Hirtle Callaghan Co Lowers stake in Office Depot Inc (ODP)

Office Depot Inc (ODP) : Hirtle Callaghan Co reduced its stake in Office Depot Inc by 4.84% during the most recent quarter end. The investment management company now holds a total of 17,690 shares of Office Depot Inc which is valued at $61,561 after selling 900 shares in Office Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Office Depot Inc makes up approximately 0.01% of Hirtle Callaghan Co’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c reduced its stake in ODP by selling 191,870 shares or 63.88% in the most recent quarter. The Hedge Fund company now holds 108,492 shares of ODP which is valued at $377,552. Office Depot Inc makes up approx 0.05% of Spot Trading L.l.c’s portfolio.Ls Investment Advisors boosted its stake in ODP in the latest quarter, The investment management firm added 12,357 additional shares and now holds a total of 30,705 shares of Office Depot Inc which is valued at $106,546. Office Depot Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio. Equitec Proprietary Markets added ODP to its portfolio by purchasing 46,400 company shares during the most recent quarter which is valued at $161,008. Office Depot Inc makes up approx 0.35% of Equitec Proprietary Markets’s portfolio.

Office Depot Inc opened for trading at $3.54 and hit $3.6 on the upside on Monday, eventually ending the session at $3.58, with a gain of 0.56% or 0.02 points. The heightened volatility saw the trading volume jump to 60,50,864 shares. Company has a market cap of $1,947 M.

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.

Many Wall Street Analysts have commented on Office Depot Inc. Shares were Downgraded by Telsey Advisory Group on May 11, 2016 to ” Market Perform” and Lowered the Price Target to $ 5 from a previous price target of $6.50 .Office Depot Inc was Downgraded by Jefferies to ” Hold” on May 11, 2016. Shares were Downgraded by UBS on May 11, 2016 to ” Sell” and Lowered the Price Target to $ 4 from a previous price target of $5.50 .

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.

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