Vanguard Group Inc. Reduces Stock Position in The ODP Co. (NASDAQ:ODP)

Vanguard Group Inc. lessened its holdings in shares of The ODP Co. (NASDAQ:ODP) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 3,581,382 shares of the specialty retailer’s stock after selling 334,719 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of ODP worth $81,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of 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 stake in ODP by 6.8% in the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer’s stock worth $23,041,000 after acquiring an additional 64,641 shares during the period. Geode Capital Management LLC boosted its holdings in ODP by 0.4% in the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock valued at $24,219,000 after acquiring an additional 3,041 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in ODP by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer’s stock valued at $11,179,000 after purchasing an additional 10,137 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings in ODP by 11.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 331,969 shares of the specialty retailer’s stock worth $7,549,000 after purchasing an additional 33,762 shares in the last quarter. Institutional investors own 99.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

ODP Trading Up 16.3 %

ODP opened at $14.05 on Thursday. The stock has a market cap of $418.94 million, a PE ratio of -15.44, a PEG ratio of 0.30 and a beta of 1.45. The business has a 50 day moving average of $16.55 and a 200-day moving average of $23.19. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.69. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm 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%. Equities research 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.