Nuveen LLC Invests $24.45 Million in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Nuveen LLC bought a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 210,141 shares of the company's stock, valued at approximately $24,452,000. Nuveen LLC owned about 0.34% of Ollie's Bargain Outlet as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Ollie's Bargain Outlet by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,242,332 shares of the company's stock valued at $136,325,000 after acquiring an additional 24,890 shares during the last quarter. Geneva Capital Management LLC boosted its position in shares of 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 acquiring an additional 10,913 shares during the last quarter. Bank of New York Mellon Corp raised its holdings 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 buying an additional 179,452 shares during the period. Stephens Investment Management Group LLC raised its holdings in Ollie's Bargain Outlet by 13.3% during 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. Finally, Hood River Capital Management LLC raised its holdings in Ollie's Bargain Outlet by 2.9% during the 4th quarter. Hood River Capital Management LLC now owns 787,934 shares of the company's stock valued at $86,460,000 after buying an additional 21,941 shares during the period.

Insider Transactions at Ollie's Bargain Outlet

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

Analysts Set New Price Targets

Several analysts recently weighed in on OLLI shares. Royal Bank Of Canada increased their price target on Ollie's Bargain Outlet from $133.00 to $144.00 and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. increased their target price on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Piper Sandler increased their target price on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Loop Capital lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research note on Tuesday, June 24th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average price target of $130.79.

Ollie's Bargain Outlet Stock Performance

OLLI traded down $1.9620 on Friday, hitting $132.1680. The company had a trading volume of 1,016,426 shares, compared to its average volume of 1,156,831. The stock has a fifty day moving average price of $131.41 and a 200-day moving average price of $116.62. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.29 and a 12-month high of $141.74. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 3.02 and a beta of 0.40.

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

Ollie's Bargain Outlet 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.