Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Maverick Capital Ltd.

Maverick Capital Ltd. lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 94.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,717 shares of the company’s stock after selling 42,344 shares during the quarter. Maverick Capital Ltd.’s holdings in Ollie’s Bargain Outlet were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in Ollie’s Bargain Outlet by 315.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after acquiring an additional 1,296,672 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter worth $136,152,000. Norges Bank acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $85,845,000. Invesco Ltd. grew its position in shares of Ollie’s Bargain Outlet by 17.2% in the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after buying an additional 440,243 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $44,168,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OLLI shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, July 8th. Royal Bank Of Canada dropped their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Piper Sandler set a $114.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. The Goldman Sachs Group cut their price target on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. Finally, Wells Fargo & Company decreased their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $113.13.

Get Our Latest Analysis on OLLI

Ollie’s Bargain Outlet Stock Up 3.5%

Shares of Ollie’s Bargain Outlet stock opened at $71.37 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $141.74. The business’s fifty day moving average is $73.89 and its two-hundred day moving average is $91.01. The firm has a market cap of $4.31 billion, a PE ratio of 17.62, a P/E/G ratio of 1.22 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating 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 business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

About Ollie’s Bargain Outlet

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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