JPMorgan Chase & Co. Has $78.68 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

JPMorgan Chase & Co. decreased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 612,750 shares of the company’s stock after selling 26,667 shares during the period. JPMorgan Chase & Co.’s holdings in Ollie’s Bargain Outlet were worth $78,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after buying an additional 911,364 shares during the period. Hood River Capital Management LLC boosted its stake in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after acquiring an additional 773,013 shares during the last quarter. Norges Bank acquired a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $83,622,000. Franklin Resources Inc. increased its stake in Ollie’s Bargain Outlet by 5,089.0% in the second quarter. Franklin Resources Inc. now owns 197,338 shares of the company’s stock valued at $26,005,000 after purchasing an additional 193,535 shares in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in Ollie’s Bargain Outlet in the second quarter worth $23,589,000.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $112.06, for a total transaction of $126,179.56. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OLLI shares. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. UBS Group reduced their target price on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. Morgan Stanley lowered their price target on Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Wall Street Zen lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Royal Bank Of Canada set a $140.00 price objective on Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $142.14.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $107.22 on Tuesday. The firm has a market cap of $6.58 billion, a PE ratio of 29.62, a P/E/G ratio of 1.66 and a beta of 0.51. The business’s 50 day simple moving average is $112.02 and its 200 day simple moving average is $121.62. 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 results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 net margin of 8.81% and a return on equity of 12.86%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 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.