ODP (NASDAQ:ODP) PT Lowered to $30.00 at UBS Group

ODP (NASDAQ:ODP) had its target price lowered by UBS Group from $53.00 to $30.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

ODP Trading Down 2.4 %

ODP traded down $0.64 on Thursday, reaching $25.52. 686,631 shares of the company’s stock were exchanged, compared to its average volume of 421,576. The company’s 50 day moving average is $38.83 and its 200-day moving average is $45.88. The company has a market cap of $916.04 million, a price-to-earnings ratio of 12.33, a PEG ratio of 0.45 and a beta of 1.59. ODP has a twelve month low of $23.69 and a twelve month high of $58.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.49 and a current ratio of 0.94.

ODP (NASDAQ:ODP) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.64). ODP had a net margin of 1.08% and a return on equity of 16.67%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business earned $0.99 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. Equities analysts predict that ODP will post 6.4 earnings per share for the current year.

Hedge Funds Weigh In On ODP

Several large investors have recently added to or reduced their stakes in ODP. Thompson Siegel & Walmsley LLC lifted its stake in ODP by 106.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer’s stock valued at $12,966,000 after buying an additional 170,149 shares during the last quarter. American Century Companies Inc. lifted its stake in ODP by 19.6% in the second quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock valued at $32,707,000 after buying an additional 136,730 shares during the last quarter. Headlands Technologies LLC lifted its stake in ODP by 125.2% in the second quarter. Headlands Technologies LLC now owns 9,383 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 5,217 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in ODP by 15.1% in the second quarter. Texas Permanent School Fund Corp now owns 33,507 shares of the specialty retailer’s stock valued at $1,316,000 after buying an additional 4,393 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in ODP by 10.9% in the second quarter. Arizona State Retirement System now owns 10,251 shares of the specialty retailer’s stock valued at $403,000 after buying an additional 1,006 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors.

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.