314,368 Shares in The ODP Co. (NASDAQ:ODP) Acquired by Toronto Dominion Bank

Toronto Dominion Bank bought a new stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 314,368 shares of the specialty retailer's stock, valued at approximately $7,149,000. Toronto Dominion Bank owned 1.04% of ODP as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in ODP by 6.8% during the 4th quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock valued at $23,041,000 after purchasing an additional 64,641 shares during the period. Neuberger Berman Group LLC raised its position in shares of ODP by 0.5% during the 4th quarter. Neuberger Berman Group LLC now owns 911,604 shares of the specialty retailer's stock worth $20,697,000 after buying an additional 4,569 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of ODP by 105.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer's stock worth $17,921,000 after buying an additional 404,041 shares in the last quarter. Atlas FRM LLC bought a new stake in shares of ODP during the 4th quarter worth about $17,856,000. Finally, Northern Trust Corp raised its position in shares of ODP by 13.0% during the 4th quarter. Northern Trust Corp now owns 600,027 shares of the specialty retailer's stock worth $13,645,000 after buying an additional 69,198 shares in the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

ODP Price Performance

Shares of ODP stock traded up $0.31 during midday trading on Tuesday, reaching $16.26. 77,475 shares of the company were exchanged, compared to its average volume of 618,880. The ODP Co. has a 12 month low of $11.85 and a 12 month high of $43.31. The company has a market cap of $489.10 million, a P/E ratio of -17.84, a PEG ratio of 0.30 and a beta of 1.29. The company's 50 day moving average price is $14.56 and its two-hundred day moving average price is $19.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly 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. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $1.05 EPS. ODP's revenue was down 9.2% on a year-over-year basis. On average, sell-side analysts expect that The ODP Co. will post 3.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.