Office Depot, Inc. (ODP) Reaches $2.03 Yearly Low; Guardian Capital Advisors LP Has Cut By $453,455 Its Microsoft (MSFT) Stake

April 8, 2018 - By Adrian Erickson

Office Depot, Inc. (NASDAQ:ODP) Logo

Guardian Capital Advisors Lp decreased Microsoft Corp (MSFT) stake by 3.38% reported in 2017Q4 SEC filing. Guardian Capital Advisors Lp sold 5,095 shares as Microsoft Corp (MSFT)’s stock rose 4.63%. The Guardian Capital Advisors Lp holds 145,858 shares with $13.13 million value, down from 150,953 last quarter. Microsoft Corp now has $694.75B valuation. The stock decreased 2.33% or $2.15 during the last trading session, reaching $90.23. About 38.03M shares traded or 10.05% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 8, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

The stock of Office Depot, Inc. (NASDAQ:ODP) hit a new 52-week low and has $1.87 target or 8.00% below today’s $2.03 share price. The 5 months bearish chart indicates high risk for the $1.13 billion company. The 1-year low was reported on Apr, 8 by Barchart.com. If the $1.87 price target is reached, the company will be worth $90.24M less. The stock decreased 2.40% or $0.05 during the last trading session, reaching $2.03. About 6.16 million shares traded or 16.29% up from the average. Office Depot, Inc. (NASDAQ:ODP) has declined 52.71% since April 8, 2017 and is downtrending. It has underperformed by 64.26% the S&P500.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26. They expect $0.85 EPS, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54B for 26.54 P/E if the $0.85 EPS becomes a reality. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Since February 16, 2018, it had 0 buys, and 3 insider sales for $930,912 activity. 3,000 shares valued at $279,912 were sold by Capossela Christopher C on Friday, February 16.

Investors sentiment decreased to 0.77 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. It fall, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. 54,926 are owned by Solaris Asset Lc. Moors And Cabot has invested 1.72% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Saratoga Research And Mngmt reported 5.65% stake. Creative Planning holds 1.15M shares or 0.42% of its portfolio. Charter Trust accumulated 94,647 shares. Boyer & Corporon Wealth Management Ltd Llc invested 1.9% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Swift Run Mngmt Ltd reported 1.17% stake. Capwealth Advsrs Ltd owns 252,896 shares. Moreover, Ycg Ltd Liability has 2.36% invested in Microsoft Corporation (NASDAQ:MSFT) for 112,558 shares. West Oak Cap Lc invested 0.58% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Azimuth Cap Limited Liability Company has 221,869 shares for 1.37% of their portfolio. Oakmont Prns holds 0.35% or 7,793 shares in its portfolio. Gould Asset Management Lc Ca invested in 11,008 shares or 0.41% of the stock. 1.17 million are held by Numeric Limited Liability Co. Quantitative Systematic Strategies Ltd Liability Corp reported 31,541 shares stake.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 170 analyst reports since July 22, 2015 according to SRatingsIntel. Canaccord Genuity maintained Microsoft Corporation (NASDAQ:MSFT) on Thursday, July 6 with “Hold” rating. The stock has “Outperform” rating by FBN Securities on Wednesday, July 20. UBS maintained the stock with “Buy” rating in Thursday, November 9 report. The stock has “Buy” rating by BMO Capital Markets on Friday, October 27. Jefferies maintained the shares of MSFT in report on Monday, September 25 with “Sell” rating. The company was upgraded on Tuesday, October 31 by Argus Research. On Thursday, February 1 the stock rating was maintained by Bank of America with “Buy”. The firm has “Strong Buy” rating given on Monday, November 30 by Raymond James. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Overweight” rating given on Tuesday, September 22 by Pacific Crest. On Friday, July 21 the stock rating was maintained by Cowen & Co with “Buy”.

Analysts await Office Depot, Inc. (NASDAQ:ODP) to report earnings on May, 8. They expect $0.11 earnings per share, down 31.25% or $0.05 from last year’s $0.16 per share. ODP’s profit will be $61.12M for 4.61 P/E if the $0.11 EPS becomes a reality. After $0.08 actual earnings per share reported by Office Depot, Inc. for the previous quarter, Wall Street now forecasts 37.50% EPS growth.

Investors sentiment increased to 0.97 in 2017 Q4. Its up 0.10, from 0.87 in 2017Q3. It is positive, as 32 investors sold Office Depot, Inc. shares while 82 reduced holdings. 40 funds opened positions while 71 raised stakes. 486.57 million shares or 5.44% more from 461.44 million shares in 2017Q3 were reported. First Quadrant Lp Ca holds 0.01% or 75,551 shares in its portfolio. James Investment Rech, Ohio-based fund reported 591,425 shares. Buckhead Capital Mgmt Ltd Liability Company reported 202,310 shares. Texas Permanent School Fund invested 0.02% in Office Depot, Inc. (NASDAQ:ODP). Jefferies Gp Limited Liability Co owns 69,700 shares for 0% of their portfolio. 69,981 are owned by Tudor Investment Et Al. Css Lc Il accumulated 57,257 shares or 0.01% of the stock. Hsbc Holdg Public Ltd Co reported 749,685 shares. Suntrust Banks stated it has 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Zebra Mngmt Limited Liability Corporation reported 0.25% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Martingale Asset Lp invested in 444,609 shares or 0.02% of the stock. Moreover, Los Angeles Mgmt And Equity Research Inc has 0% invested in Office Depot, Inc. (NASDAQ:ODP) for 43,516 shares. Oregon Pub Employees Retirement Fund accumulated 190,463 shares. Metropolitan Life Ins holds 0.01% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 286,970 shares. Jpmorgan Chase & accumulated 12.15M shares or 0.01% of the stock.

Among 12 analysts covering Office Depot (NASDAQ:ODP), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. Office Depot had 21 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, July 27. Telsey Advisory Group maintained it with “Market Perform” rating and $4.50 target in Friday, October 28 report. The stock of Office Depot, Inc. (NASDAQ:ODP) has “Outperform” rating given on Tuesday, December 8 by Telsey Advisory Group. The firm earned “Hold” rating on Wednesday, June 14 by Jefferies. The firm has “Hold” rating by Loop Capital given on Tuesday, December 13. KeyBanc Capital Markets downgraded Office Depot, Inc. (NASDAQ:ODP) on Tuesday, December 8 to “Sector Weight” rating. The rating was maintained by UBS on Thursday, August 4 with “Sell”. The stock of Office Depot, Inc. (NASDAQ:ODP) earned “Sell” rating by UBS on Wednesday, May 11. On Wednesday, May 11 the stock rating was downgraded by Telsey Advisory Group to “Market Perform”. As per Tuesday, September 8, the company rating was upgraded by B. Riley & Co.

Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America. The company has market cap of $1.13 billion. The firm operates in two divisions, North American Retail and North American Business Solutions. It has a 6.06 P/E ratio. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

Since October 13, 2017, it had 0 insider buys, and 2 selling transactions for $1.38 million activity. $1.38M worth of Office Depot, Inc. (NASDAQ:ODP) was sold by Allison Michael R. RABINOVITCH MICHAEL had sold 1,352 shares worth $4,637 on Friday, January 5.

Office Depot, Inc. (NASDAQ:ODP) Institutional Positions Chart

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