Toronto Dominion Bank purchased a new stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 314,368 shares of the specialty retailer's stock, valued at approximately $7,149,000. Toronto Dominion Bank owned about 1.04% of ODP at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ODP. Atlas FRM LLC acquired a new position in shares of ODP during the fourth quarter worth approximately $17,856,000. D. E. Shaw & Co. Inc. raised its stake in shares of ODP by 105.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer's stock valued at $17,921,000 after purchasing an additional 404,041 shares in the last quarter. Findell Capital Management LLC bought a new stake in ODP in the fourth quarter valued at $5,571,000. BNP Paribas Financial Markets bought a new stake in ODP in the fourth quarter valued at $3,716,000. Finally, Ancora Advisors LLC grew its position in ODP by 33,432.5% in the fourth quarter. Ancora Advisors LLC now owns 134,130 shares of the specialty retailer's stock valued at $3,050,000 after acquiring an additional 133,730 shares during the period. 99.56% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded ODP from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.
Read Our Latest Analysis on ODP
ODP Price Performance
NASDAQ:ODP traded up $0.46 during trading hours on Monday, reaching $16.91. The company had a trading volume of 222,826 shares, compared to its average volume of 617,732. The stock has a 50-day moving average of $14.68 and a two-hundred day moving average of $19.33. The ODP Co. has a one year low of $11.85 and a one year high of $43.31. The firm has a market capitalization of $508.54 million, a PE ratio of -18.53, a PEG ratio of 0.30 and a beta of 1.29. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.
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 the consensus estimate of $0.65 by $0.41. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business's revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Analysts forecast that The ODP Co. will post 3.26 earnings per share for the current year.
About ODP
(
Free Report)
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.
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