Wednesday, October 5 2022

Commerce Bank increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI – Get Rating) by 8.5% in Q1, according to its latest SEC filing. The fund held 5,977 shares of the company after buying an additional 468 shares during the period. Commerce Bank’s holdings in Ollie’s Bargain Outlet were worth $257,000 at the end of the last quarter.

Several other institutional investors also changed their stake in OLLI. Zürcher Kantonalbank Zürcher Kantonalbank increased its stake in Ollie’s Bargain Outlet shares by 27.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,480 shares of the company worth $383,000 after acquiring an additional 1,620 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stock position in Ollie’s Bargain Outlet in the fourth quarter worth $220,000. Formidable Asset Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 116.2% in the fourth quarter. Formidable Asset Management LLC now owns 7,648 shares of the company worth $392,000 after acquiring 4,111 additional shares in the last quarter. Royce & Associates LP acquired a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth $788,000. Finally, Victory Capital Management Inc. increased its position in shares of Ollie’s Bargain Outlet by 12.6% during the 4th quarter. Victory Capital Management Inc. now owns 6,817 shares of the company worth $349,000 after purchasing an additional 764 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI shares opened at $65.77 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one-year low of $37.67 and a one-year high of $85.52. The company has a 50-day simple moving average of $62.93 and a 200-day simple moving average of $51.94. The stock has a market capitalization of $4.11 billion, a price/earnings ratio of 36.74, a PEG ratio of 2.06 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last reported quarterly results on Wednesday, June 8. The company reported earnings per share (EPS) of $0.20 for the quarter, missing analyst consensus estimates of $0.30 per ($0.10). Ollie’s Bargain Outlet posted a return on equity of 8.58% and a net margin of 6.72%. The company posted revenue of $406.70 million for the quarter, versus analyst estimates of $417.48 million. In the same quarter last year, the company made earnings per share of $0.80. The company’s revenue decreased by 10.1% compared to the same quarter last year. As a group, research analysts expect Ollie’s Bargain Outlet Holdings, Inc. to post EPS of 1.88 for the current fiscal year.

Analyst upgrades and downgrades

Several research companies have recently published reports on OLLI. Piper Sandler raised her price target on shares of Ollie’s Bargain Outlet to $78.00 in a Thursday, June 9 research report. Wells Fargo & Company raised its price target on shares of Ollie’s Bargain Outlet from $70.00 to $75.00 and gave the stock an “overweight” rating in a Thursday, July 7 research report. StockNews.com moved shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a Thursday, June 9 research report. JPMorgan Chase & Co. cut its price target on Ollie’s Bargain Outlet stock from $45.00 to $39.00 in a Tuesday, May 10 research report. Finally, Royal Bank of Canada downgraded shares of Ollie’s Bargain Outlet from an “sector performance” rating to an “outperform” rating and raised its price target for the stock from $47.00. at $65.00 in a Thursday, June 9 research report. Two equity research analysts gave the stock a sell rating, six gave the company a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Hold” and a consensus price target of $64.13.

Ollie’s Bargain Outlet Profile

(Get an evaluation)

Ollie’s Bargain Outlet Holdings, Inc. operates as a branded merchandise retailer. The company offers household, bed and bath, food, flooring, health and beauty products, books and stationery, toys and electronics. and other products, including hardware, candy, apparel, sporting goods, pet, and lawn and garden products.

See also

Want to see which other hedge funds hold OLLI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating).

Institutional ownership by quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)



Get news and reviews for Ollie’s Bargain Outlet Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Ollie’s Bargain Outlet and related companies with MarketBeat.com’s free daily email newsletter.

Previous

Divided Milton City Council sets new mileage rate amid rebuffs | Milton News

Next

New comic book store opening at Crossgates Mall

Check Also