Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 63.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,385 shares of the company’s stock after purchasing an additional 40,705 shares during the quarter. New York State Common Retirement Fund owned 0.17% of Ollie’s Bargain Outlet worth $13,403,000 as of its most recent SEC filing.

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

Ollie’s Bargain Outlet Stock Down 0.2%

Shares of Ollie’s Bargain Outlet stock opened at $110.05 on Tuesday. The firm’s 50 day moving average is $114.39 and its two-hundred day moving average is $124.32. The firm has a market capitalization of $6.75 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.95 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $94.88 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $613.62 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on OLLI shares. The Goldman Sachs Group restated a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Truist Financial set a $142.00 price target on Ollie’s Bargain Outlet in a research report on Friday, January 16th. Wells Fargo & Company lowered their price objective on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Finally, UBS Group dropped their target price on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.14.

Ollie’s Bargain Outlet Company 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.