Thompson Siegel & Walmsley LLC Decreases Holdings in The ODP Co. (NASDAQ:ODP)

Thompson Siegel & Walmsley LLC lessened its holdings in The ODP Co. (NASDAQ:ODP - Free Report) by 9.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 298,207 shares of the specialty retailer's stock after selling 31,970 shares during the period. Thompson Siegel & Walmsley LLC owned 0.99% of ODP worth $8,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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 in the last quarter. Clearline Capital LP grew its stake in shares of ODP by 108.7% in the 2nd quarter. Clearline Capital LP now owns 124,886 shares of the specialty retailer's stock worth $4,904,000 after buying an additional 65,033 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of ODP by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 6,462 shares of the specialty retailer's stock worth $343,000 after buying an additional 348 shares during the last quarter. Creative Planning purchased a new stake in ODP during the third quarter valued at approximately $690,000. Finally, Wedge Capital Management L L P NC boosted its stake in ODP by 66.3% during the third quarter. Wedge Capital Management L L P NC now owns 46,068 shares of the specialty retailer's stock worth $1,371,000 after buying an additional 18,363 shares during the period. 99.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ODP. UBS Group reduced their price objective on shares of 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 raised ODP from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th.

ODP Stock Performance

NASDAQ ODP traded up $0.63 on Friday, hitting $27.26. 394,134 shares of the company's stock traded hands, compared to its average volume of 467,461. The firm's 50-day moving average price is $29.25 and its two-hundred day moving average price is $34.02. The firm has a market capitalization of $821.07 million, a PE ratio of -29.96, a P/E/G ratio of 0.57 and a beta of 1.48. 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 ODP Co. has a 1-year low of $23.69 and a 1-year high of $58.98.

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 for the quarter, missing analysts' consensus estimates of $1.60 by ($0.89). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.82 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. As a group, analysts expect that The ODP Co. will post 3.26 EPS 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.