US Bancorp DE Sells 896 Shares of The ODP Co. (NASDAQ:ODP)

US Bancorp DE cut its stake in shares of The ODP Co. (NASDAQ:ODP) by 40.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,295 shares of the specialty retailer’s stock after selling 896 shares during the quarter. US Bancorp DE’s holdings in ODP were worth $39,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its stake in ODP by 81.3% during the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 422 shares during the last quarter. Quarry LP boosted its position in shares of ODP by 170.3% during 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 during the last quarter. Innealta Capital LLC bought a new stake in ODP in the 2nd quarter worth about $68,000. Gladius Capital Management LP raised its position in 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 buying an additional 1,515 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in ODP during the 3rd quarter valued at about $104,000. Institutional investors own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ODP. UBS Group reduced their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th.

ODP Stock Up 3.5 %

ODP stock opened at $26.05 on Tuesday. The ODP Co. has a one year low of $23.69 and a one year high of $58.98. The stock has a fifty day moving average of $29.43 and a 200 day moving average of $34.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The stock has a market cap of $784.63 million, a PE ratio of -28.63, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48.

ODP (NASDAQ:ODP) last released its quarterly 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). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. ODP’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 EPS. As a group, sell-side analysts predict that The ODP Co. will post 3.26 EPS for the current year.

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.