The ODP Co. (NASDAQ:ODP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in The ODP Co. (NASDAQ:ODP - Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,581,382 shares of the specialty retailer's stock after selling 334,719 shares during the period. Vanguard Group Inc. owned about 11.89% of ODP worth $81,441,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ODP. Principal Financial Group Inc. increased its stake in shares of ODP by 0.3% during the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer's stock worth $4,713,000 after purchasing an additional 459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 valued at $2,458,000 after acquiring an additional 790 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of ODP by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 82,784 shares of the specialty retailer's stock worth $1,883,000 after acquiring an additional 1,240 shares during the last quarter. New York State Common Retirement Fund raised its stake in ODP by 17.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock valued at $258,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in ODP by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer's stock valued at $24,219,000 after purchasing an additional 3,041 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company's stock.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ODP from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

ODP Price Performance

Shares of ODP stock traded down $0.24 on Tuesday, hitting $12.33. 79,335 shares of the company were exchanged, compared to its average volume of 599,010. 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 company has a 50-day moving average price of $16.04 and a 200 day moving average price of $22.81. The stock has a market capitalization of $367.51 million, a price-to-earnings ratio of -13.64, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45. The ODP Co. has a 1-year low of $11.85 and a 1-year high of $52.69.

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