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

JPMorgan Chase & Co. trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 612,750 shares of the company’s stock after selling 26,667 shares during the period. JPMorgan Chase & Co. owned about 1.00% of Ollie’s Bargain Outlet worth $78,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OLLI. Wasatch Advisors LP grew its holdings in shares of Ollie’s Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the last quarter. Invesco Ltd. lifted its holdings in Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after purchasing an additional 911,364 shares during the last quarter. Hood River Capital Management LLC boosted its position in Ollie’s Bargain Outlet by 165.4% in the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after buying an additional 773,013 shares in the last quarter. Geode Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after buying an additional 5,000 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 7.6% during the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock worth $148,791,000 after buying an additional 79,627 shares in the last quarter.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Stock Down 1.4%

Ollie’s Bargain Outlet stock opened at $107.22 on Tuesday. The business’s 50-day simple moving average is $112.02 and its 200 day simple moving average is $121.62. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 1.66 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $94.88 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data 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 analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent analyst reports. Craig Hallum reissued a “buy” rating and issued a $157.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 price target on Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, Wells Fargo & Company reduced their price target on shares of Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

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.