ODPODP
Market Cap: $986M
About: The ODP Corp operates an integrated B2B distribution platform with divisions focusing on various sectors: ODP Business Solutions serves small to enterprise-level companies with office supplies, technology, furniture, and services. Office Depot Division caters to retail consumers and small businesses through retail locations and eCommerce platforms, offering office supplies, technology, and business services. Veyer Division specializes in supply chain, distribution, and procurement services for both internal and third-party customers, with a focus on global operations. Varis Division offers a tech-enabled B2B indirect procurement marketplace, providing a seamless buying experience and advanced spend management tools. Revenue primarily stems from the Veyer division.
Employees: 25,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
30% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 64
29% more call options, than puts
Call options by funds: $2.8M | Put options by funds: $2.17M
1% less funds holding
Funds holding: 224 [Q1] → 222 (-2) [Q2]
5% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 38
4.2% less ownership
Funds ownership: 96.33% [Q1] → 92.14% (-4.2%) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
31% less capital invested
Capital invested by funds: $1.87B [Q1] → $1.3B (-$572M) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
UBS Michael Lasser 65% 1-year accuracy 20 / 31 met price target | 2%upside $30 | Neutral Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 5 articles about ODP published over the past 30 days