Public Employees Retirement System of Ohio purchased a new position in shares of Office Depot, Inc. (NASDAQ:ODP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 65,672 shares of the specialty retailer’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ODP. FMR LLC grew its holdings in Office Depot by 15.2% during the 1st quarter. FMR LLC now owns 2,090,166 shares of the specialty retailer’s stock worth $9,751,000 after acquiring an additional 276,166 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Office Depot by 7.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 97,640 shares of the specialty retailer’s stock worth $455,000 after buying an additional 6,360 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Office Depot by 3.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,661,678 shares of the specialty retailer’s stock worth $12,417,000 after buying an additional 88,554 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Office Depot by 74.4% during the 1st quarter. Bank of America Corp DE now owns 1,627,285 shares of the specialty retailer’s stock worth $7,592,000 after buying an additional 694,065 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Office Depot by 13.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 126,483 shares of the specialty retailer’s stock worth $590,000 after buying an additional 14,760 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Shares of Office Depot, Inc. (ODP) opened at $3.14 on Wednesday. Office Depot, Inc. has a 12-month low of $2.97 and a 12-month high of $6.26. The company has a market cap of $1,625.77, a price-to-earnings ratio of 6.70, a P/E/G ratio of 0.99 and a beta of 2.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.52 and a quick ratio of 0.93.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.025 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.10 annualized dividend and a yield of 3.18%. Office Depot’s dividend payout ratio (DPR) is 16.95%.

Several brokerages have recently weighed in on ODP. BidaskClub downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Office Depot from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Bank of America Corporation restated a “buy” rating on shares of Office Depot in a research report on Sunday, August 13th. Deutsche Bank AG restated a “hold” rating and set a $5.00 price objective (down previously from $5.75) on shares of Office Depot in a research report on Thursday, August 10th. Finally, Jefferies Group LLC restated 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.08.

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In related news, insider Michael R. Allison sold 360,000 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $3.83, for a total value of $1,378,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.43% of the stock is owned by corporate insiders.

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.

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

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