The ODP Corporation (NASDAQ:ODP - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.56 and traded as high as $18.48. ODP shares last traded at $17.42, with a volume of 459,350 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of ODP from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd.
View Our Latest Research Report on ODP
ODP Trading Up 6.0%
The company has a market capitalization of $538.73 million, a price-to-earnings ratio of -12.88, a P/E/G ratio of 0.40 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.45. The business's 50-day moving average price is $17.71 and its two-hundred day moving average price is $17.50.
ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.41. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. ODP had a negative net margin of 0.69% and a positive return on equity of 11.50%. The firm's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. Research analysts predict that The ODP Corporation will post 3.26 earnings per share for the current year.
Institutional Investors Weigh In On ODP
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of ODP by 265,600.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,657 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 2,656 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of ODP during the first quarter valued at approximately $41,000. Headlands Technologies LLC acquired a new position in shares of ODP during the 1st quarter valued at $47,000. Parallel Advisors LLC lifted its holdings in shares of ODP by 3,033.3% during the second quarter. Parallel Advisors LLC now owns 2,820 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 2,730 shares during the last quarter. Finally, State of Wyoming boosted its position in ODP by 232.5% during the 1st quarter. State of Wyoming now owns 5,859 shares of the specialty retailer's stock worth $84,000 after acquiring an additional 4,097 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.
ODP Company Profile
(
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.
Read More
Before you consider ODP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ODP wasn't on the list.
While ODP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
