employees have rated ODP Chief Executive Officer Gerry Smith on Glassdoor.com. Gerry Smith has an approval rating of 37% among the company's employees. This puts Gerry Smith in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Does ODP have any subsidiaries?

ODP subsidiaries include BuyerQuest Holdings Inc, Complete Office Solutions, CompuCom, Office Max, AsiaEC.com, Papirius, Allied Building Products, and more.

Who are ODP's major shareholders?

Top institutional shareholders of ODP include Dimensional Fund Advisors LP (8.30%), DME Capital Management LP (6.19%), LSV Asset Management (4.88%) and American Century Companies Inc. (2.32%). Insiders that own company stock include Gerry P Smith, Diego Anthony Scaglione, Kevin Moffitt, John Gannfors, Zoe Maloney, Wendy Lee Schoppert and N David Bleisch.
View institutional ownership trends
.

How do I buy shares of ODP?

Shares of ODP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ODP own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ODP investors own include Bank of America (BAC), AT&T (T), Ford Motor (F), General Electric (GE), Intel (INTC), Warren Resources (WRESQ).

This page (NASDAQ:ODP) was last updated on 8/22/2024 by MarketBeat.com Staff

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