ODP (NASDAQ:ODP) Hits New 1-Year Low – Should You Sell?

Shares of The ODP Co. (NASDAQ:ODP) hit a new 52-week low during trading on Monday . The company traded as low as $21.30 and last traded at $21.79, with a volume of 22262 shares. The stock had previously closed at $22.60.

Analysts Set New Price Targets

ODP has been the topic of several recent analyst reports. StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, January 31st. UBS Group cut their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

ODP Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The stock has a 50 day moving average price of $24.31 and a 200 day moving average price of $28.30.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.89). The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 EPS. As a group, research analysts expect that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its holdings in shares of ODP by 2.1% during the third 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 in the last quarter. Principal Financial Group Inc. grew its holdings in shares of ODP by 0.3% during the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after buying an additional 459 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ODP by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock valued at $2,458,000 after acquiring an additional 790 shares in the last quarter. KBC Group NV raised its holdings in ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 868 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in ODP by 1.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock valued at $2,119,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors 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.