Franklin Resources Inc. Sells 75,190 Shares of The ODP Co. (NASDAQ:ODP)

Franklin Resources Inc. decreased its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 77.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,106 shares of the specialty retailer's stock after selling 75,190 shares during the quarter. Franklin Resources Inc. owned approximately 0.07% of ODP worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ODP. State Street Corp grew its stake in shares of ODP by 5.0% in the third quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer's stock worth $45,896,000 after purchasing an additional 74,015 shares during the last quarter. Barclays PLC grew its position in shares of ODP by 114.3% in the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock valued at $2,965,000 after buying an additional 53,160 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ODP by 0.4% in the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer's stock valued at $24,219,000 after buying an additional 3,041 shares during the period. Principal Financial Group Inc. increased its stake in shares of ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer's stock valued at $4,713,000 after buying an additional 459 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after acquiring an additional 3,071 shares during the last quarter. Institutional investors own 99.56% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ODP from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

ODP Price Performance

Shares of NASDAQ ODP opened at $13.71 on Friday. The company has a market capitalization of $408.80 million, a PE ratio of -15.07, a P/E/G ratio of 0.30 and a beta of 1.45. 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 ODP Co. has a twelve month low of $11.85 and a twelve month high of $52.69. The firm has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $22.57.

ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, sell-side analysts forecast that The ODP Co. will post 3.26 EPS for the current year.

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.

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