Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in Ollie's Bargain Outlet by 1.6%, selling 2,681 shares, and now holds approximately 0.26% of the company's stock valued at $18.24 million.
• The company reported $0.99 EPS for the latest quarter, surpassing estimates and achieving a year-over-year revenue increase of 17.5% to $679.56 million.
• Several research firms have raised their price targets for Ollie's stock, with Piper Sandler increasing it from $123 to $150 and maintaining an "overweight" rating.

AQR Capital Management LLC lessened its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,935 shares of the company's stock after selling 2,681 shares during the quarter. AQR Capital Management LLC owned 0.26% of Ollie's Bargain Outlet worth $18,241,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Geneva Capital Management LLC grew its stake in Ollie's Bargain Outlet by 1.1% during the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock valued at $122,115,000 after purchasing an additional 10,913 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Ollie's Bargain Outlet by 25.5% during the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock valued at $102,629,000 after purchasing an additional 179,452 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock valued at $98,301,000 after buying an additional 615,257 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Ollie's Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company's stock valued at $96,428,000 after buying an additional 468,944 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Ollie's Bargain Outlet by 13.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock valued at $94,168,000 after buying an additional 95,204 shares during the period.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the transaction, the senior vice president owned 2,504 shares of the company's stock, valued at $325,520. This represents a 45.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OLLI. JPMorgan Chase & Co. boosted their price objective on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Jefferies Financial Group boosted their price objective on Ollie's Bargain Outlet from $111.00 to $135.00 and gave the company a "hold" rating in a report on Friday, August 29th. Wells Fargo & Company boosted their price objective on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Loop Capital cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective for the company. in a report on Tuesday, June 24th. Finally, KeyCorp set a $145.00 price objective on Ollie's Bargain Outlet and gave the company an "overweight" rating in a report on Thursday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.46.

Ollie's Bargain Outlet Price Performance

NASDAQ OLLI traded up $4.72 during trading hours on Monday, reaching $136.25. The company's stock had a trading volume of 1,295,573 shares, compared to its average volume of 1,226,230. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 2.69 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The company's 50-day moving average is $132.60 and its two-hundred day moving average is $119.99.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.08. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The company had revenue of $679.56 million during the quarter, compared to analysts' expectations of $658.03 million. During the same quarter in the prior year, the firm posted $0.78 EPS. Ollie's Bargain Outlet's quarterly revenue was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.