113,964 Shares in The ODP Corporation $ODP Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. has acquired 113,964 shares of The ODP Corporation, valued at approximately $1,633,000, representing about 0.38% of the company's stock.
• ODP reported a quarterly earnings per share (EPS) of $0.51, surpassing the consensus estimate of $0.33, while its revenue reached $1.59 billion.
• Research analysts have mixed views on ODP, with UBS Group setting a new price target of $19.00 and recommending a "neutral" rating.

Landscape Capital Management L.L.C. bought a new position in shares of The ODP Corporation (NASDAQ:ODP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 113,964 shares of the specialty retailer's stock, valued at approximately $1,633,000. Landscape Capital Management L.L.C. owned approximately 0.38% of ODP at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of ODP by 265,600.0% during the first quarter. Farther Finance Advisors LLC now owns 2,657 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 2,656 shares in the last quarter. AlphaQuest LLC purchased a new position in ODP during the 1st quarter valued at approximately $41,000. Headlands Technologies LLC purchased a new position in ODP during the 1st quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its holdings in ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock valued at $98,000 after buying an additional 1,198 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in ODP during the 4th quarter valued at approximately $143,000. Hedge funds and other institutional investors own 99.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ODP. UBS Group raised their price target on ODP from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Wall Street Zen cut ODP from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.00.

ODP Stock Up 2.4%

NASDAQ ODP traded up $0.49 on Wednesday, reaching $21.05. 211,850 shares of the stock traded hands, compared to its average volume of 595,447. The ODP Corporation has a 12 month low of $11.85 and a 12 month high of $32.21. The company has a fifty day moving average price of $19.08 and a 200-day moving average price of $16.85. The company has a market cap of $633.06 million, a price-to-earnings ratio of 31.96, a PEG ratio of 0.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.45 and a current ratio of 0.94.

ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. ODP had a return on equity of 11.22% and a net margin of 0.39%.The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business posted $0.56 EPS. The business's revenue was down 7.6% compared to the same quarter last year. As a group, research analysts forecast that The ODP Corporation will post 3.26 EPS 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.