Owlhouse Capital LP Takes Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Owlhouse Capital LP acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 36,804 shares of the company’s stock, valued at approximately $3,387,000. Ollie’s Bargain Outlet accounts for approximately 4.5% of Owlhouse Capital LP’s portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently modified their holdings of OLLI. Peregrine Capital Management LLC raised 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 worth $13,234,000 after acquiring an additional 21,138 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock valued at $26,990,000 after acquiring 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 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after purchasing an additional 301,332 shares in the last quarter. Capital Research Global Investors raised its stake in Ollie’s Bargain Outlet by 70.2% in the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after purchasing an additional 318,865 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Ollie’s Bargain Outlet by 80.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock valued at $23,352,000 after purchasing an additional 95,011 shares in the last quarter.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, July 8th. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price target for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Weiss Ratings lowered Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada decreased their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $113.13.

Check Out Our Latest Research Report on OLLI

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $66.31 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $141.74. The firm has a market capitalization of $4.01 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.17 and a beta of 0.47. The business’s 50-day simple moving average is $74.61 and its 200-day simple moving average is $91.96.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the previous year, the company posted $0.75 earnings per share. Ollie’s Bargain Outlet’s 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, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current fiscal 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.

See Also

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

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