Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Ollie’s Bargain Outlet stake by 8.7% in the first quarter, selling 27,888 shares and retaining 293,931 shares worth approximately $27.1 million.
• Several other institutional investors increased their positions, including Capital World Investors, Capital Research Global Investors, and Stephens Investment Management Group.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $111.07. Ollie’s shares opened at $76.49, while the company recently reported quarterly EPS of $0.91, above estimates, and 14.2% year-over-year revenue growth.

Bank of America Corp DE lowered its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 8.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,931 shares of the company's stock after selling 27,888 shares during the period. Bank of America Corp DE owned about 0.48% of Ollie's Bargain Outlet worth $27,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OLLI. Peregrine Capital Management LLC lifted its holdings in shares of Ollie's Bargain Outlet by 21.2% in the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company's stock valued at $13,234,000 after purchasing an additional 21,138 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Ollie's Bargain Outlet by 42.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company's stock worth $26,990,000 after purchasing an additional 73,633 shares during the last quarter. Capital World Investors increased its position in Ollie's Bargain Outlet by 76.5% during the fourth quarter. Capital World Investors now owns 695,464 shares of the company's stock worth $76,230,000 after buying an additional 301,332 shares during the last quarter. Stephens Investment Management Group LLC increased its position in Ollie's Bargain Outlet by 32.8% during the first quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company's stock worth $103,661,000 after buying an additional 277,870 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Ollie's Bargain Outlet by 70.2% in the fourth quarter. Capital Research Global Investors now owns 772,837 shares of the company's stock worth $84,711,000 after buying an additional 318,865 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OLLI. Piper Sandler set a $114.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 3rd. Gordon Haskett restated an "accumulate" rating and set a $90.00 price target (down from $100.00) on shares of Ollie's Bargain Outlet in a report on Thursday, June 4th. KeyCorp lowered their price target on Ollie's Bargain Outlet from $140.00 to $98.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $70.00 target price (down from $152.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.07.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $76.49 on Monday. The firm has a market capitalization of $4.62 billion, a PE ratio of 18.89, a PEG ratio of 1.35 and a beta of 0.46. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $140.54. The business's 50 day moving average is $73.20 and its 200-day moving average is $87.73.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie's Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million during the quarter, compared to analysts' expectations of $661.65 million. During the same period last year, the business earned $0.75 earnings per share. Ollie's Bargain Outlet's quarterly revenue was up 14.2% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

About Ollie's Bargain Outlet

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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