Barclays PLC Boosts Holdings in The ODP Co. (NASDAQ:ODP)

Barclays PLC lifted its stake in The ODP Co. (NASDAQ:ODP - Free Report) by 119.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,752 shares of the specialty retailer's stock after purchasing an additional 119,081 shares during the quarter. Barclays PLC owned 0.73% of ODP worth $4,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 64,641 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in ODP by 0.5% in the 4th quarter. Neuberger Berman Group LLC now owns 911,604 shares of the specialty retailer's stock worth $20,697,000 after buying an additional 4,569 shares in the last quarter. Geode Capital Management LLC raised its position in ODP by 0.4% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 10,137 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of ODP by 11.3% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 331,969 shares of the specialty retailer's stock valued at $7,549,000 after acquiring an additional 33,762 shares during the last quarter. Institutional investors own 99.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ODP from a "hold" rating to a "buy" rating in a report on Thursday.

ODP Stock Performance

Shares of NASDAQ ODP traded up $0.08 during midday trading on Friday, hitting $13.98. 46,796 shares of the stock traded hands, compared to its average volume of 612,447. 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 ODP Co. has a one year low of $11.85 and a one year high of $52.60. The firm has a market capitalization of $416.92 million, a P/E ratio of -15.46, a PEG ratio of 0.30 and a beta of 1.45. The firm has a 50-day moving average of $14.34 and a two-hundred day moving average of $21.40.

ODP (NASDAQ:ODP - Get Free Report) last posted its earnings results 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). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. On average, equities analysts forecast that The ODP Co. will post 3.26 EPS 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.