Neuberger Berman Group LLC Sells 17,939 Shares of The ODP Co. (NASDAQ:ODP)

Neuberger Berman Group LLC lowered its stake in shares of The ODP Co. (NASDAQ:ODPGet Rating) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 1,175,496 shares of the specialty retailer’s stock after selling 17,939 shares during the period. Neuberger Berman Group LLC’s holdings in ODP were worth $53,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its position in shares of ODP by 32.0% in the first quarter. Gabelli Funds LLC now owns 43,942 shares of the specialty retailer’s stock valued at $2,014,000 after acquiring an additional 10,641 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of ODP by 16.3% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 31,058 shares of the specialty retailer’s stock valued at $1,423,000 after acquiring an additional 4,359 shares during the period. Cannell Capital LLC boosted its position in shares of ODP by 3.4% in the first quarter. Cannell Capital LLC now owns 683,827 shares of the specialty retailer’s stock valued at $31,340,000 after acquiring an additional 22,693 shares during the period. KB Financial Partners LLC boosted its position in shares of ODP by 7.0% in the first quarter. KB Financial Partners LLC now owns 9,344 shares of the specialty retailer’s stock valued at $428,000 after acquiring an additional 608 shares during the period. Finally, SkyView Investment Advisors LLC boosted its position in shares of ODP by 264.6% in the first quarter. SkyView Investment Advisors LLC now owns 10,027 shares of the specialty retailer’s stock valued at $460,000 after acquiring an additional 7,277 shares during the period. Institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at ODP

In other news, EVP Zoe Maloney sold 6,800 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $36.86, for a total value of $250,648.00. Following the completion of the sale, the executive vice president now directly owns 21,932 shares in the company, valued at $808,413.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group cut their target price on ODP from $50.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, August 4th. StockNews.com upgraded ODP from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 31st.

ODP Stock Down 0.4 %

Shares of NASDAQ ODP opened at $36.37 on Monday. The stock has a market cap of $1.79 billion, a PE ratio of -20.43 and a beta of 1.85. The business has a fifty day moving average of $35.94 and a two-hundred day moving average of $39.10. The ODP Co. has a 52-week low of $28.85 and a 52-week high of $48.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.06.

ODP (NASDAQ:ODPGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.33. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.04 billion. ODP had a positive return on equity of 14.99% and a negative net margin of 1.08%. The business’s revenue was down 11.0% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. As a group, equities research analysts expect that The ODP Co. will post 4.3 earnings per share for the current fiscal year.

ODP Company Profile

(Get Rating)

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S.

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Institutional Ownership by Quarter for ODP (NASDAQ:ODP)

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