Charles Schwab Investment Management Inc. Increases Stock Holdings in The ODP Co. (NASDAQ:ODP)

Charles Schwab Investment Management Inc. increased its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 481,450 shares of the specialty retailer's stock after purchasing an additional 58,062 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.60% of ODP worth $14,323,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ODP. DME Capital Management LP boosted its holdings 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 in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of ODP by 106.3% in 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. American Century Companies Inc. lifted its holdings in shares of ODP by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer's stock valued at $32,707,000 after purchasing an additional 136,730 shares during the last quarter. Caxton Associates LP acquired a new position in ODP in the 2nd quarter valued at about $2,788,000. Finally, Clearline Capital LP increased its stake in shares of ODP by 108.7% during the second quarter. Clearline Capital LP now owns 124,886 shares of the specialty retailer's stock worth $4,904,000 after acquiring an additional 65,033 shares during the period. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Trading Up 8.2 %

NASDAQ ODP traded up $2.12 on Monday, reaching $28.05. The company had a trading volume of 273,192 shares, compared to its average volume of 471,092. The stock has a market cap of $844.87 million, a price-to-earnings ratio of -30.92, a PEG ratio of 0.57 and a beta of 1.41. 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 stock's 50 day moving average is $28.60 and its 200-day moving average is $32.77. The ODP Co. has a 52 week low of $23.69 and a 52 week high of $58.98.

ODP (NASDAQ:ODP - Get Free Report) last announced its 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). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The firm's revenue for the quarter was down 11.3% compared to the same quarter last year. Equities analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

ODP has been the subject of several research analyst reports. UBS Group dropped their price target on 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 upgraded ODP from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th.

ODP 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.