Argentiere Capital Ag Exits Position in Office Depot Inc (ODP)

Office Depot Inc (ODP) : Argentiere Capital Ag has sold out all of its stake in Office Depot Inc during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 153,007 shares of Office Depot Inc which is valued at $555,415.

Other Hedge Funds, Including , Brave Asset Management Inc added ODP to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $36,300. Office Depot Inc makes up approx 0.02% of Brave Asset Management Inc’s portfolio. Calvert Investment Management sold out all of its stake in ODP during the most recent quarter. The investment firm sold 32,648 shares of ODP which is valued $116,227. Concert Wealth Management added ODP to its portfolio by purchasing 15,924 company shares during the most recent quarter which is valued at $55,097. Office Depot Inc makes up approx 0.01% of Concert Wealth Management’s portfolio.Eqis Capital Management boosted its stake in ODP in the latest quarter, The investment management firm added 23,095 additional shares and now holds a total of 54,743 shares of Office Depot Inc which is valued at $186,126. Office Depot Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.

Office Depot Inc closed down -0.26 points or -6.88% at $3.52 with 1,10,47,495 shares getting traded on Wednesday. Post opening the session at $3.75, the shares hit an intraday low of $3.5 and an intraday high of $3.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Office Depot Inc reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.06. The company had revenue of $3218.00 million for the quarter, compared to analysts expectations of $3208.70 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Investors should note that on Aug 3, 2016, Office Depot Inc announced a cash dividend of $0.0250. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

Office Depot Inc. is a supplier of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division North American Business Solutions Division and International Division. The North American Retail Division sells an assortment of merchandise through its chain of office supply stores throughout the United States including Puerto Rico and the U.S. Virgin Islands. The North American Business Solutions Division sells office supplies technology products cleaning and breakroom supplies office furniture certain services and other solutions to customers. The International Division sells office products and services through direct mail catalogs contract sales forces Internet sites and retail stores. The Company also operates a network of distribution centers (DC) and crossdock facilities across the United States Puerto Rico and Canada.

Leave a Reply

Office Depot Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Office Depot Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.