Barclays PLC Purchases 53,160 Shares of The ODP Co. (NASDAQ:ODP)

Barclays PLC raised its position in The ODP Co. (NASDAQ:ODP) by 114.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 99,671 shares of the specialty retailer’s stock after purchasing an additional 53,160 shares during the period. Barclays PLC owned 0.33% of ODP worth $2,965,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. DME Capital Management LP increased its holdings in ODP by 29.9% in the second quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock worth $87,276,000 after purchasing an additional 511,890 shares in the last quarter. State Street Corp grew its position in shares of ODP by 5.0% during the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock worth $45,896,000 after buying an additional 74,015 shares during the period. American Century Companies Inc. increased its stake in shares of ODP by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock valued at $32,707,000 after acquiring an additional 136,730 shares in the last quarter. Weiss Asset Management LP lifted its position in shares of ODP by 2,219.3% during the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock valued at $16,992,000 after acquiring an additional 546,525 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in ODP by 13.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock worth $14,323,000 after acquiring an additional 58,062 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Stock Performance

Shares of ODP stock opened at $24.06 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $27.68 and a two-hundred day simple moving average of $31.72. The ODP Co. has a 12 month low of $23.69 and a 12 month high of $58.98. The firm has a market capitalization of $724.64 million, a PE ratio of -26.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40.

ODP (NASDAQ:ODP) last posted its earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. Analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on ODP shares. StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. UBS Group dropped their price target on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

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.