StockNews.com cut shares of ODP (NASDAQ:ODP - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Separately, UBS Group dropped their price objective on shares of ODP from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th.
Get Our Latest Stock Analysis on ODP
ODP Trading Down 6.1 %
Shares of ODP stock traded down $1.38 during trading hours on Friday, reaching $21.22. 347,383 shares of the stock traded hands, compared to its average volume of 427,207. ODP has a 1-year low of $21.08 and a 1-year high of $58.13. The business has a fifty day moving average price of $24.51 and a 200 day moving average price of $28.57. 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 capitalization of $639.15 million, a PE ratio of -23.32, a PEG ratio of 0.37 and a beta of 1.38.
ODP (NASDAQ:ODP - Get Free Report) last released 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 negative net margin of 0.52% and a positive return on equity of 12.15%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The firm's revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts forecast that ODP will post 3.26 EPS for the current year.
Institutional Trading of ODP
Several large investors have recently modified their holdings of ODP. Hsbc Holdings PLC bought a new stake in ODP in the 2nd quarter valued at $282,000. AQR Capital Management LLC raised its stake in shares of ODP by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 75,134 shares of the specialty retailer's stock valued at $2,951,000 after buying an additional 13,721 shares in the last quarter. Quarry LP raised its stake in shares of ODP by 170.3% in the 2nd quarter. Quarry LP now owns 1,092 shares of the specialty retailer's stock valued at $43,000 after buying an additional 688 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of ODP in the 2nd quarter valued at $357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ODP during the 2nd quarter worth about $1,151,000. 99.56% of the stock is owned by institutional investors.
ODP Company Profile
(
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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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