The ODP Corporation (NASDAQ:ODP) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of The ODP Corporation (NASDAQ:ODP - Free Report) by 85.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,157 shares of the specialty retailer's stock after selling 235,254 shares during the period. Royce & Associates LP owned 0.13% of ODP worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ODP. KLP Kapitalforvaltning AS purchased a new position in ODP during the fourth quarter worth $150,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in ODP by 3.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,208 shares of the specialty retailer's stock worth $2,211,000 after buying an additional 3,190 shares during the period. Norges Bank purchased a new position in ODP during the fourth quarter worth $2,589,000. ExodusPoint Capital Management LP purchased a new position in ODP during the fourth quarter worth $797,000. Finally, Wells Fargo & Company MN boosted its stake in ODP by 16.2% during the fourth quarter. Wells Fargo & Company MN now owns 19,539 shares of the specialty retailer's stock worth $444,000 after buying an additional 2,717 shares during the period. Institutional investors own 99.56% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of ODP from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd.

ODP Stock Down 3.8%

Shares of ODP stock traded down $0.67 on Friday, hitting $17.17. The stock had a trading volume of 691,160 shares, compared to its average volume of 436,466. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.24. The company has a market cap of $516.51 million, a PE ratio of -12.35, a P/E/G ratio of 0.42 and a beta of 1.34. The ODP Corporation has a one year low of $11.85 and a one year high of $39.94.

ODP (NASDAQ:ODP - Get Free Report) last announced 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 business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. ODP had a negative net margin of 0.69% and a positive return on equity of 11.50%. The firm's revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Research analysts anticipate that The ODP Corporation will post 3.26 earnings per share 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.