The ODP Co. (NASDAQ:ODP) Stock Holdings Boosted by State Street Corp

State Street Corp grew its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,542,725 shares of the specialty retailer's stock after acquiring an additional 74,015 shares during the period. State Street Corp owned about 5.12% of ODP worth $45,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ODP. Clearline Capital LP raised its holdings in ODP by 108.7% in the second 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ODP by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer's stock worth $2,458,000 after purchasing an additional 790 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in ODP by 13.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer's stock worth $14,323,000 after purchasing an additional 58,062 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in ODP by 106.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer's stock valued at $12,966,000 after buying an additional 170,149 shares during the last quarter. Finally, Creative Planning acquired a new stake in ODP during the third quarter valued at approximately $690,000. 99.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ODP has been the subject of a number of research analyst reports. UBS Group lowered their price target on ODP from $30.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of ODP from a "hold" rating to a "buy" rating in a report on Thursday, November 7th.

ODP Stock Performance

ODP stock traded up $0.05 during midday trading on Friday, reaching $24.37. 2,372,152 shares of the stock traded hands, compared to its average volume of 481,723. The firm has a fifty day moving average price of $28.04 and a two-hundred day moving average price of $32.12. The ODP Co. has a fifty-two week low of $23.69 and a fifty-two week high of $58.98. The firm has a market cap of $733.98 million, a price-to-earnings ratio of -26.78, a PEG ratio of 0.60 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $1.88 earnings per share. The business's quarterly revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts forecast that The ODP Co. will post 3.26 earnings per share for the current year.

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.