Primecap Management Co. CA Buys New Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Primecap Management Co. CA purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, HoldingsChannel reports. The institutional investor purchased 875,890 shares of the company’s stock, valued at approximately $67,338,000.

Several other hedge funds have also modified their holdings of the stock. Cornerstone Planning Group LLC increased its stake in Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after purchasing an additional 92 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in shares of Ollie’s Bargain Outlet by 190.5% during the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after acquiring an additional 320 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $74.27 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $140.17. The stock has a fifty day moving average of $72.40 and a two-hundred day moving average of $85.89. The firm has a market capitalization of $4.49 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.32 and a beta of 0.46.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on OLLI. Wells Fargo & Company cut their target price on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Piper Sandler dropped their price target on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. The Goldman Sachs Group cut their price target on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Gordon Haskett restated an “accumulate” rating and set a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Finally, Loop Capital restated a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $109.47.

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.