Mutual of America Capital Management LLC Has $7.12 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Mutual of America Capital Management LLC decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 23.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,436 shares of the company’s stock after selling 16,664 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Ollie’s Bargain Outlet worth $7,118,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Assetmark Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares during the period. Blue Barn Wealth LLC grew its position in shares of Ollie’s Bargain Outlet by 2.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock worth $410,000 after buying an additional 86 shares during the period. MAI Capital Management increased its stake in shares of Ollie’s Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after acquiring an additional 88 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after acquiring an additional 90 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Ollie’s Bargain Outlet by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after acquiring an additional 91 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OLLI. The Goldman Sachs Group restated a “buy” rating and issued a $162.00 target price on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Truist Financial set a $142.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, January 16th. Citigroup dropped their price objective on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $111.00 on Wednesday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.01 and a beta of 0.48. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.88 and a 52-week high of $141.74. The stock’s 50-day simple moving average is $115.42 and its 200 day simple moving average is $124.86.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its 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 firm had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company 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.