Office Depot, Inc. (ODP) Shares Bought by Advantus Capital Management Inc

Advantus Capital Management Inc raised its stake in Office Depot, Inc. (NASDAQ:ODP) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 65,917 shares of the specialty retailer’s stock after buying an additional 247 shares during the period. Advantus Capital Management Inc’s holdings in Office Depot were worth $308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Elkfork Partners LLC purchased a new position in Office Depot during the fourth quarter worth $105,000. Ellington Management Group LLC purchased a new position in Office Depot during the fourth quarter worth $112,000. Envestnet Asset Management Inc. boosted its position in Office Depot by 8.2% in the first quarter. Envestnet Asset Management Inc. now owns 25,558 shares of the specialty retailer’s stock worth $119,000 after buying an additional 1,927 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Office Depot by 19.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,787 shares of the specialty retailer’s stock worth $120,000 after buying an additional 4,202 shares during the period. Finally, Ronald Blue & Co. LLC purchased a new position in Office Depot during the first quarter worth $120,000. Institutional investors and hedge funds own 91.73% of the company’s stock.

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

Shares of Office Depot, Inc. (NASDAQ:ODP) opened at 5.60 on Monday. Office Depot, Inc. has a 52 week low of $3.01 and a 52 week high of $5.70. The firm has a 50-day moving average of $5.21 and a 200 day moving average of $4.79. The stock has a market cap of $2.89 billion, a PE ratio of 5.05 and a beta of 2.91.

Office Depot (NASDAQ:ODP) last posted its quarterly earnings data on Tuesday, May 9th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. Office Depot had a net margin of 3.93% and a return on equity of 13.39%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. On average, equities analysts forecast that Office Depot, Inc. will post $0.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, May 23rd. Office Depot’s payout ratio is 12.05%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Mideast Time and is the property of of Mideast Time. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.mideasttime.com/office-depot-inc-odp-shares-bought-by-advantus-capital-management-inc/1810702.html.

A number of research analysts recently weighed in on the stock. Telsey Advisory Group lifted their target price on shares of Office Depot from $4.40 to $5.25 and gave the company a “market perform” rating in a research note on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a $5.00 target price (up previously from $4.50) on shares of Office Depot in a research note on Wednesday, May 10th. BidaskClub upgraded shares of Office Depot from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Loop Capital restated a “hold” rating and set a $5.00 target price on shares of Office Depot in a research note on Monday, February 27th. Finally, Zacks Investment Research upgraded shares of Office Depot from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Office Depot has an average rating of “Hold” and an average target price of $5.12.

In other news, EVP Stephen R. Calkins sold 45,434 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $4.57, for a total value of $207,633.38. Following the transaction, the executive vice president now directly owns 443,586 shares of the company’s stock, valued at $2,027,188.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael R. Allison sold 66,217 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $5.08, for a total transaction of $336,382.36. Following the completion of the transaction, the insider now directly owns 763,691 shares in the company, valued at $3,879,550.28. The disclosure for this sale can be found here. Company insiders own 2.43% of the company’s stock.

Office Depot Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ODP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding ODP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Office Depot, Inc. (NASDAQ:ODP).

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 MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.