Quantitative Investment Management LLC Buys 15,089 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Quantitative Investment Management LLC grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 247.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,197 shares of the company’s stock after acquiring an additional 15,089 shares during the period. Quantitative Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth about $430,204,000. Wasatch Advisors LP raised its holdings in Ollie’s Bargain Outlet by 45.9% in the 2nd quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after acquiring an additional 1,371,744 shares during the period. Invesco Ltd. lifted its position in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after acquiring an additional 1,296,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ollie’s Bargain Outlet by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after acquiring an additional 72,781 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently commented on OLLI. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $121.00 target price on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Gordon Haskett restated an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Piper Sandler decreased their price objective on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Finally, Morgan Stanley lowered their price objective on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. 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 presently has an average rating of “Moderate Buy” and an average price target of $107.29.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $75.42 on Tuesday. The business has a fifty day moving average price of $72.24 and a two-hundred day moving average price of $85.05. The stock has a market capitalization of $4.56 billion, a PE ratio of 18.62, a P/E/G ratio of 1.28 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the prior year, the firm posted $0.75 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

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.