112,396 Shares in The ODP Co. (NASDAQ:ODP) Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC purchased a new position in shares of The ODP Co. (NASDAQ:ODP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,396 shares of the specialty retailer’s stock, valued at approximately $6,328,000.

Other hedge funds have also made changes to their positions in the company. Gladius Capital Management LP increased its stake in ODP by 94.6% during the 3rd quarter. Gladius Capital Management LP now owns 722 shares of the specialty retailer’s stock worth $33,000 after buying an additional 351 shares during the period. Headlands Technologies LLC purchased a new stake in shares of ODP during the third quarter worth $34,000. Los Angeles Capital Management LLC acquired a new stake in shares of ODP in the fourth quarter valued at $201,000. Campbell & CO Investment Adviser LLC purchased a new position in ODP in the third quarter valued at $207,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in ODP during the 4th quarter worth $211,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Diego Anthony Scaglione sold 25,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $55.00, for a total value of $1,375,000.00. Following the completion of the sale, the chief financial officer now owns 96,104 shares in the company, valued at approximately $5,285,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

ODP Stock Down 5.6 %

Shares of NASDAQ ODP traded down $2.44 during mid-day trading on Friday, reaching $40.76. The company had a trading volume of 843,520 shares, compared to its average volume of 348,182. The firm has a 50 day simple moving average of $50.82 and a two-hundred day simple moving average of $50.62. The ODP Co. has a 52-week low of $39.36 and a 52-week high of $58.98. The company has a current ratio of 0.94, a quick ratio of 0.54 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.46 billion, a P/E ratio of 19.69, a PEG ratio of 0.48 and a beta of 1.68.

ODP (NASDAQ:ODP) last issued its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.59). ODP had a return on equity of 16.67% and a net margin of 1.08%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Sell-side analysts predict that The ODP Co. will post 6.45 earnings per share for the current year.

ODP announced that its board has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 48.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ODP shares. TheStreet lowered ODP from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. StockNews.com upgraded shares of ODP from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

ODP 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.