163,410 Shares in The ODP Co. (NASDAQ:ODP) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in shares of The ODP Co. (NASDAQ:ODP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 163,410 shares of the specialty retailer's stock, valued at approximately $3,716,000. BNP Paribas Financial Markets owned about 0.54% of ODP as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ODP. Tower Research Capital LLC TRC boosted its position in shares of ODP by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after acquiring an additional 1,198 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in ODP during the fourth quarter valued at $150,000. Inceptionr LLC bought a new position in ODP during the fourth quarter valued at $223,000. Walleye Capital LLC bought a new position in ODP during the fourth quarter valued at $253,000. Finally, New York State Common Retirement Fund lifted its position in ODP by 17.6% during the fourth 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. Institutional investors own 99.56% of the company's stock.

ODP Stock Up 1.3%

Shares of NASDAQ:ODP traded up $0.23 during trading on Friday, reaching $18.22. The stock had a trading volume of 466,095 shares, compared to its average volume of 623,612. The ODP Co. has a one year low of $11.85 and a one year high of $43.31. The company has a market capitalization of $548.09 million, a P/E ratio of -20.02, a PEG ratio of 0.30 and a beta of 1.29. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The firm's 50-day simple moving average is $14.43 and its 200 day simple moving average is $20.21.

ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.41. The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.67 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. ODP's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. As a group, research analysts expect that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

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.