Strs Ohio Cuts Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Strs Ohio reduced its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 87.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,464 shares of the company’s stock after selling 10,576 shares during the period. Strs Ohio’s holdings in Ollie’s Bargain Outlet were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP increased its stake in Ollie’s Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. increased its stake in Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after buying an additional 911,364 shares during the period. Hood River Capital Management LLC lifted its holdings in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after buying an additional 773,013 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after acquiring an additional 5,000 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after purchasing an additional 79,627 shares during the period.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $110.05 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $94.88 and a fifty-two week high of $141.74. The firm has a 50-day simple moving average of $114.39 and a 200-day simple moving average of $124.32. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.95 and a beta of 0.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OLLI shares. Wells Fargo & Company decreased their price objective on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Piper Sandler reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Morgan Stanley decreased their price target on Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Truist Financial set a $142.00 price objective on Ollie’s Bargain Outlet in a report on Friday, January 16th. Finally, Citigroup decreased their target price on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

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.