Thompson Siegel & Walmsley LLC Has $8.87 Million Stock Position in The ODP Co. (NASDAQ:ODP)

Thompson Siegel & Walmsley LLC lowered its position in shares of The ODP Co. (NASDAQ:ODP) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 298,207 shares of the specialty retailer’s stock after selling 31,970 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in ODP were worth $8,872,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. DME Capital Management LP lifted its holdings in shares of ODP by 29.9% in the second quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock valued at $87,276,000 after purchasing an additional 511,890 shares in the last quarter. American Century Companies Inc. boosted its position in ODP by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock worth $32,707,000 after acquiring an additional 136,730 shares during the period. Caxton Associates LP purchased a new position in ODP during the 2nd quarter valued at about $2,788,000. Clearline Capital LP increased its holdings in shares of ODP by 108.7% in the 2nd quarter. Clearline Capital LP now owns 124,886 shares of the specialty retailer’s stock valued at $4,904,000 after purchasing an additional 65,033 shares during the period. Finally, AREX Capital Management LP boosted its holdings in shares of ODP by 26.2% during the second quarter. AREX Capital Management LP now owns 240,500 shares of the specialty retailer’s stock worth $9,444,000 after purchasing an additional 50,000 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Analysts Set New Price Targets

ODP has been the topic of several research analyst reports. StockNews.com upgraded shares of ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group lowered their target price on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

ODP Price Performance

Shares of NASDAQ:ODP opened at $26.63 on Friday. 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 $29.30 and a 200 day moving average price of $34.19. The company has a market cap of $802.10 million, a price-to-earnings ratio of -29.26, a PEG ratio of 0.57 and a beta of 1.48. The ODP Co. has a twelve month low of $23.69 and a twelve month high of $58.98.

ODP (NASDAQ:ODP) last announced its earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. Research analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

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.