New York State Teachers Retirement System Sells 4,746 Shares of The ODP Co. (NASDAQ:ODP)

New York State Teachers Retirement System decreased its holdings in The ODP Co. (NASDAQ:ODP) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,266 shares of the specialty retailer’s stock after selling 4,746 shares during the period. New York State Teachers Retirement System owned 0.13% of ODP worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC grew its position in shares of ODP by 81.3% during the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 422 shares in the last quarter. Quarry LP grew its holdings in ODP by 170.3% during the 2nd quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 688 shares in the last quarter. Innealta Capital LLC purchased a new position in ODP during the 2nd quarter valued at approximately $68,000. Gladius Capital Management LP grew its holdings in ODP by 227.8% during the 2nd quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock valued at $86,000 after buying an additional 1,515 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in ODP during the 3rd quarter valued at approximately $104,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Analysts Set New Price Targets

ODP has been the subject of several research analyst reports. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group cut their price target on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday.

ODP Trading Up 0.8 %

ODP opened at $27.95 on Friday. The ODP Co. has a 52 week low of $23.69 and a 52 week high of $58.98. The stock’s fifty day moving average is $29.83 and its two-hundred day moving average is $35.68. The company has a market capitalization of $938.56 million, a P/E ratio of -30.71, a PEG ratio of 0.57 and a beta of 1.48. The company has a quick ratio of 0.43, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP) last announced its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. The company’s revenue was down 11.3% compared to the same quarter last year. Analysts forecast that The ODP Co. will post 3.45 earnings per share for the current year.

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.