Charles Schwab Investment Management Inc. Boosts Stock Position in The ODP Co. (NASDAQ:ODP)

Charles Schwab Investment Management Inc. lifted its position in shares of The ODP Co. (NASDAQ:ODP) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 491,587 shares of the specialty retailer’s stock after buying an additional 10,137 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.63% of ODP worth $11,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ODP. Principal Financial Group Inc. raised its stake in ODP by 0.3% during the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock worth $4,713,000 after purchasing an additional 459 shares during the period. Victory Capital Management Inc. raised its position in shares of ODP by 23.4% in the 3rd quarter. Victory Capital Management Inc. now owns 63,562 shares of the specialty retailer’s stock worth $1,891,000 after buying an additional 12,061 shares during the period. KBC Group NV raised its holdings in shares of ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 868 shares during the period. Intech Investment Management LLC raised its holdings in shares of ODP by 456.7% in the 3rd quarter. Intech Investment Management LLC now owns 47,922 shares of the specialty retailer’s stock worth $1,426,000 after purchasing an additional 39,313 shares during the period. Finally, FMR LLC raised its holdings in shares of ODP by 26.7% in the 3rd quarter. FMR LLC now owns 114,026 shares of the specialty retailer’s stock worth $3,392,000 after purchasing an additional 24,020 shares during the period. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

ODP Trading Down 1.2 %

Shares of NASDAQ ODP opened at $14.61 on Friday. The company has a market cap of $435.63 million, a price-to-earnings ratio of -16.05, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The ODP Co. has a 12-month low of $13.44 and a 12-month high of $53.56. 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 stock’s 50 day simple moving average is $19.50 and its 200 day simple moving average is $24.75.

ODP (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. Equities research analysts expect that The ODP Co. will post 3.26 EPS for the current 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.