LSV Asset Management increased its holdings in shares of Office Depot Inc (NASDAQ:ODP) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,914,752 shares of the specialty retailer’s stock after purchasing an additional 500,268 shares during the period. LSV Asset Management’s holdings in Office Depot were worth $49,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ODP. Hotchkis & Wiley Capital Management LLC grew its position in Office Depot by 16.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,237,692 shares of the specialty retailer’s stock valued at $137,279,000 after buying an additional 4,305,079 shares during the period. Dimensional Fund Advisors LP grew its position in Office Depot by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 36,937,250 shares of the specialty retailer’s stock valued at $167,696,000 after buying an additional 2,908,017 shares during the period. Vanguard Group Inc. grew its position in Office Depot by 3.0% during the second quarter. Vanguard Group Inc. now owns 44,341,527 shares of the specialty retailer’s stock valued at $250,086,000 after buying an additional 1,286,833 shares during the period. American Century Companies Inc. grew its position in Office Depot by 436.3% during the third quarter. American Century Companies Inc. now owns 1,388,910 shares of the specialty retailer’s stock valued at $6,306,000 after buying an additional 1,129,943 shares during the period. Finally, FMR LLC grew its position in Office Depot by 46.5% during the second quarter. FMR LLC now owns 3,061,202 shares of the specialty retailer’s stock valued at $17,265,000 after buying an additional 971,036 shares during the period. 91.48% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of Office Depot from a “neutral” rating to an “underweight” rating in a research report on Monday, October 30th. ValuEngine lowered shares of Office Depot from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Office Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, BidaskClub lowered shares of Office Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.08.

Shares of Office Depot Inc (NASDAQ ODP) opened at $3.03 on Tuesday. Office Depot Inc has a 52-week low of $2.97 and a 52-week high of $6.26. The stock has a market cap of $1,672.22, a PE ratio of 6.89, a PEG ratio of 0.50 and a beta of 2.47. 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 announced its earnings results on Thursday, November 9th. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Office Depot had a net margin of 3.00% and a return on equity of 12.86%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. sell-side analysts forecast that Office Depot Inc will post 0.44 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “LSV Asset Management Acquires 500,268 Shares of Office Depot Inc (ODP)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/lsv-asset-management-acquires-500268-shares-of-office-depot-inc-odp/1848012.html.

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.

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).

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

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