AQR Capital Management LLC Sells 2,681 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

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 reduced its stake 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 filing with the Securities & Exchange Commission. The institutional investor owned 159,935 shares of the company's stock after selling 2,681 shares during the period. AQR Capital Management LLC owned 0.26% of Ollie's Bargain Outlet worth $18,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OLLI. Captrust Financial Advisors grew its holdings in shares of Ollie's Bargain Outlet by 166.1% during the 4th quarter. Captrust Financial Advisors now owns 7,815 shares of the company's stock valued at $858,000 after acquiring an additional 4,878 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Ollie's Bargain Outlet by 42.2% during the 4th quarter. Cetera Investment Advisers now owns 19,084 shares of the company's stock valued at $2,094,000 after acquiring an additional 5,660 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Ollie's Bargain Outlet by 253.3% during the 4th quarter. Deutsche Bank AG now owns 17,168 shares of the company's stock valued at $1,884,000 after acquiring an additional 12,308 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of Ollie's Bargain Outlet by 20.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company's stock valued at $398,000 after acquiring an additional 611 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $893,000.

Ollie's Bargain Outlet Trading Down 0.0%

NASDAQ:OLLI traded down $0.04 during mid-day trading on Friday, hitting $131.53. The company's stock had a trading volume of 777,231 shares, compared to its average volume of 1,238,665. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.88 and a fifty-two week high of $141.74. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 2.69 and a beta of 0.45. The stock has a fifty day moving average of $132.43 and a 200-day moving average of $119.61.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie's Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company'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. On average, equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

OLLI has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Truist Financial boosted their target price on shares of Ollie's Bargain Outlet from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Citigroup reaffirmed a "buy" rating on shares of Ollie's Bargain Outlet in a research report on Friday, August 29th. Jefferies Financial Group upped their price objective on shares of Ollie's Bargain Outlet from $111.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, August 29th. Finally, Piper Sandler upped their price objective on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $143.46.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the sale, the senior vice president directly owned 2,504 shares of the company's stock, valued at approximately $325,520. This represents a 45.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company's stock.

About Ollie's Bargain Outlet

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.