The ODP Co. (NASDAQ:ODP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in The ODP Co. (NASDAQ:ODP - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 761,955 shares of the specialty retailer's stock after selling 51,940 shares during the quarter. Geode Capital Management LLC owned approximately 2.53% of ODP worth $17,331,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of ODP by 380.1% in the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after acquiring an additional 3,071 shares during the last quarter. Barclays PLC increased its position in ODP by 114.3% during the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock valued at $2,965,000 after purchasing an additional 53,160 shares during the period. Amundi increased its position in ODP by 175.9% during the 4th quarter. Amundi now owns 16,474 shares of the specialty retailer's stock valued at $368,000 after purchasing an additional 10,504 shares during the period. American Century Companies Inc. increased its position 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. Finally, Charles Schwab Investment Management Inc. increased its position in ODP by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer's stock valued at $11,179,000 after purchasing an additional 10,137 shares during the period. Hedge funds and other institutional investors own 99.56% of the company's stock.

ODP Stock Performance

Shares of ODP stock traded up $0.26 during mid-day trading on Thursday, reaching $12.69. 65,272 shares of the company's stock traded hands, compared to its average volume of 608,086. The firm has a market capitalization of $378.42 million, a PE ratio of -13.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The firm has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $22.09. The ODP Co. has a 12 month low of $11.85 and a 12 month high of $52.60.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The company had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. On average, research analysts forecast that The ODP Co. will post 3.26 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

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.