Thompson Siegel & Walmsley LLC Makes New $6.33 Million Investment in The ODP Co. (NASDAQ:ODP)

Thompson Siegel & Walmsley LLC purchased a new position in shares of The ODP Co. (NASDAQ:ODP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 112,396 shares of the specialty retailer's stock, valued at approximately $6,328,000. Thompson Siegel & Walmsley LLC owned 0.30% of ODP at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. CX Institutional lifted its holdings in shares of ODP by 0.3% during the fourth quarter. CX Institutional now owns 69,795 shares of the specialty retailer's stock worth $3,929,000 after purchasing an additional 204 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of ODP by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,247 shares of the specialty retailer's stock worth $858,000 after purchasing an additional 213 shares during the period. Gladius Capital Management LP lifted its holdings in shares of ODP by 94.6% during the third quarter. Gladius Capital Management LP now owns 722 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 351 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ODP by 6.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,059 shares of the specialty retailer's stock worth $326,000 after acquiring an additional 404 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in ODP by 2.6% in the third quarter. Oliver Luxxe Assets LLC now owns 20,449 shares of the specialty retailer's stock valued at $944,000 after acquiring an additional 516 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ODP

In related news, CFO Diego Anthony Scaglione sold 25,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $55.00, for a total value of $1,375,000.00. Following the completion of the transaction, the chief financial officer now owns 96,104 shares of the company's stock, valued at approximately $5,285,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ODP. TheStreet downgraded ODP from a "b-" rating to a "c+" rating in a report on Wednesday, February 28th. StockNews.com raised ODP from a "hold" rating to a "buy" rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.00.

ODP Price Performance

Shares of NASDAQ:ODP traded down $2.44 during midday trading on Friday, hitting $40.76. 843,520 shares of the stock were exchanged, compared to its average volume of 348,182. The stock has a market cap of $1.46 billion, a P/E ratio of 19.69, a PEG ratio of 0.48 and a beta of 1.68. The company has a current ratio of 0.94, a quick ratio of 0.54 and a debt-to-equity ratio of 0.11. The ODP Co. has a twelve month low of $39.36 and a twelve month high of $58.98. The company has a 50 day moving average price of $50.82 and a 200-day moving average price of $50.67.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.59). The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.96 billion. ODP had a return on equity of 16.67% and a net margin of 1.08%. The company's quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.78 EPS. On average, research analysts forecast that The ODP Co. will post 6.45 earnings per share for the current year.

ODP declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 48.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.