23,207 Shares in The ODP Co. (NASDAQ:ODP) Purchased by Creative Planning

Creative Planning bought a new position in The ODP Co. (NASDAQ:ODP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,207 shares of the specialty retailer's stock, valued at approximately $690,000. Creative Planning owned 0.06% of ODP as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of ODP by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,982,531 shares of the specialty retailer's stock valued at $211,273,000 after purchasing an additional 16,584 shares during the period. Edgestream Partners L.P. purchased a new stake in ODP in the 1st quarter valued at about $1,706,000. Clearline Capital LP increased its stake in shares of ODP by 108.7% during the 2nd quarter. Clearline Capital LP now owns 124,886 shares of the specialty retailer's stock valued at $4,904,000 after acquiring an additional 65,033 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings 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 worth $12,966,000 after acquiring an additional 170,149 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of ODP by 5.7% in the first quarter. ProShare Advisors LLC now owns 6,462 shares of the specialty retailer's stock worth $343,000 after acquiring an additional 348 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Wendy Lee Schoppert purchased 3,875 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $25.77 per share, with a total value of $99,858.75. Following the purchase, the director now directly owns 3,875 shares of the company's stock, valued at approximately $99,858.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by corporate insiders.

ODP Trading Down 1.0 %

Shares of NASDAQ:ODP traded down $0.33 during trading on Monday, reaching $31.16. 437,304 shares of the stock were exchanged, compared to its average volume of 454,420. The ODP Co. has a 12-month low of $23.69 and a 12-month high of $58.98. The firm's 50-day moving average price is $29.92 and its 200 day moving average price is $36.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 0.90. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -37.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.64). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. ODP had a positive return on equity of 15.93% and a negative net margin of 0.34%. ODP's revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, sell-side analysts anticipate that The ODP Co. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ODP has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of ODP from $53.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. StockNews.com lowered ODP from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th.

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.