MetLife Investment Management LLC Has $20.93 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• MetLife Investment Management LLC increased its holdings in Ollie's Bargain Outlet by 420.2%, owning approximately $20.93 million worth of shares after acquiring an additional 145,276 shares in the first quarter.
• Ollie's Bargain Outlet reported a 13.4% increase in revenue year-over-year for the latest quarter, posting $576.77 million, and exceeded EPS estimates with earnings of $0.75 per share.
• Analysts have set a variety of price targets for Ollie's stock, with JPMorgan increasing its target to $159.00 and the average target currently at $130.79, reflecting a consensus of "Moderate Buy" among investment analysts.

MetLife Investment Management LLC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 420.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 179,851 shares of the company's stock after purchasing an additional 145,276 shares during the quarter. MetLife Investment Management LLC owned about 0.29% of Ollie's Bargain Outlet worth $20,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OLLI. HM Payson & Co. acquired a new position in Ollie's Bargain Outlet during the 1st quarter worth approximately $30,000. City Holding Co. acquired a new position in Ollie's Bargain Outlet during the 1st quarter worth approximately $31,000. Putney Financial Group LLC acquired a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $33,000. GeoWealth Management LLC acquired a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $38,000. Finally, Opal Wealth Advisors LLC acquired a new position in Ollie's Bargain Outlet during the 1st quarter worth approximately $38,000.

Ollie's Bargain Outlet Trading Down 1.4%

OLLI opened at $132.19 on Monday. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.29 and a 1-year high of $141.74. The stock's fifty day simple moving average is $131.77 and its 200 day simple moving average is $116.93. The stock has a market cap of $8.11 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.96 and a beta of 0.40.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The firm's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Truist Financial increased their price objective on Ollie's Bargain Outlet from $128.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Loop Capital downgraded 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. Piper Sandler increased their price objective on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. 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. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $130.79.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by insiders.

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.

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