Barclays PLC Acquires 119,081 Shares of The ODP Co. (NASDAQ:ODP)

Barclays PLC boosted its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 119.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,752 shares of the specialty retailer's stock after buying an additional 119,081 shares during the quarter. Barclays PLC owned 0.73% of ODP worth $4,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ODP. Norges Bank acquired a new position in shares of ODP during the 4th quarter worth approximately $2,589,000. American Century Companies Inc. increased its position in shares of ODP by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock worth $23,041,000 after acquiring an additional 64,641 shares during the last quarter. Semanteon Capital Management LP bought a new position in ODP during the fourth quarter worth $1,377,000. ExodusPoint Capital Management LP bought a new position in shares of ODP during the fourth quarter worth about $797,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in ODP by 11.3% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 331,969 shares of the specialty retailer's stock valued at $7,549,000 after acquiring an additional 33,762 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

ODP Trading Up 1.3 %

ODP stock traded up $0.18 during midday trading on Tuesday, reaching $13.55. The company's stock had a trading volume of 375,927 shares, compared to its average volume of 613,519. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.60. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The business's 50-day simple moving average is $14.53 and its 200-day simple moving average is $21.56. The stock has a market cap of $404.03 million, a PE ratio of -14.89, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. As a group, sell-side analysts expect 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.