Divisadero Street Capital Management LP Takes $1.55 Million Position in The ODP Co. (NASDAQ:ODP)

Divisadero Street Capital Management LP purchased a new position in shares of The ODP Co. (NASDAQ:ODP) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 68,328 shares of the specialty retailer’s stock, valued at approximately $1,554,000.

Several other large investors have also bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of ODP by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer’s stock valued at $23,041,000 after acquiring an additional 64,641 shares during the last quarter. Neuberger Berman Group LLC increased its stake in ODP by 0.5% in the fourth quarter. Neuberger Berman Group LLC now owns 911,604 shares of the specialty retailer’s stock valued at $20,697,000 after purchasing an additional 4,569 shares in the last quarter. Atlas FRM LLC bought a new stake in ODP in the fourth quarter valued at approximately $17,856,000. Northern Trust Corp boosted its position in shares of ODP by 13.0% during the fourth quarter. Northern Trust Corp now owns 600,027 shares of the specialty retailer’s stock worth $13,645,000 after purchasing an additional 69,198 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in ODP by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer’s stock worth $11,179,000 after acquiring an additional 10,137 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Trading Down 2.2 %

NASDAQ ODP opened at $13.63 on Wednesday. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The stock’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $20.98. The stock has a market capitalization of $406.42 million, a price-to-earnings ratio of -14.98, a PEG ratio of 0.30 and a beta of 1.29.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of ODP from a “hold” rating to a “buy” rating in a report on Thursday, May 1st.

ODP Company Profile

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.