ODP (NASDAQ:ODP) Stock Price Down 5.2% - Time to Sell?

The ODP Co. (NASDAQ:ODP - Get Free Report)'s share price was down 5.2% during trading on Friday . The company traded as low as $17.06 and last traded at $17.17. Approximately 77,569 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 615,235 shares. The stock had previously closed at $18.11.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ODP from a "hold" rating to a "buy" rating in a research note on Saturday.

ODP Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $15.47 and a two-hundred day moving average price of $18.85. The company has a market capitalization of $520.12 million, a price-to-earnings ratio of -19.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.32.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.41. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, research analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Institutional Trading of ODP

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in ODP by 1.5% during the 1st quarter. American Century Companies Inc. now owns 1,028,782 shares of the specialty retailer's stock worth $14,742,000 after purchasing an additional 15,560 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of ODP by 2.1% in the 1st quarter. Neuberger Berman Group LLC now owns 931,156 shares of the specialty retailer's stock valued at $13,358,000 after acquiring an additional 19,552 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of ODP by 28.2% in the 1st quarter. Allianz Asset Management GmbH now owns 821,669 shares of the specialty retailer's stock valued at $11,775,000 after acquiring an additional 180,758 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of ODP by 105.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer's stock valued at $17,921,000 after acquiring an additional 404,041 shares in the last quarter. Finally, Atlas FRM LLC purchased a new stake in shares of ODP in the 4th quarter valued at about $17,856,000. Hedge funds and other institutional investors own 99.56% of the company's stock.

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.