Tidal Investments LLC increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 35.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 241,268 shares of the company’s stock after purchasing an additional 63,607 shares during the period. Tidal Investments LLC’s holdings in Ollie’s Bargain Outlet were worth $18,549,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in OLLI. BlackRock Inc. purchased a new position in Ollie’s Bargain Outlet in the 2nd quarter worth $430,204,000. California State Teachers Retirement System grew its stake in shares of Ollie’s Bargain Outlet by 7,370.7% during the second quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock valued at $422,178,000 after buying an additional 5,417,879 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after buying an additional 1,371,744 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after buying an additional 1,296,672 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $136,152,000.
Ollie’s Bargain Outlet Trading Down 0.6%
Shares of Ollie’s Bargain Outlet stock opened at $71.92 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $139.21. The company has a market cap of $4.27 billion, a P/E ratio of 16.05, a PEG ratio of 1.20 and a beta of 0.50. The company’s fifty day simple moving average is $72.35 and its two-hundred day simple moving average is $82.92.
Analyst Ratings Changes
Several brokerages recently weighed in on OLLI. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. The Goldman Sachs Group dropped their price objective on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Loop Capital reaffirmed a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. JPMorgan Chase & Co. increased 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 report on Tuesday, August 18th. Finally, Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $102.43.
Get Our Latest Stock Analysis on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet 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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