Barclays PLC boosted its position in shares of The ODP Co. (NASDAQ:ODP – Free Report) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,239 shares of the specialty retailer’s stock after purchasing an additional 4,480 shares during the quarter. Barclays PLC owned about 0.07% of ODP worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ODP. Point72 Asset Management L.P. acquired a new position in shares of ODP during the 2nd quarter worth about $42,000. Tower Research Capital LLC TRC grew its position in shares of 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 during the period. Envestnet Asset Management Inc. grew its position in shares of 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 during the period. PNC Financial Services Group Inc. grew its position in shares of 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 during the period. Finally, Captrust Financial Advisors grew its position in shares of ODP by 12.1% in the 2nd quarter. Captrust Financial Advisors now owns 6,060 shares of the specialty retailer’s stock valued at $183,000 after purchasing an additional 656 shares during the period. 99.56% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on ODP in a research report on Thursday, October 5th. They issued a “buy” rating for the company. UBS Group boosted their price objective on ODP from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. B. Riley boosted their price objective on ODP from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Noble Financial assumed coverage on ODP in a research report on Wednesday, August 23rd. They issued an “outperform” rating and a $65.00 price objective for the company.
ODP Trading Up 1.8 %
NASDAQ:ODP opened at $48.08 on Monday. The ODP Co. has a twelve month low of $39.36 and a twelve month high of $53.59. The company has a quick ratio of 0.55, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $45.88 and a two-hundred day moving average price of $45.84. The company has a market cap of $1.80 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.62 and a beta of 1.73.
ODP (NASDAQ:ODP – Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.28. ODP had a return on equity of 19.11% and a net margin of 2.37%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The business’s revenue was down 7.5% on a year-over-year basis. As a group, analysts expect that The ODP Co. will post 5.43 EPS for the current fiscal year.
ODP Company 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.
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