The ODP Co. (NASDAQ:ODP - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $21.30 and last traded at $21.79, with a volume of 22262 shares trading hands. The stock had previously closed at $22.60.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ODP shares. UBS Group decreased their target price on ODP from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. StockNews.com lowered ODP from a "buy" rating to a "hold" rating in a report on Friday, January 31st.
View Our Latest Analysis on ODP
ODP Stock Performance
The firm has a market cap of $650.29 million, a P/E ratio of -23.73, a price-to-earnings-growth ratio of 0.37 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The company's fifty day moving average price is $24.22 and its two-hundred day moving average price is $28.25.
ODP (NASDAQ:ODP - Get Free Report) last posted its 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). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business's revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. As a group, sell-side analysts predict that The ODP Co. will post 3.26 EPS for the current fiscal year.
Hedge Funds Weigh In On ODP
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings 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 valued at $45,896,000 after buying an additional 74,015 shares during the last quarter. Geode Capital Management LLC raised 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 worth $24,219,000 after acquiring an additional 3,041 shares during the last quarter. Weiss Asset Management LP lifted 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. Charles Schwab Investment Management Inc. grew its stake in shares of ODP by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer's stock valued at $11,179,000 after purchasing an additional 10,137 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of ODP by 5.1% in the fourth quarter. Empowered Funds LLC now owns 194,875 shares of the specialty retailer's stock valued at $4,431,000 after purchasing an additional 9,448 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company's stock.
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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