ODP stock touches 52-week low at $13.43 amid sharp annual decline

Published 03/04/2025, 15:36
ODP stock touches 52-week low at $13.43 amid sharp annual decline

Office Depot , Inc. (NASDAQ:ODP) stock has reached a 52-week low, trading at $13.43. With a market capitalization of $388 million and EBITDA of $270 million, the company grapples with a challenging retail environment. According to InvestingPro analysis, the stock appears undervalued, trading at just 4.2 times earnings. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a precipitous decline of over 71%. Investors are closely monitoring the office supplies retailer as it navigates through the pressures of e-commerce competition and changing consumer behaviors. Analyst price targets range from $17 to $36, suggesting potential upside. For deeper insights and 8 additional ProTips about ODP, visit InvestingPro.

In other recent news, ODP Corporation reported a significant miss in its fourth-quarter 2024 earnings, with earnings per share at $0.66 compared to the expected $1.07, and revenue at $1.62 billion, falling short of the anticipated $1.69 billion. This marks a 10% year-over-year decline in revenue, highlighting ongoing challenges in the B2B office supplies market. Despite these setbacks, ODP is actively expanding into the hospitality supply market, which is growing annually by 4-6%. The company has secured a landmark agreement with a leading hotel management company, positioning itself as a key supplier in the $16 billion hospitality industry. Concurrently, ODP Business Solutions has entered a distribution partnership with luxury linens brand Sobel Westex to enhance offerings in the hospitality sector. Meanwhile, Cava Group Inc. is set to join the S&P MidCap 400 index, replacing Altair Engineering Inc. following its acquisition by Siemens AG (OTC:SIEGY). These developments indicate strategic shifts for both ODP Corporation and Cava Group, aiming to capture new market opportunities and enhance investor visibility.

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