Ollie’s Bargain Outlet Holdings, Inc. $OLLI Stock Holdings Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 177,022 shares of the company’s stock after buying an additional 15,526 shares during the period. Retirement Systems of Alabama’s holdings in Ollie’s Bargain Outlet were worth $15,162,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter worth $430,204,000. Wasatch Advisors LP lifted its position in shares of Ollie’s Bargain Outlet by 45.9% in the second 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 in the last quarter. Primecap Management Co. CA purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $67,338,000. J. Goldman & Co LP purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $41,494,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $30,660,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, September 3rd. Raymond James Financial set a $120.00 target price on Ollie’s Bargain Outlet in a research note on Monday. KeyCorp boosted their price target on Ollie’s Bargain Outlet from $98.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Tuesday, October 13th. Finally, Citigroup cut their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating for the company in a report on Friday, September 4th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $106.13.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $94.77 on Friday. The company has a market cap of $5.63 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.58 and a beta of 0.36. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $129.84. The firm’s fifty day moving average is $85.79 and its two-hundred day moving average is $86.39.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The business had revenue of $741.31 million during the quarter, compared to the consensus estimate of $747.71 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current fiscal year.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc. operates Ollie’s Bargain Outlet, a U.S. discount retailer that sells brand-name merchandise at value-oriented prices. Its stores offer a changing assortment of products, including housewares, food, books, toys, flooring, seasonal goods, electronics, health and beauty products, and apparel. The company’s closeout-focused buying model allows it to offer merchandise acquired from manufacturers and other suppliers, including excess inventory and discontinued products.