Insider Buying: Office Depot Director Acquires 2,162,413 Shares of Stock (ODP)

Share on StockTwits

Office Depot (NYSE:ODP) Director Jeffrey C. Smith purchased 2,162,413 shares of Office Depot stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $4.59 per share, with a total value of $9,925,475.67. Following the completion of the acquisition, the director now directly owns 21,084 shares of the company’s stock, valued at approximately $96,776. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ODP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Office Depot from a “neutral” rating to an “underperform” rating in a research note on Friday, February 28th. They now have a $4.50 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Office Depot from $4.00 to $5.00 in a research note on Thursday, February 27th. They now have a “hold” rating on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of Office Depot from $7.00 to $6.00 in a research note on Wednesday, February 26th. They now have a “not rated” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Office Depot currently has a consensus rating of “Hold” and a consensus target price of $5.83.

Shares of Office Depot (NYSE:ODP) traded down 1.52% on Tuesday, hitting $4.54. The stock had a trading volume of 6,060,978 shares. Office Depot has a 1-year low of $3.55 and a 1-year high of $5.85. The stock’s 50-day moving average is $4.97 and its 200-day moving average is $5.00. The company’s market cap is $2.417 billion.

Office Depot (NYSE:ODP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.06. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $4.09 billion. On average, analysts predict that Office Depot will post $0.12 earnings per share for the current fiscal year.

Office Depot, Inc (NYSE:ODP) is a global supplier of office products and services.

Receive News & Ratings for Office Depot Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Depot Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Lam Research Co.  Releases Q2 Earnings Guidance
Lam Research Co. Releases Q2 Earnings Guidance
Barrick Gold Sets New 12-Month Low at $13.39
Barrick Gold Sets New 12-Month Low at $13.39
IBERIABANK Corp  Releases FY14 Earnings Guidance
IBERIABANK Corp Releases FY14 Earnings Guidance
The Cheesecake Factory Incorporated  Issues Q4 Earnings Guidance
The Cheesecake Factory Incorporated Issues Q4 Earnings Guidance
Oak Valley Bancorp  Releases Quarterly Earnings
Oak Valley Bancorp Releases Quarterly Earnings
Koss Corp  Releases Quarterly Earnings
Koss Corp Releases Quarterly Earnings


Leave a Reply

 
Advertisement
Advertisement
© 2006-2014 Mideast Time.