ODP (NASDAQ:ODP - Get Free Report) had its target price hoisted by equities researchers at UBS Group from $17.00 to $19.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the specialty retailer's stock. UBS Group's target price would suggest a potential upside of 4.40% from the company's current price.
Separately, Wall Street Zen lowered ODP from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd.
Check Out Our Latest Stock Analysis on ODP
ODP Stock Down 6.2%
Shares of ODP traded down $1.21 during trading hours on Thursday, hitting $18.20. The company had a trading volume of 485,355 shares, compared to its average volume of 504,420. The firm has a fifty day moving average price of $18.10 and a 200-day moving average price of $16.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a market capitalization of $547.46 million, a price-to-earnings ratio of 27.58, a P/E/G ratio of 0.48 and a beta of 1.38. ODP has a 52-week low of $11.85 and a 52-week high of $32.21.
ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.59 billion. ODP had a return on equity of 11.22% and a net margin of 0.39%. ODP's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, equities research analysts forecast that ODP will post 3.26 EPS for the current fiscal year.
Institutional Investors Weigh In On ODP
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its position in shares of ODP by 3.3% during the 2nd quarter. Empowered Funds LLC now owns 208,841 shares of the specialty retailer's stock valued at $3,786,000 after purchasing an additional 6,730 shares during the last quarter. LSV Asset Management increased its position in shares of ODP by 1.0% during the 2nd quarter. LSV Asset Management now owns 1,423,757 shares of the specialty retailer's stock valued at $25,813,000 after purchasing an additional 13,729 shares during the last quarter. Creative Planning increased its position in shares of ODP by 30.4% during the 2nd quarter. Creative Planning now owns 19,994 shares of the specialty retailer's stock valued at $362,000 after purchasing an additional 4,656 shares during the last quarter. SG Americas Securities LLC increased its position in shares of ODP by 14.2% during the 2nd quarter. SG Americas Securities LLC now owns 23,318 shares of the specialty retailer's stock valued at $423,000 after purchasing an additional 2,903 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of ODP by 132.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,818 shares of the specialty retailer's stock valued at $2,082,000 after purchasing an additional 65,522 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company's stock.
About ODP
(
Get 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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