ODP (NASDAQ:ODP) Hits New 52-Week Low – Time to Sell?

The ODP Co. (NASDAQ:ODP) reached a new 52-week low during trading on Thursday . The company traded as low as $21.52 and last traded at $22.35, with a volume of 369354 shares traded. The stock had previously closed at $22.35.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ODP shares. UBS Group lowered their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

ODP Stock Performance

The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $671.93 million, a price-to-earnings ratio of -24.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The stock has a 50-day simple moving average of $25.68 and a 200-day simple moving average of $30.47.

ODP (NASDAQ:ODP) last posted its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. On average, analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current year.

Institutional Trading of ODP

Several institutional investors and hedge funds have recently bought and sold shares of ODP. State of Alaska Department of Revenue increased its holdings in shares of ODP by 2.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock valued at $569,000 after acquiring an additional 394 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock worth $4,713,000 after purchasing an additional 459 shares during the period. Quarry LP increased its stake in ODP by 170.3% during the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ODP by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock worth $2,458,000 after buying an additional 790 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

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.