The ODP Co. (NASDAQ:ODP) Position Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in The ODP Co. (NASDAQ:ODP - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,388 shares of the specialty retailer's stock after selling 16,338 shares during the quarter. Ameriprise Financial Inc. owned 0.22% of ODP worth $1,510,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ODP. Rockefeller Capital Management L.P. raised its stake in ODP by 2.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer's stock worth $641,000 after acquiring an additional 568 shares during the period. MetLife Investment Management LLC grew its holdings in shares of ODP by 4.8% during the fourth quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer's stock valued at $491,000 after purchasing an additional 994 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after purchasing an additional 1,198 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of ODP by 17.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock worth $258,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in ODP by 16.2% during the 4th quarter. Wells Fargo & Company MN now owns 19,539 shares of the specialty retailer's stock valued at $444,000 after purchasing an additional 2,717 shares during the period. 99.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ODP from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

ODP Stock Performance

Shares of NASDAQ:ODP traded down $0.04 during trading hours on Wednesday, hitting $17.74. The stock had a trading volume of 459,750 shares, compared to its average volume of 618,560. The stock's fifty day simple moving average is $14.87 and its 200 day simple moving average is $19.26. The firm has a market capitalization of $533.65 million, a price-to-earnings ratio of -19.49, a PEG ratio of 0.30 and a beta of 1.29. 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 1-year low of $11.85 and a 1-year high of $43.31.

ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.41. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company's quarterly revenue was down 9.2% compared to the same quarter last year. Sell-side analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

ODP Company 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.