ODP (NASDAQ:ODP) Shares Up 4.8% - Should You Buy?

The ODP Co. (NASDAQ:ODP - Get Free Report)'s share price rose 4.8% during trading on Monday . The stock traded as high as $18.75 and last traded at $18.98. Approximately 125,252 shares traded hands during trading, a decline of 69% from the average daily volume of 409,944 shares. The stock had previously closed at $18.11.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com cut ODP from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. UBS Group decreased their target price on shares of ODP from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th.

ODP Price Performance

The stock has a market capitalization of $452.22 million, a price-to-earnings ratio of -16.57, a PEG ratio of 0.30 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 stock has a 50-day moving average price of $22.04 and a 200 day moving average price of $26.31.

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

Institutional Trading of ODP

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in ODP by 5.0% in the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer's stock worth $45,896,000 after buying an additional 74,015 shares during the last quarter. American Century Companies Inc. lifted its position in shares of ODP by 6.8% in the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock valued at $23,041,000 after acquiring an additional 64,641 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of ODP by 0.5% in the fourth quarter. Neuberger Berman Group LLC now owns 911,604 shares of the specialty retailer's stock worth $20,697,000 after acquiring an additional 4,569 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ODP by 0.4% during the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer's stock worth $24,219,000 after purchasing an additional 3,041 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in ODP by 105.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer's stock valued at $17,921,000 after purchasing an additional 404,041 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company's stock.

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.