Pacer Advisors Inc. Purchases Shares of 205,080 The ODP Corporation $ODP

Pacer Advisors Inc. acquired a new position in shares of The ODP Corporation (NASDAQ:ODP) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 205,080 shares of the specialty retailer’s stock, valued at approximately $5,711,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ODP. Nuveen LLC bought a new stake in shares of ODP in the 1st quarter worth about $1,369,000. AlphaQuest LLC acquired a new position in ODP in the first quarter valued at about $41,000. Walleye Capital LLC boosted its position in ODP by 83.2% in the first quarter. Walleye Capital LLC now owns 20,389 shares of the specialty retailer’s stock valued at $292,000 after buying an additional 9,262 shares in the last quarter. State of Wyoming increased its holdings in shares of ODP by 232.5% during the first quarter. State of Wyoming now owns 5,859 shares of the specialty retailer’s stock worth $84,000 after buying an additional 4,097 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in shares of ODP by 44.4% in the first quarter. Vident Advisory LLC now owns 30,191 shares of the specialty retailer’s stock valued at $433,000 after acquiring an additional 9,276 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ODP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ODP in a report on Monday, December 8th. UBS Group upped their target price on shares of ODP from $19.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Noble Financial lowered shares of ODP from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $28.00.

ODP Trading Up 0.0%

NASDAQ ODP opened at $28.00 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.45. The ODP Corporation has a one year low of $11.85 and a one year high of $28.83. The stock’s 50-day moving average is $27.91 and its 200-day moving average is $23.55. The firm has a market cap of $843.30 million, a P/E ratio of -80.00, a P/E/G ratio of 0.62 and a beta of 1.15.

ODP (NASDAQ:ODP) last announced its earnings results on Wednesday, November 5th. The specialty retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.32. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. ODP had a negative net margin of 0.14% and a positive return on equity of 12.84%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. Sell-side analysts anticipate that The ODP Corporation will post 3.26 earnings per share for the current fiscal year.

About ODP

Office Depot, Inc (NASDAQ: ODP) is a leading provider of office products, services and solutions designed to help individuals and businesses improve productivity and efficiency. Headquartered in Boca Raton, Florida, Office Depot operates a network of retail stores under the Office Depot and OfficeMax brands alongside a comprehensive e-commerce platform. The company caters to a diverse customer base that includes home offices, small- and medium-sized businesses, large enterprises, educational institutions and government agencies.

Through its retail and online channels, Office Depot offers a broad portfolio of office essentials such as paper, writing instruments, filing supplies and ink and toner, as well as technology products including computers, tablets, networking equipment and related accessories.