ODP (NASDAQ:ODP) Upgraded to "Buy" at StockNews.com

ODP (NASDAQ:ODP - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

ODP Stock Performance

Shares of ODP opened at $13.68 on Thursday. The firm has a market cap of $407.91 million, a PE ratio of -15.03, a PEG ratio of 0.30 and a beta of 1.45. The stock's fifty day moving average price is $14.44 and its two-hundred day moving average price is $21.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. ODP has a 1 year low of $11.85 and a 1 year high of $52.60.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of ODP by 0.3% during the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer's stock valued at $4,713,000 after buying an additional 459 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of ODP by 2.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer's stock valued at $641,000 after buying an additional 568 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of ODP by 4.8% during the fourth quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer's stock worth $491,000 after purchasing an additional 994 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of ODP by 7.8% during the first quarter. Yousif Capital Management LLC now owns 15,228 shares of the specialty retailer's stock worth $218,000 after purchasing an additional 1,101 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of ODP by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after purchasing an additional 1,198 shares during the period. 99.56% of the stock is owned by institutional investors.

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.

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