State of Wyoming Acquires 4,097 Shares of The ODP Corporation $ODP

State of Wyoming increased its holdings in The ODP Corporation (NASDAQ:ODP) by 232.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,859 shares of the specialty retailer’s stock after purchasing an additional 4,097 shares during the quarter. State of Wyoming’s holdings in ODP were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ODP. Farther Finance Advisors LLC grew its stake in shares of ODP by 265,600.0% in the first quarter. Farther Finance Advisors LLC now owns 2,657 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 2,656 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of ODP in the first quarter worth about $41,000. Headlands Technologies LLC bought a new stake in shares of ODP in the first quarter worth about $47,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ODP in the fourth quarter worth about $143,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of ODP in the first quarter worth about $143,000. 99.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ODP Price Performance

ODP stock opened at $21.33 on Tuesday. The firm has a 50 day moving average price of $19.37 and a 200-day moving average price of $16.90. The ODP Corporation has a 52-week low of $11.85 and a 52-week high of $32.21. The firm has a market capitalization of $641.61 million, a price-to-earnings ratio of 32.32, a PEG ratio of 0.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.45 and a current ratio of 0.94.

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

About ODP

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.