Invesco Ltd. Has $10.12 Million Stake in The ODP Corporation $ODP

Invesco Ltd. boosted its position in The ODP Corporation (NASDAQ:ODP) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 706,511 shares of the specialty retailer’s stock after buying an additional 143,291 shares during the period. Invesco Ltd. owned approximately 2.35% of ODP worth $10,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MetLife Investment Management LLC lifted its holdings in ODP by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer’s stock valued at $491,000 after buying an additional 994 shares during the period. Yousif Capital Management LLC lifted its holdings in ODP by 7.8% in the first quarter. Yousif Capital Management LLC now owns 15,228 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 1,101 shares during the period. Tower Research Capital LLC TRC lifted its holdings in ODP by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 1,198 shares during the period. New York State Teachers Retirement System grew its holdings in ODP by 5.7% in the first quarter. New York State Teachers Retirement System now owns 45,112 shares of the specialty retailer’s stock worth $646,000 after purchasing an additional 2,446 shares during the period. Finally, ProShare Advisors LLC grew its holdings in ODP by 34.9% in the fourth quarter. ProShare Advisors LLC now owns 9,799 shares of the specialty retailer’s stock worth $223,000 after purchasing an additional 2,536 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Stock Up 6.3%

Shares of NASDAQ ODP opened at $21.33 on Monday. The stock has a market capitalization of $641.61 million, a P/E ratio of 32.32, a P/E/G ratio of 0.53 and a beta of 1.38. The company has a 50-day moving average price of $18.57 and a 200-day moving average price of $16.81. The ODP Corporation has a 1 year low of $11.85 and a 1 year high of $32.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.45.

ODP (NASDAQ:ODP) last issued its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. ODP had a net margin of 0.39% and a return on equity of 11.22%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. On average, equities research analysts forecast that The ODP Corporation will post 3.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on ODP shares. UBS Group raised their price target on shares of ODP from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Wall Street Zen cut shares of ODP from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.00.

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.