Vanguard Group Inc is the third biggest owner of Office Depot, Inc. (ODP)

Office Depot, Inc. (NASDAQ:ODP) enjoyed a 42% run-up in share price since hitting record low of $2.00. The stock managed 1.79% rise and now stands at $2.84 as of 06/08/2018. At recent session, the prices were hovering between $2.75 and $2.89. This company shares are -4.58% up from its target price of $2.71 and the current market capitalization stands at $1.58B. The recent change has given its price a 24.46% lead over SMA 50 and -54.6% deficit over its 52-week high. The stock witnessed 31.48% gains, 15.45% gains and -12.88% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ODP’s volatility during a week at 5.5% and during a month it has been found around 4.61%.

Office Depot, Inc. (ODP) Top Holders

Institutional investors currently hold around $1.46 billion or 93.7% in ODP stock. Look at its top three institutional owners. Blackrock Inc. owns $154.1 million in Office Depot, Inc., which represents roughly 9.75% of the company’s market cap and approximately 10.57% of the institutional ownership. Similar statistics are true for the second largest owner, Hotchkis & Wiley Capital Management Llc, which owns 51,470,752 shares of the stock are valued at $146.18 million. The third largest holder is Vanguard Group Inc, which currently holds $125.48 million worth of this stock and that ownership represents nearly 7.94% of its market capitalization.

Office Depot, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 124 institutional holders increased their position in Office Depot, Inc. (NASDAQ:ODP) by some 41,753,071 shares, 135 decreased positions by 42,197,962 and 39 held positions by 429,545,265. That puts total institutional holdings at 513,496,298 shares, according to SEC filings. The stock grabbed 31 new institutional investments totaling 15,732,274 shares while 48 institutional investors sold out their entire positions totaling 11,774,597 shares.

Office Depot, Inc. (NASDAQ:ODP) Insider Trades

Multiple company employees have indulged in significant insider trading. Office Depot, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman of the Board Vassalluzzo Joseph has acquired 58,800 shares of Office Depot, Inc. (ODP) in trading session dated Jun. 04, 2018. These shares are worth $149,940 and were traded at $2.55 each. The SEC filing shows that Travis Nigel performed a purchase of 10,000 shares. The Director added these shares by way of transaction on May. 31, 2018. The company’s shares were assimilated at $2.39 per share worth to an investment of some $23,900 on account of Travis Nigel.

EVP & CFO, Lower Joseph T, purchased 20,000 common shares of Office Depot, Inc. (ODP) in the open market. In a transaction dated May. 30, 2018, the shares were bought at an average price of $2.39, giving away a sum of $47,800. After this purchase, 872,552 common shares of ODP are directly owned by the insider, with total stake valued at $2,478,048.

In the transaction dated Jan. 08, 2018, the great number of shares disposed came courtesy the Sr Vice President & Controller; Rabinovitch Michael disposed a total of 1,352 shares at an average price of $3.43, amounting to approximately $4,637. The insider now directly owns 83,839 shares worth $238,103.

Office Depot, Inc. (ODP) Analyst Guide

Several analysts have released their opinion on Office Depot, Inc. (NASDAQ:ODP), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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