Dimensional Fund Advisors LP Has $51.75 Million Stake in The ODP Co. (NASDAQ:ODP)

Dimensional Fund Advisors LP decreased its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,275,956 shares of the specialty retailer's stock after selling 400,071 shares during the period. Dimensional Fund Advisors LP owned 7.56% of ODP worth $51,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ODP. American Century Companies Inc. increased its position in ODP by 6.8% during 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. Neuberger Berman Group LLC grew its position 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 purchasing an additional 4,569 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ODP by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer's stock worth $11,179,000 after purchasing an additional 10,137 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of ODP by 11.3% during the fourth 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. Finally, Barclays PLC lifted its stake in shares of ODP by 119.5% in the fourth quarter. Barclays PLC now owns 218,752 shares of the specialty retailer's stock valued at $4,974,000 after buying an additional 119,081 shares during the period. Institutional investors own 99.56% of the company's stock.

ODP Stock Performance

ODP traded up $1.25 during trading on Thursday, reaching $15.04. 122,636 shares of the company's stock were exchanged, compared to its average volume of 618,773. The company has a market capitalization of $448.46 million, a P/E ratio of -16.53, a PEG ratio of 0.30 and a beta of 1.29. 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 moving average price of $14.15 and a 200 day moving average price of $20.93. The ODP Co. has a fifty-two week low of $11.85 and a fifty-two week high of $49.06.

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

Analyst Ratings Changes

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a report on Thursday, May 1st.

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.