Amundi Lowers Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Amundi reduced its Ollie’s Bargain Outlet stake by 89% in the second quarter, leaving it with 4,295 shares valued at approximately $330,000. Other major institutions, including BlackRock, Wasatch Advisors and Goldman Sachs, increased their positions.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $102.43, versus the stock’s recent price of $76.20.
• Ollie’s beat quarterly EPS estimates, reporting $1.42 versus $1.12 expected, while revenue of $741.31 million fell slightly short of forecasts. Longer-term earnings estimates were subsequently lowered, signaling more cautious expectations for future profitability.

Amundi cut its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 89.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,295 shares of the company's stock after selling 34,663 shares during the period. Amundi's holdings in Ollie's Bargain Outlet were worth $330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Ollie's Bargain Outlet in the 2nd quarter valued at about $430,204,000. Wasatch Advisors LP grew its holdings in shares of Ollie's Bargain Outlet by 45.9% in the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company's stock valued at $335,356,000 after acquiring an additional 1,371,744 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Ollie's Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company's stock valued at $187,117,000 after acquiring an additional 1,296,672 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ollie's Bargain Outlet by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company's stock valued at $117,098,000 after acquiring an additional 72,781 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Ollie's Bargain Outlet by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 1,217,762 shares of the company's stock worth $133,504,000 after acquiring an additional 56,948 shares during the period.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of recent analyst reports. Gordon Haskett restated an "accumulate" rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie's Bargain Outlet in a research note on Thursday, June 4th. KeyCorp reissued an "overweight" rating on shares of Ollie's Bargain Outlet in a report on Thursday, September 3rd. UBS Group reduced their price target on shares of Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, August 27th. Piper Sandler set a $98.00 price objective on shares of Ollie's Bargain Outlet in a report on Thursday, September 3rd. Finally, Truist Financial boosted their target price on shares of Ollie's Bargain Outlet from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.43.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $76.20 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $139.21. The business's fifty day moving average price is $73.07 and its 200-day moving average price is $81.77. The stock has a market capitalization of $4.53 billion, a PE ratio of 17.01, a P/E/G ratio of 1.21 and a beta of 0.50.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to analysts' expectations of $747.71 million. Ollie's Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current fiscal year.

Key Headlines Impacting Ollie's Bargain Outlet

Here are the key news stories impacting Ollie's Bargain Outlet this week:

• Positive Sentiment: Ollie’s plans to open a new location in Waterville, Maine, this fall. The additional store should modestly expand the company’s retail footprint and could support future sales growth. Ollie’s Bargain Outlet to open location in Waterville this fall
• Positive Sentiment: Zacks Research raised its fiscal 2027 EPS estimate to $4.62 from $4.52, slightly above the current full-year consensus estimate of $4.60. This suggests analysts still expect earnings growth over the medium term.
• Negative Sentiment: Zacks lowered its fiscal 2028 EPS forecast to $4.87 from $5.12 and its fiscal 2029 estimate to $5.32 from $5.81. These reductions indicate more cautious expectations for longer-term profitability.
• Negative Sentiment: The firm also cut estimates for several future quarters, including Q3 2027 EPS to $0.76 from $0.83, Q4 2027 to $1.53 from $1.60, Q1 2028 to $1.00 from $1.02, Q2 2028 to $1.22 from $1.34, Q3 2028 to $0.95 from $1.01, Q4 2028 to $1.70 from $1.75, Q1 2029 to $1.10 from $1.17, and Q2 2029 to $1.33 from $1.53.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates a chain of value-oriented retail stores under the Ollie's Bargain Outlet name. The company purchases closeout, excess, overstock, discontinued and salvage merchandise from manufacturers, distributors and other retailers, allowing it to offer products at discounted prices.

Its merchandise assortment typically includes housewares, food, hardware, toys, seasonal goods, apparel, health and personal-care products, books, flooring and other home-related items.

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