The ODP Co. (NASDAQ:ODP) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of The ODP Co. (NASDAQ:ODP) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,784 shares of the specialty retailer’s stock after acquiring an additional 1,240 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.27% of ODP worth $1,883,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ODP. Quarry LP raised its position in ODP by 170.3% during the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 688 shares in the last quarter. KBC Group NV increased its holdings in shares of ODP by 88.9% during the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 868 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ODP by 380.1% during the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $88,000 after purchasing an additional 3,071 shares in the last quarter. SG Americas Securities LLC purchased a new stake in ODP during the third quarter worth $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in ODP by 13.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 1,049 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Stock Performance

ODP opened at $22.31 on Friday. The firm’s fifty day simple moving average is $25.49 and its two-hundred day simple moving average is $30.29. The ODP Co. has a 52-week low of $21.52 and a 52-week high of $58.13. The company has a market cap of $671.93 million, a price-to-earnings ratio of -24.52, a PEG ratio of 0.60 and a beta of 1.40. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

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

Wall Street Analyst Weigh In

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

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.