Public Employees Retirement System of Ohio Acquires New Shares in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Public Employees Retirement System of Ohio acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,959 shares of the company's stock, valued at approximately $1,381,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LP bought a new position in Ollie's Bargain Outlet in the second quarter valued at about $477,000. Bank of America Corp DE bought a new stake in shares of Ollie's Bargain Outlet during the second quarter worth about $22,758,000. Man Group plc bought a new stake in shares of Ollie's Bargain Outlet during the second quarter worth about $11,739,000. Western Wealth Management LLC acquired a new position in shares of Ollie's Bargain Outlet in the second quarter valued at approximately $301,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Ollie's Bargain Outlet in the second quarter valued at approximately $10,102,000.

Ollie's Bargain Outlet Price Performance

Shares of OLLI opened at $76.57 on Tuesday. The business has a 50-day moving average of $72.45 and a 200-day moving average of $83.68. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.50. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $139.21.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to analysts' expectations of $747.71 million. Ollie's Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OLLI shares. Truist Financial lifted their target price on shares of Ollie's Bargain Outlet from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company set a $98.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Ollie's Bargain Outlet from $70.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, August 18th. Citigroup cut their price target on shares of Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating on the stock in a report on Friday. Finally, Gordon Haskett reissued 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. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.43.

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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