The ODP Co. (NASDAQ:ODP) Position Boosted by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of The ODP Co. (NASDAQ:ODP) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,855 shares of the specialty retailer’s stock after acquiring an additional 1,000 shares during the period. Rhumbline Advisers owned approximately 0.31% of ODP worth $4,314,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of ODP by 81.3% during the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 422 shares during the period. Quest Partners LLC acquired a new position in shares of ODP in the fourth quarter worth $63,000. Innealta Capital LLC acquired a new stake in shares of ODP during the 2nd quarter valued at about $68,000. Gladius Capital Management LP raised its position in ODP by 227.8% during the second quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of ODP during the 2nd quarter valued at $164,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

Insider Transactions at ODP

In related news, Director Wendy Lee Schoppert acquired 3,875 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $25.77 per share, with a total value of $99,858.75. Following the completion of the acquisition, the director now owns 3,875 shares in the company, valued at $99,858.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.

ODP Stock Down 0.1 %

Shares of ODP stock opened at $29.35 on Tuesday. The ODP Co. has a one year low of $23.69 and a one year high of $58.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.90 and a quick ratio of 0.43. The stock has a fifty day moving average price of $33.51 and a 200 day moving average price of $41.42. The stock has a market cap of $1.05 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.64). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. ODP had a positive return on equity of 15.93% and a negative net margin of 0.34%. ODP’s revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Analysts predict that The ODP Co. will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

ODP has been the topic of several analyst reports. StockNews.com downgraded ODP from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. UBS Group cut their target price on shares of ODP from $53.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th.

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.