Quantitative Investment Management LLC Has $1.63 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Quantitative Investment Management LLC lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 247.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,197 shares of the company’s stock after acquiring an additional 15,089 shares during the period. Quantitative Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $1,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its stake in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Quarry LP bought a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at about $55,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of Ollie’s Bargain Outlet by 131.6% in the first 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.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $75.42 on Tuesday. The firm has a market capitalization of $4.56 billion, a PE ratio of 18.62, a P/E/G ratio of 1.28 and a beta of 0.46. The company’s 50-day moving average is $72.24 and its 200-day moving average is $85.05. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $139.21.

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

Analyst Ratings Changes

OLLI has been the subject of a number of research reports. Gordon Haskett reiterated an “accumulate” rating and set a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. UBS Group reduced their price target on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday. Loop Capital reiterated a “buy” rating and issued a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

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.