The ODP Co. (NASDAQ:ODP) Shares Acquired by KBC Group NV

KBC Group NV grew its stake in The ODP Co. (NASDAQ:ODP) by 88.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,844 shares of the specialty retailer’s stock after acquiring an additional 868 shares during the quarter. KBC Group NV’s holdings in ODP were worth $55,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ODP. Vanguard Group Inc. lifted its stake in shares of ODP by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 3,982,531 shares of the specialty retailer’s stock worth $211,273,000 after purchasing an additional 16,584 shares during the period. DME Capital Management LP lifted its position in ODP by 29.9% during the second quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock worth $87,276,000 after buying an additional 511,890 shares during the period. American Century Companies Inc. boosted its stake in ODP by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock worth $32,707,000 after buying an additional 136,730 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in ODP by 3.8% in the 1st quarter. Bridgeway Capital Management LLC now owns 337,447 shares of the specialty retailer’s stock valued at $17,902,000 after buying an additional 12,262 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of ODP by 106.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer’s stock valued at $12,966,000 after acquiring an additional 170,149 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Analysts Set New Price Targets

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

ODP Price Performance

ODP stock opened at $27.26 on Friday. The company has a market cap of $821.07 million, a PE ratio of -29.96, a price-to-earnings-growth ratio of 0.58 and a beta of 1.48. 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 has a 50-day moving average price of $29.25 and a two-hundred day moving average price of $33.90. The ODP Co. has a 12-month low of $23.69 and a 12-month high of $58.98.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.89). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 earnings per share. As a group, research 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.