Office Depot, Inc. (ODP) Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. grew its holdings in shares of Office Depot, Inc. (NASDAQ:ODP) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,201 shares of the specialty retailer’s stock after purchasing an additional 2,843 shares during the period. Ameritas Investment Partners Inc.’s holdings in Office Depot were worth $1,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Century Capital Management LLC increased its holdings in shares of Office Depot by 38.1% during the second quarter. Century Capital Management LLC now owns 359,546 shares of the specialty retailer’s stock valued at $2,028,000 after purchasing an additional 99,120 shares during the period. Prudential Financial Inc. increased its holdings in shares of Office Depot by 72.2% during the second quarter. Prudential Financial Inc. now owns 9,999,340 shares of the specialty retailer’s stock valued at $56,396,000 after purchasing an additional 4,192,720 shares during the period. Chicago Equity Partners LLC increased its holdings in shares of Office Depot by 311.0% during the second quarter. Chicago Equity Partners LLC now owns 980,055 shares of the specialty retailer’s stock valued at $5,528,000 after purchasing an additional 741,570 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Office Depot by 7.0% during the first quarter. Thrivent Financial For Lutherans now owns 97,640 shares of the specialty retailer’s stock valued at $455,000 after purchasing an additional 6,360 shares during the period. Finally, Cigna Investments Inc. New increased its holdings in shares of Office Depot by 106.8% during the second quarter. Cigna Investments Inc. New now owns 41,203 shares of the specialty retailer’s stock valued at $232,000 after purchasing an additional 21,276 shares during the period. 94.36% of the stock is currently owned by institutional investors.

Office Depot, Inc. (NASDAQ ODP) opened at 3.70 on Thursday. Office Depot, Inc. has a 12-month low of $3.01 and a 12-month high of $6.26. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 4.79 and a beta of 2.89. The company’s 50-day moving average price is $4.21 and its 200-day moving average price is $4.93.

Office Depot (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, August 9th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Office Depot had a net margin of 2.49% and a return on equity of 13.97%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company earned $0.06 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. Equities analysts expect that Office Depot, Inc. will post $0.46 EPS for the current fiscal year.

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In related news, insider Michael R. Allison sold 360,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was 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 available at this link. Corporate insiders own 2.43% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub raised Office Depot from a “sell” rating to a “hold” rating in a report on Saturday, October 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.15 target price (down from $5.00) on shares of Office Depot in a report on Friday, October 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $6.00 target price on shares of Office Depot in a report on Tuesday, September 5th. ValuEngine lowered Office Depot from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Office Depot from a “hold” rating to a “sell” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.08.

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.

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

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