The ODP Co. (NASDAQ:ODP) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in The ODP Co. (NASDAQ:ODP) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,407 shares of the specialty retailer’s stock after purchasing an additional 459 shares during the quarter. Principal Financial Group Inc. owned 0.47% of ODP worth $4,713,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC lifted its position in ODP by 81.3% in the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 422 shares during the period. Quarry LP increased its holdings in shares of ODP by 170.3% in the second 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 bought a new stake in shares of ODP during the 2nd quarter worth $68,000. Gladius Capital Management LP grew its holdings in shares of ODP by 227.8% in the 2nd quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 1,515 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in ODP during the 3rd quarter worth about $104,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Price Performance

Shares of ODP opened at $26.63 on Friday. The business’s 50-day moving average is $29.30 and its 200-day moving average is $34.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The company has a market capitalization of $802.10 million, a price-to-earnings ratio of -29.26, a P/E/G ratio of 0.57 and a beta of 1.48. The ODP Co. has a fifty-two week low of $23.69 and a fifty-two week high of $58.98.

ODP (NASDAQ:ODP) last released its 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 positive return on equity of 12.15% and a negative net margin of 0.52%. 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 previous year, the company earned $1.88 EPS. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. Equities research analysts expect that The ODP Co. will post 3.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ODP has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

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.