ClariVest Asset Management LLC decreased its position in shares of Office Depot Inc (NASDAQ:ODP) by 29.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 758,200 shares of the specialty retailer’s stock after selling 322,700 shares during the quarter. ClariVest Asset Management LLC’s holdings in Office Depot were worth $2,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Office Depot by 34.0% during the 2nd quarter. BlackRock Inc. now owns 72,728,081 shares of the specialty retailer’s stock valued at $185,458,000 after buying an additional 18,466,409 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Office Depot by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 42,881,014 shares of the specialty retailer’s stock valued at $109,349,000 after acquiring an additional 4,618,163 shares during the last quarter. LSV Asset Management increased its holdings in Office Depot by 14.9% in the 3rd quarter. LSV Asset Management now owns 16,038,917 shares of the specialty retailer’s stock valued at $51,484,000 after acquiring an additional 2,080,765 shares during the last quarter. Towle & Co. increased its holdings in Office Depot by 2.3% in the 3rd quarter. Towle & Co. now owns 12,343,168 shares of the specialty retailer’s stock valued at $39,622,000 after acquiring an additional 275,590 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Office Depot by 557.0% in the 2nd quarter. SG Americas Securities LLC now owns 10,316,418 shares of the specialty retailer’s stock valued at $26,307,000 after acquiring an additional 8,746,140 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Office Depot stock opened at $2.93 on Tuesday. Office Depot Inc has a twelve month low of $2.00 and a twelve month high of $3.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.89 and a current ratio of 1.35. The stock has a market capitalization of $1.70 billion, a PE ratio of 6.51 and a beta of 2.65.

Office Depot (NASDAQ:ODP) last posted its earnings results on Wednesday, November 7th. The specialty retailer reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Office Depot had a net margin of 0.59% and a return on equity of 8.90%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Office Depot Inc will post 0.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be issued a $0.025 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.41%. Office Depot’s dividend payout ratio (DPR) is presently 22.22%.

A number of analysts have issued reports on ODP shares. BidaskClub downgraded shares of Office Depot from a “hold” rating to a “sell” rating in a report on Friday, October 19th. ValuEngine upgraded shares of Office Depot from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Zacks Investment Research downgraded shares of Office Depot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Bank of America reiterated a “buy” rating and issued a $4.00 price target on shares of Office Depot in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.17.

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About Office Depot

Office Depot, Inc, together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S.

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

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