BlackRock Inc. bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,595,790 shares of the company's stock, valued at approximately $430,204,000. BlackRock Inc. owned approximately 9.26% of Ollie's Bargain Outlet at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC lifted its position in Ollie's Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company's stock worth $26,990,000 after buying an additional 73,633 shares in the last quarter. Capital World Investors grew its holdings in Ollie's Bargain Outlet by 76.5% in the 4th quarter. Capital World Investors now owns 695,464 shares of the company's stock valued at $76,230,000 after buying an additional 301,332 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Ollie's Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company's stock valued at $103,661,000 after buying an additional 277,870 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Ollie's Bargain Outlet by 70.2% in the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company's stock worth $84,711,000 after acquiring an additional 318,865 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Ollie's Bargain Outlet by 168.4% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 28,133 shares of the company's stock worth $3,084,000 after acquiring an additional 17,653 shares during the last quarter.
Ollie's Bargain Outlet Stock Down 2.3%
Shares of Ollie's Bargain Outlet stock opened at $74.61 on Wednesday. The firm has a market cap of $4.51 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $140.17. The business's fifty day simple moving average is $72.47 and its 200-day simple moving average is $86.11.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie's Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company's quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on OLLI shares. Morgan Stanley lowered their price target on shares of Ollie's Bargain Outlet from $120.00 to $108.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 4th. Wells Fargo & Company cut their price objective on shares of Ollie's Bargain Outlet from $115.00 to $100.00 and set an "overweight" rating for the company in a research report on Monday, August 17th. KeyCorp reduced their target price on shares of Ollie's Bargain Outlet from $140.00 to $98.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Gordon Haskett reiterated an "accumulate" rating and issued a $90.00 target price (down from $100.00) on shares of Ollie's Bargain Outlet in a report on Thursday, June 4th. Finally, Piper Sandler dropped their price target on shares of Ollie's Bargain Outlet from $114.00 to $113.00 and set an "overweight" rating for the company in a research note on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.20.
Check Out Our Latest Analysis on OLLI
Ollie's Bargain Outlet Company Profile
(
Free Report)
Ollie's Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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