Franklin Resources Inc. Has $503,000 Stock Holdings in The ODP Co. (NASDAQ:ODP)

Franklin Resources Inc. reduced its holdings in shares of The ODP Co. (NASDAQ:ODP) by 77.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,106 shares of the specialty retailer’s stock after selling 75,190 shares during the quarter. Franklin Resources Inc.’s holdings in ODP were worth $503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in ODP by 5.0% during the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock valued at $45,896,000 after purchasing an additional 74,015 shares during the last quarter. American Century Companies Inc. boosted its position in shares of ODP by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer’s stock valued at $23,041,000 after buying an additional 64,641 shares during the last quarter. Geode Capital Management LLC grew its holdings in ODP by 0.4% during the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock worth $24,219,000 after buying an additional 3,041 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ODP by 2.1% in 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 buying an additional 10,137 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in ODP by 11.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 331,969 shares of the specialty retailer’s stock valued at $7,549,000 after buying an additional 33,762 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

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

ODP Trading Up 4.0 %

NASDAQ:ODP opened at $13.71 on Friday. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.69. The firm has a 50-day moving average price of $15.58 and a two-hundred day moving average price of $22.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The firm has a market cap of $408.80 million, a price-to-earnings ratio of -15.07, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45.

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

ODP Profile

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.