Russell Investments Group Ltd. Boosts Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Russell Investments Group Ltd. increased its stake in Ollie's Bargain Outlet by 36.4% during the first quarter, now owning 55,037 shares valued at approximately $6.4 million.
• JPMorgan Chase & Co. raised its price target for Ollie's from $137.00 to $159.00, citing an "overweight" rating, while multiple analysts maintain a consensus "Moderate Buy" with an average price target of $130.79.
• CEO Eric Van Der Valk sold 728 shares at an average price of $112.85, marking an 8.58% decrease in his stock holdings.

Russell Investments Group Ltd. boosted its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,037 shares of the company's stock after buying an additional 14,699 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Ollie's Bargain Outlet worth $6,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OLLI. Barclays PLC raised its holdings in Ollie's Bargain Outlet by 75.9% in the 4th quarter. Barclays PLC now owns 72,671 shares of the company's stock valued at $7,976,000 after buying an additional 31,364 shares during the period. Mariner LLC grew its position in Ollie's Bargain Outlet by 15.6% in the 4th quarter. Mariner LLC now owns 14,950 shares of the company's stock valued at $1,640,000 after acquiring an additional 2,022 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Ollie's Bargain Outlet by 0.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 50,069 shares of the company's stock valued at $5,492,000 after acquiring an additional 325 shares in the last quarter. GeoWealth Management LLC acquired a new position in Ollie's Bargain Outlet in the 4th quarter valued at about $38,000. Finally, Dimensional Fund Advisors LP grew its position in Ollie's Bargain Outlet by 2.0% in 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 in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OLLI shares. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Truist Financial boosted their price objective on Ollie's Bargain Outlet from $128.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price objective on Ollie's Bargain Outlet from $133.00 to $144.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Finally, KeyCorp set a $145.00 price objective on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus target price of $130.79.

Insiders Place Their Bets

In related news, CEO Der Valk Eric Van sold 728 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 through the SEC website. 0.75% of the stock is currently owned by insiders.

Ollie's Bargain Outlet Trading Down 1.4%

OLLI stock traded down $1.94 during trading on Friday, hitting $132.19. 1,689,683 shares of the company's stock were exchanged, compared to its average volume of 852,849. The business has a 50-day moving average price of $131.77 and a two-hundred day moving average price of $116.87. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.96 and a beta of 0.40. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.29 and a 52-week high of $141.74.

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 for the quarter, topping the consensus estimate of $0.70 by $0.05. The firm had revenue of $576.77 million during 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 was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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.