Harbor Capital Advisors Inc. Purchases 24,731 Shares of The ODP Co. (NASDAQ:ODP)

Harbor Capital Advisors Inc. lifted its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,515 shares of the specialty retailer's stock after purchasing an additional 24,731 shares during the period. Harbor Capital Advisors Inc. owned 0.36% of ODP worth $1,541,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in ODP by 265,600.0% in the first quarter. Farther Finance Advisors LLC now owns 2,657 shares of the specialty retailer's stock worth $37,000 after buying an additional 2,656 shares during the period. Tower Research Capital LLC TRC lifted its holdings in ODP by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after buying an additional 1,198 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in ODP in the fourth quarter worth about $143,000. KLP Kapitalforvaltning AS purchased a new stake in ODP in the fourth quarter worth about $150,000. Finally, Inceptionr LLC purchased a new stake in ODP in the fourth quarter worth about $223,000. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of ODP from a "hold" rating to a "buy" rating in a report on Saturday.

ODP Stock Up 0.7%

ODP traded up $0.12 on Monday, hitting $17.41. The company had a trading volume of 386,293 shares, compared to its average volume of 616,688. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The ODP Co. has a 52-week low of $11.85 and a 52-week high of $43.31. The stock has a fifty day simple moving average of $15.58 and a 200-day simple moving average of $18.69. The firm has a market capitalization of $523.73 million, a P/E ratio of -19.13, a P/E/G ratio of 0.30 and a beta of 1.32.

ODP (NASDAQ:ODP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $1.05 earnings per share. The business's revenue for the quarter was down 9.2% on a year-over-year basis. As a group, equities analysts expect that The ODP Co. will post 3.26 EPS for the current fiscal year.

About ODP

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.