Caxton Associates LLP Makes New $2.40 Million Investment in The ODP Corporation $ODP

Caxton Associates LLP purchased a new stake in The ODP Corporation (NASDAQ:ODP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 132,455 shares of the specialty retailer’s stock, valued at approximately $2,401,000. Caxton Associates LLP owned 0.44% of ODP as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ODP. Charles Schwab Investment Management Inc. grew its stake in ODP by 9.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 539,473 shares of the specialty retailer’s stock valued at $7,731,000 after buying an additional 47,886 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ODP in the first quarter valued at $706,000. Invesco Ltd. grew its position in shares of ODP by 25.4% in the first quarter. Invesco Ltd. now owns 706,511 shares of the specialty retailer’s stock valued at $10,124,000 after purchasing an additional 143,291 shares in the last quarter. Nuveen LLC bought a new stake in shares of ODP during the 1st quarter valued at $1,369,000. Finally, Public Sector Pension Investment Board lifted its holdings in ODP by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 95,500 shares of the specialty retailer’s stock worth $1,369,000 after purchasing an additional 20,501 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ODP in a report on Monday, December 8th. Noble Financial cut shares of ODP from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, September 23rd. Finally, UBS Group upped their target price on shares of ODP from $19.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $28.00.

ODP Stock Performance

ODP stock opened at $28.00 on Monday. The ODP Corporation has a fifty-two week low of $11.85 and a fifty-two week high of $28.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.45 and a current ratio of 0.91. The stock has a market cap of $843.30 million, a P/E ratio of -80.00, a price-to-earnings-growth ratio of 0.62 and a beta of 1.15. The firm’s fifty day moving average price is $27.86 and its 200-day moving average price is $22.75.

ODP (NASDAQ:ODP) last released its earnings results on Wednesday, November 5th. The specialty retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.32. ODP had a positive return on equity of 12.84% and a negative net margin of 0.14%.The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. On average, equities research analysts expect that The ODP Corporation will post 3.26 earnings per share 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.