A Wonderful Company At A Fair Price Office Depot, Inc. (ODP)

Office Depot, Inc. (NASDAQ:ODP) stock is presently standing at about $5.66 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $5.35, which suggests the stock could still rise over -6 percent. The highest analyst price target is $6.50, which implies a rally of 85 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 1 rate ODP a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.

Loop Capital analysts provided their view on Office Depot, Inc. (NASDAQ:ODP) recently. The rating firm issued a Hold rating to this company in a research note released on Dec 13, 2016. UBS analysts disclosed their opinion on Office Depot, Inc. (NASDAQ:ODP) recently. The rating firm gave a Sell rating to this stock in a research note published on May 11, 2016. According to a research note disclosed on May 11, 2016, analysts at Jefferies have lowered their rating on these shares from Buy to Hold.

Office Depot, Inc. (NASDAQ:ODP) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Chief Administrative Officer Allison Michael R Sold 697,474 company shares for 336,449, in a transaction on May 16. Following the transaction, the Chief Administrative Officer is left with a stake of 66,217 shares, currently valued at $374,788. Meanwhile, EVP, Chief Operating Officer RICE TROY sold 358,187 shares worth $385,059, through a transaction dated May 15. Following the completion of the transaction, the insider is left with a stake of 74,000 shares, amounting $418,840. ODP EVP, Supply Chain Beauchamp Timothy J also sold 125,527 shares, at a stock price of $4.96. This transaction occurred on May 12 totals $127,467. After this transaction, the insider’s stake stands at 25,725 shares, with a market value of $145,604.

Executives hold 4.48 percent of the stock. BLACKROCK INC. is one of the biggest insider owners in Office Depot, Inc. (NASDAQ:ODP), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 54,498,187 shares which have current market value of around $308,459,738.HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC is another major inside shareholder in the company. The insider owns 46,528,941 shares as of 03/31/2017, currently worth $263,353,806. VANGUARD GROUP INC is ranked as third insider holder of the stock. This insider holds 43,054,694 shares with a market value around $243,689,568 as of recent close.

Office Depot, Inc. (NASDAQ:ODP) Earnings Outlook

In Office Depot, Inc. (NASDAQ:ODP)’s latest quarter, EPS moved to $0.16 from $0.11 in preceding quarter and revenues reached at $2,676.00M compared to $2,725.00M. Analysts had expected Office Depot, Inc. (NASDAQ:ODP) to post net income of about $0.12 per share on $2,709.21M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $0.15 to $0.19. That is compared with the $0.03 in EPS it reported during the same period a year ago.