The ODP Co. (NASDAQ:ODP) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 114.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,671 shares of the specialty retailer's stock after buying 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 Securities and Exchange Commission (SEC).

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

ODP Stock Performance

Shares of NASDAQ ODP traded down $0.18 during mid-day trading on Wednesday, hitting $24.06. 165,594 shares of the company were exchanged, compared to its average volume of 480,133. 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 firm has a market cap of $724.64 million, a price-to-earnings ratio of -26.44, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The stock has a 50 day simple moving average of $27.57 and a 200-day simple moving average of $31.67. The ODP Co. has a 1-year low of $23.69 and a 1-year high of $58.98.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The company's revenue was down 11.3% compared to the same quarter last year. On average, sell-side analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded ODP from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. 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 report on Thursday, November 7th.

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.