Office Depot Sees Unusually Large Options Volume (ODP)
Shares of Office Depot (NYSE:ODP) were the recipient of unusually large options trading on Monday. Stock investors acquired 3,960 put options on the company, American Banking News.com reports. This represents an increase of 505% compared to the typical volume of 655 put options.
In other Office Depot news, EVP C Elisa D. Garcia unloaded 11,531 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $5.15, for a total transaction of $59,384.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ODP shares. Analysts at Zacks downgraded shares of Office Depot from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 14th. They now have a $5.25 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Office Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $6.35 price target on the stock. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.20.
Office Depot (NYSE:ODP) traded up 0.80% during mid-day trading on Monday, hitting $5.05. The stock had a trading volume of 3,453,588 shares. Office Depot has a 1-year low of $3.84 and a 1-year high of $5.85. The stock’s 50-day moving average is $5.11 and its 200-day moving average is $4.91. The company’s market cap is $2.715 billion.
Office Depot (NYSE:ODP) last announced its earnings results on Tuesday, August 5th. The company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.02). The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted ($0.10) earnings per share. Office Depot’s revenue was up 58.8% compared to the same quarter last year. On average, analysts predict that Office Depot will post $0.17 earnings per share for the current fiscal year.
Office Depot, Inc (NYSE:ODP) is a global supplier of office products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.