New York State Common Retirement Fund Purchases 1,700 Shares of The ODP Co. (NASDAQ:ODP)

New York State Common Retirement Fund lifted its position in shares of The ODP Co. (NASDAQ:ODP) by 17.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,340 shares of the specialty retailer’s stock after acquiring an additional 1,700 shares during the quarter. New York State Common Retirement Fund’s holdings in ODP were worth $258,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in ODP by 2.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock valued at $569,000 after acquiring an additional 394 shares during the period. Principal Financial Group Inc. raised its stake in shares of ODP by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after purchasing an additional 459 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ODP by 1.0% during the 3rd 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 in the last quarter. KBC Group NV boosted its stake in ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 868 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in ODP by 1.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock worth $2,119,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.

ODP Price Performance

ODP stock opened at $14.72 on Thursday. The stock has a market cap of $438.91 million, a price-to-earnings ratio of -16.18, a PEG ratio of 0.30 and a beta of 1.38. 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 business has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $25.97. The ODP Co. has a 52 week low of $13.44 and a 52 week high of $53.56.

ODP (NASDAQ:ODP) last posted its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. On average, research analysts forecast that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ODP has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th. UBS Group lowered their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

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.