ODP (NASDAQ:ODP) Shares Up 5.1% – Should You Buy?

Shares of The ODP Co. (NASDAQ:ODP) shot up 5.1% during mid-day trading on Monday . The stock traded as high as $17.44 and last traded at $17.45. 151,819 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 532,428 shares. The stock had previously closed at $16.61.

Analyst Ratings Changes

Separately, StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

ODP Price Performance

The firm has a 50-day simple moving average of $20.84 and a 200-day simple moving average of $25.69. The firm has a market capitalization of $531.04 million, a PE ratio of -19.57, a PEG ratio of 0.30 and a beta of 1.55. 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 (NASDAQ:ODP) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. As a group, equities analysts forecast that The ODP Co. will post 3.26 earnings per share for the current year.

Institutional Investors Weigh In On ODP

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in shares of ODP by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after purchasing an additional 459 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in ODP by 2.1% during the 4th 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ODP by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock worth $2,458,000 after buying an additional 790 shares during the last quarter. KBC Group NV boosted its stake in ODP by 88.9% during the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after buying an additional 868 shares during the period. Finally, Public Sector Pension Investment Board increased its position in ODP by 1.3% during the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock valued at $2,119,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.

ODP Company Profile

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.