ODP (NASDAQ:ODP) Sets New 52-Week High at $49.17

The ODP Co. (NASDAQ:ODPGet Rating)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.17 and last traded at $49.12, with a volume of 13459 shares. The stock had previously closed at $47.84.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on ODP in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

ODP Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.28 billion, a P/E ratio of -21.85 and a beta of 1.79. The firm has a 50-day simple moving average of $45.29 and a 200-day simple moving average of $38.98.

ODP (NASDAQ:ODPGet Rating) last announced its earnings results on Wednesday, November 2nd. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter. The business had revenue of $2.17 billion for the quarter. ODP had a positive return on equity of 14.35% and a negative net margin of 1.48%. As a group, analysts forecast that The ODP Co. will post 4.3 EPS for the current year.

Institutional Trading of ODP

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new stake in shares of ODP during the 2nd quarter valued at $42,000. Quantbot Technologies LP purchased a new stake in shares of ODP during the 3rd quarter valued at $101,000. PNC Financial Services Group Inc. lifted its holdings in shares of ODP by 9.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 270 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of ODP by 15.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,470 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 470 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of ODP during the 2nd quarter valued at $119,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

About ODP

(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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