Texas Permanent School Fund Corp Has $1.40 Million Stock Holdings in The ODP Co. (NASDAQ:ODP)

Texas Permanent School Fund Corp lessened its position in The ODP Co. (NASDAQ:ODP) by 14.6% during the 2nd quarter, Holdings Channel reports. The firm owned 29,906 shares of the specialty retailer’s stock after selling 5,133 shares during the quarter. Texas Permanent School Fund Corp’s holdings in ODP were worth $1,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in ODP during the 2nd quarter worth about $42,000. Tower Research Capital LLC TRC lifted its position in ODP by 875.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,785 shares of the specialty retailer’s stock worth $80,000 after buying an additional 1,602 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in ODP by 2,326.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 125,407 shares of the specialty retailer’s stock worth $106,000 after buying an additional 120,239 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in ODP by 9.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the specialty retailer’s stock worth $139,000 after buying an additional 270 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in ODP by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 6,060 shares of the specialty retailer’s stock worth $183,000 after buying an additional 656 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Stock Performance

ODP stock opened at $48.08 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.55 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.80 billion, a PE ratio of 10.16, a PEG ratio of 0.62 and a beta of 1.73. The company’s 50-day moving average is $45.88 and its two-hundred day moving average is $45.81. The ODP Co. has a 1 year low of $39.36 and a 1 year high of $53.59.

ODP (NASDAQ:ODP) last announced its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.28. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.04 billion. ODP had a return on equity of 19.11% and a net margin of 2.37%. ODP’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. Equities analysts anticipate that The ODP Co. will post 5.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ODP shares. Noble Financial assumed coverage on shares of ODP in a research report on Wednesday, August 23rd. They set an “outperform” rating and a $65.00 price target on the stock. UBS Group upped their target price on shares of ODP from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. B. Riley upped their target price on shares of ODP from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, StockNews.com assumed coverage on shares of ODP in a research report on Thursday, October 5th. They set a “buy” rating on the stock.

ODP Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.