ODP (NASDAQ:ODP) Reaches New 52-Week High at $52.25

The ODP Co. (NASDAQ:ODP – Get Rating) reached a new 52-week high on Wednesday . The company traded as high as $52.25 and last traded at $52.11, with a volume of 898 shares changing hands. The stock had previously closed at $51.56.

Analyst Ratings Changes

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

ODP Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.64 and a current ratio of 1.11. The business has a 50 day moving average price of $46.91 and a two-hundred day moving average price of $40.15. The company has a market cap of $2.25 billion, a P/E ratio of -21.57 and a beta of 1.79.

ODP (NASDAQ:ODP – Get Rating) last released its earnings results on Wednesday, November 2nd. The specialty retailer reported $1.48 earnings per share for the quarter. ODP had a positive return on equity of 14.35% and a negative net margin of 1.48%. The company had revenue of $2.17 billion during the quarter. On average, sell-side analysts anticipate that The ODP Co. will post 4.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in ODP by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,146,009 shares of the specialty retailer’s stock valued at $110,583,000 after purchasing an additional 45,251 shares during the period. LSV Asset Management increased its holdings in ODP by 4.6% during the 3rd quarter. LSV Asset Management now owns 1,987,690 shares of the specialty retailer’s stock valued at $69,867,000 after purchasing an additional 87,713 shares during the period. Greenlight Capital Inc. increased its holdings in ODP by 20.5% during the 2nd quarter. Greenlight Capital Inc. now owns 1,692,760 shares of the specialty retailer’s stock valued at $51,189,000 after purchasing an additional 287,670 shares during the period. Neuberger Berman Group LLC increased its holdings in ODP by 7.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,269,628 shares of the specialty retailer’s stock valued at $44,668,000 after purchasing an additional 87,174 shares during the period. Finally, Kite Lake Capital Management UK LLP increased its holdings in ODP by 2.1% during the 2nd quarter. Kite Lake Capital Management UK LLP now owns 1,035,501 shares of the specialty retailer’s stock valued at $31,314,000 after purchasing an additional 21,000 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

ODP Company Profile

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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.