Office Depot’s corporate headquarters in Boca Raton, Florida
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Type
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Public |
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Traded as | NASDAQ: ODP S&P 400 Component |
Industry | Specialty retail |
Founded | October 1986 (1986-10) |
Founder | F. Patrick Sher |
Headquarters | Boca Raton, Florida, United States |
Number of locations
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1,912 (December 2013) |
Area served
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North America |
Key people
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Gerry Smith (Chairman and CEO) Stephen Hare (CFO Troy Rice (EVP) |
Products | Office supplies, Technology, Furniture, Copy & Print, Shipping Services |
Brands | Office Depot, OfficeMax, Grand & Toy, Viking Direct, Ativa, TUL, Foray, Realspace, DiVOGA |
Revenue | US$14.485 billion (2015) |
Operating income
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US$ 115 million (2015) |
Net income
|
US$ 8 million (2015) |
Total assets | US$6.442 billion (2015) |
Total equity | US$1.603 billion (2015) |
Number of employees
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49,000 (2016) |
Subsidiaries | OfficeMax Grand & Toy Viking Direct |
Website | officedepot |
Office Depot, Inc. is an American office supply retailing company headquartered in Boca Raton, Florida, United States. The company has combined annual sales of approximately $14 billion and employs about 66,000 associates with businesses in 59 countries. The company operates 2,200 retail stores, e-commerce sites and a business-to-business sales organization. The company’s portfolio of brands includes Office Depot, OfficeMax, Grand & Toy, Viking Direct, Ativa, TUL, Foray, Realspace, and DiVOGA.
Office Depot was founded in October 1986 by F. Patrick Sher, the former chairman and chief executive officer; Stephen Dougherty, the president; and Jack Kopkin, the executive vice president. All three were formerly associated with Mr. HOW Warehouse, a home improvement company that Sher sold to Service Merchandise in 1983. The company opened its first store at Lakes Mall in Lauderdale Lakes, Florida in October 1986.
On February 20, 2013, it was announced that Office Depot and OfficeMax would combine in an all-stock deal, pending regulatory approval and stockholder approval. On November 5, 2013, the merger was completed.
On February 4, 2015, it was announced that rival Staples had agreed to purchase Office Depot in a cash and stock deal worth approximately $6.3 billion. However, in December 2015, the Federal Trade Commission voted to block the merger. On May 10, 2016, the United States District Court for the District of Columbia granted the FTC a preliminary injunction against the merger. After the ruling, Office Depot and Staples announced termination of their proposed merger.
This is a list of other events and milestones that have to do with Office Depot, Inc.
Office Depot has structured its environmental strategy around three concepts: Buying Green, Being Green, and Selling Green. Initiatives supporting this strategy include the following below:
In 2005, Office Depot became known as the “Official Office Products Partner of NASCAR”, a title that the company continues to hold to this day. Also in 2005, Office Depot signed on as the primary sponsor of the #99 Ford Fusion, owned by Roush Fenway Racing and previously driven by Carl Edwards. They sponsored Edwards until the end of the 2008 NASCAR Sprint Cup Series season. In 2008, Office Depot announced that it would become the co-primary sponsor for Tony Stewart and the No. 14 Chevrolet at Stewart-Haas Racing in 2009. In September 2012, Office Depot announced it would not renew sponsorship with Tony Stewart or Stewart-Haas Racing.
In 2012, Office Depot partnered with the Born This Way Foundation, which was started by Lady Gaga to sell limited edition office supplies and give 25% (1/4) of the money earned to the organization.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-01 | Future report Set alerts | |
Q2 2022 | 2022-08-03 | 0.79 | 0.79 |
Q1 2022 | 2022-05-04 | 1.27 | 1.27 |
Q4 2021 | 2022-02-23 | 0.71 | 0.71 |
Q3 2021 | 2021-11-03 | 1.76 | 1.76 |
Q2 2021 | 2021-08-04 | 0.51 | 0.51 |
Q1 2021 | 2021-05-05 | 1.21 | 1.21 |
Q4 2020 | 2021-02-24 | 0.55 | 0.55 |
Q3 2020 | 2020-11-05 | 0.00 | 0.00 |
Q2 2020 | 2020-08-05 | -0.07 | -8.20 |
2016-05-26 | Downgrade | Jefferies Group | Buy to Hold | $5.25 |
2016-05-17 | Reiterated Rating | Jefferies Group | Hold to Buy | |
2016-05-16 | Reiterated Rating | Bank of America | Buy | |
2016-05-16 | Reiterated Rating | Bank of America Corp. | Buy | |
2016-05-15 | Reiterated Rating | Wells Fargo | Equal Weight | |
2016-05-15 | Reiterated Rating | Wells Fargo & Co. | Equal Weight | |
2016-05-11 | Downgrade | Telsey Advisory Group | Outperform to Market Perform | $6.50 to $5.00 |
2016-05-02 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
2016-04-27 | Reiterated Rating | Jefferies Group | Buy | |
2016-04-14 | Reiterated Rating | Deutsche Bank | Hold | |
2016-04-14 | Reiterated Rating | Deutsche Bank AG | Hold | |
2016-03-07 | Lower Price Target | Credit Suisse | Outperform | $10.50 to $8.00 |
2016-03-07 | Lower Price Target | Credit Suisse Group AG | Outperform | $10.50 to $8.00 |
2016-02-24 | Lower Price Target | Telsey Advisory Group | Outperform | $7.50 to $6.50 |
2016-02-24 | Lower Price Target | Deutsche Bank | Hold | $6.00 to $5.50 |
2015-12-11 | Initiated Coverage | Bank of America | Buy | $8.00 |
2015-12-08 | Reiterated Rating | Deutsche Bank | Hold | $11.00 to $6.00 |
2015-12-08 | Boost Price Target | Telsey Advisory Group | Outperform | $7.50 to $11.00 |
2015-09-13 | Upgrade | B. Riley | Buy | $11.00 |
2015-09-08 | Upgrade | B. Riley | Neutral to Buy | $11.00 |
2015-08-10 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-08-05 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-07-31 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-07-24 | Reiterated Rating | Cleveland Research | Neutral | |
2015-06-25 | Upgrade | Telsey Advisory Group | Market Perform to Outperform | $11.00 |
2015-05-08 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-05-06 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-05-06 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2015-05-01 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-04-30 | Upgrade | Jefferies Group | Hold to Buy | $9.50 to $11.60 |
2015-03-04 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-02-25 | Set Price Target | Jefferies Group | Hold | $6.50 to $9.50 |
2015-02-24 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-02-22 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-02-20 | Reiterated Rating | B. Riley | Neutral | $11.00 |
2015-02-10 | Downgrade | B. Riley | Neutral | $11.00 |
2015-02-08 | Downgrade | B. Riley | Neutral | $11.00 |
2015-02-05 | Downgrade | Janney Montgomery Scott | Buy to Neutral | |
2015-02-04 | Downgrade | BB&T Corp. | Buy to Hold | |
2015-02-04 | Downgrade | B. Riley | Buy to Neutral | $11.00 |
2015-02-02 | Boost Price Target | Telsey Advisory Group | Market Perform | $7.00 to $9.00 |
2014-12-16 | Upgrade | BB&T Corp. | Hold to Buy | $11.00 to $11.00 |
2014-12-12 | Reiterated Rating | Bank of America | Buy | $8.00 to $9.50 |
2014-11-17 | Downgrade | Goldman Sachs | Buy to Neutral | $7.15 |
2014-11-17 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $7.15 |
2014-11-05 | Reiterated Rating | KeyBanc | Buy | $7.00 to $8.50 |
2014-11-05 | Reiterated Rating | Deutsche Bank | Hold | $5.25 to $7.00 |
2014-11-05 | Reiterated Rating | Jefferies Group | Hold | $6.50 to $5.25 |
2014-11-05 | Reiterated Rating | KeyCorp | Buy | $7.00 to $8.50 |
2014-11-04 | Reiterated Rating | Morgan Stanley | Equal Weight | $6.35 to $7.50 |
2014-06-24 | Initiated Coverage | Goldman Sachs | Equal Weight | $6.35 |
2014-06-24 | Initiated Coverage | Morgan Stanley | Equal Weight | $6.35 |
2014-05-27 | Upgrade | Goldman Sachs | Neutral to Buy | $5.40 to $7.00 |
2014-05-07 | Upgrade | Credit Suisse | Neutral to Outperform | $6.13 to $7.00 |
2014-05-07 | Boost Price Target | Jefferies Group | $5.00 to $5.25 | |
2014-05-05 | Initiated Coverage | Goldman Sachs | Neutral | |
2014-03-21 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | |
2014-02-27 | Boost Price Target | Jefferies Group | Hold | $4.00 to $5.00 |
2014-02-26 | Lower Price Target | Telsey Advisory Group | Not Rated | $7.00 to $6.00 |
2013-11-14 | Initiated Coverage | Goldman Sachs | Neutral to Market Perform | $78.00 to $6.50 |
2013-11-14 | Upgrade | Bank of America | Underperform to Buy | $3.50 to $6.50 |
2013-11-06 | Upgrade | B. Riley & Co. | Neutral to Buy | |
2013-11-06 | Boost Price Target | KeyBanc | Buy | $6.50 to $7.00 |
2013-11-06 | Boost Price Target | Barclays | Equal Weight | $5.00 to $6.00 |
2013-11-06 | Upgrade | B. Riley | Neutral to Buy | |
2013-11-04 | Boost Price Target | Deutsche Bank | Hold | $4.00 to $6.25 |
2013-10-15 | Boost Price Target | KeyBanc | $5.50 to $6.50 | |
2013-10-10 | Upgrade | Janney Montgomery Scott | Neutral to Buy | |
2013-05-01 | Reiterated | UBS | Neutral | $5 to $4.50 |
2013-03-18 | Upgrade | KeyBanc Capital Mkts | Hold to Buy | |
2013-02-21 | Reiterated | Deutsche Bank | Hold | $3.50 to $5.50 |
2013-02-20 | Reiterated | Barclays | Equal Weight | $3 to $5 |
2011-08-17 | Upgrade | UBS | Sell to Neutral | $3 to $3 |
2011-06-07 | Initiated | Barclays Capital | Underweight | $4 |
2011-03-30 | Initiated | Caris & Company | Average | $5 |
2010-10-28 | Reiterated | Deutsche Bank | Hold | $6 to $5 |
2010-10-25 | Reiterated | Oppenheimer | Perform | $7 to $5 |
2010-07-28 | Reiterated | Deutsche Bank | Hold | $8 to $6 |
2010-06-24 | Upgrade | FBR Capital | Mkt Perform to Outperform | $7 |
2010-05-14 | Upgrade | Oppenheimer | Underperform to Perform | $3 to $7 |
2010-04-07 | Initiated | Barclays Capital | Equal Weight | $9 |
2010-03-19 | Initiated | BB&T Capital Mkts | Hold | |
2009-11-02 | Downgrade | Credit Suisse | Neutral to Underperform | $4 |
2009-09-17 | Initiated | Janney Mntgmy Scott | Neutral | |
2009-07-29 | Reiterated | FBR Capital | Mkt Perform | $4 to $3.50 |
2016-05-26 | Downgrade | Jefferies Group | Buy to Hold | $5.25 |
2016-05-17 | Reiterated Rating | Jefferies Group | Hold to Buy | |
2016-05-16 | Reiterated Rating | Bank of America | Buy | |
2016-05-16 | Reiterated Rating | Bank of America Corp. | Buy | |
2016-05-15 | Reiterated Rating | Wells Fargo | Equal Weight |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ODP 184 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 32.57M |
BlackRock Institutional Trust Company, N.A. | 16.67M |
BlackRock Inc. | 6.92M |
CHESAPEAKE PARTNERS MANAGEMENT CO INC/MD | 6.29M |
HG Vora Capital Management, LLC | 5.00M |
Vanguard Group, Inc | 4.75M |
BlackRock Investment Management, LLC | 3.79M |
DIMENSIONAL FUND ADVISORS LP | 3.15M |
CHUBB CORP | 3.00M |
LSV ASSET MANAGEMENT | 1.99M |
AHL Partners LLP | 1.93M |
OPPENHEIMER FUNDS INC | 1.86M |
STATE STREET CORP | 1.70M |
GREENLIGHT CAPITAL INC | 1.69M |
Neuberger Berman Group LLC | 1.27M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Smith Jeffrey C | 5.37% (28872697) | AAP / DRI / ISSI / MCRL / ODP / PRGO / QTM / RGS / SRDX / YHOO / |
SMITH ROLAND Chairman & CEO | 0.64% (3460495) | CKEC / DNKN / ODP / WEN / |
SMITH GERRY P Chief Executive Officer | 0.51% (2731019) | ODP / |
Saligram Ravichandra Krishnamurty Co-Chairman & Co-CEO | 0.36% (1914365) | ARMK / CHD / ODP / RBA / |
HARE STEPHEN E EVP & Chief Financial Officer | 0.20% (1073857) | HGR / ODP / WEN / |
COSBY MARK President, North America | 0.17% (927767) | CVS / ODP / |
Lower Joseph T EVP & Chief Financial Officer | 0.16% (852552) | BEAV / ODP / |
Garcia C Elisa D EVP, General Counsel & Secy | 0.14% (730704) | M / ODP / |
Schmidt Steven Mark President, International | 0.13% (691590) | ODP / |
Calkins Stephen R EVP-Chief Legal Officer & Secy | 0.10% (550095) | ODP / |
GANGWAL RAKESH | 0.10% (533776) | KMX / ODP / PETM / |
Lalla Ronald EVP, Merchandising | 0.08% (417232) | ODP / |
NEWMAN MICHAEL D EVP & Chief Financial Officer | 0.08% (416779) | ODP / |
RICE TROY EVP, Chief Operating Officer | 0.07% (358187) | ODP / |
Broad Matthew R EVP, Co-General Counsel | 0.07% (357215) | DRI / ODP / |
Allison Michael R EVP - Human Resources | 0.06% (337474) | ODP / |
GANNFORS JOHN EVP-Transformation & Strategic | 0.06% (334852) | ODP / |
DEVARD JERRI EVP & Chief Marketing Officer | 0.06% (330836) | ADT / ODP / UA / |
Koch John Robert EVP, Business Development | 0.06% (324931) | ODP / |
Bleisch N. David EVP-Chief Legal Officer & Secy | 0.06% (322457) | ADT / ODP / |
BRYANT WARREN F | 0.05% (277627) | DG / ODP / |
Stone Dan Joshua President, CompuCom | 0.05% (264317) | ODP / |
TRAVIS NIGEL | 0.05% (256213) | DNKN / LO / ODP / |
Moehler Kim S Sr Vice President & Controller | 0.05% (251650) | ODP / |
Hale Brian Todd EVP, Chief Information Officer | 0.04% (237735) | ODP / |
Johansson Juliet EVP & Chief Strategy Officer | 0.04% (234782) | ODP / |
MOFFITT KEVIN SVP, Chief Retail Officer | 0.04% (232749) | ODP / |
Barr Jim EVP, Chief Digital Officer | 0.04% (229623) | ODP / RBA / |
Marino Vincent James | 0.04% (199973) | ODP / PVH / |
SCHIJNS JANET EVP, Chief Mrch & Svs Officer | 0.03% (175041) | ODP / |
Beauchamp Timothy J EVP, Supply Chain | 0.02% (125527) | ODP / |
VASSALLUZZO JOSEPH | 0.02% (84534) | FRT / LTM / ODP / |
RABINOVITCH MICHAEL Sr Vice President & Controller | 0.02% (83839) | ODP / TECD / |
Kriss Scott A SVP & Chief Accounting Officer | 0.01% (62959) | ODP / WEN / |