Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Amundi

Key Points

• Amundi cut its Ollie’s Bargain Outlet stake by 56.4% in the first quarter, selling 50,299 shares and retaining 38,958 shares valued at approximately $3.6 million.
• Analysts remain broadly positive, with 13 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $111.07, although several firms recently lowered their targets.
• OLLI shares opened at $77.97, well below their 12-month high of $141.08. The company beat quarterly EPS estimates—$0.91 versus $0.87—and reported 14.2% year-over-year revenue growth.

Amundi trimmed its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 56.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,958 shares of the company's stock after selling 50,299 shares during the quarter. Amundi owned approximately 0.06% of Ollie's Bargain Outlet worth $3,586,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Planning Group LLC increased its position in shares of Ollie's Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company's stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP grew its stake in shares of Ollie's Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company's stock valued at $28,000 after buying an additional 166 shares in the last quarter. Maseco LLP purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. increased its stake in Ollie's Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company's stock worth $31,000 after purchasing an additional 92 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in Ollie's Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock worth $44,000 after buying an additional 271 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OLLI. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $70.00 price target (down from $152.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 16th. Gordon Haskett restated an "accumulate" rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie's Bargain Outlet in a research note on Thursday, June 4th. KeyCorp dropped their price objective on Ollie's Bargain Outlet from $140.00 to $98.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Finally, UBS Group set a $80.00 target price on Ollie's Bargain Outlet in a research report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.07.

Ollie's Bargain Outlet Trading Down 0.5%

Shares of OLLI stock opened at $77.97 on Friday. The company has a market capitalization of $4.71 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.38 and a beta of 0.46. The business's 50 day moving average is $73.21 and its two-hundred day moving average is $89.24. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $60.29 and a twelve month high of $141.08.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results 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 business 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 revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current fiscal year.

Ollie's Bargain Outlet Company Profile

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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