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

Retirement Systems of Alabama raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 177,022 shares of the company’s stock after purchasing an additional 15,526 shares during the quarter. Retirement Systems of Alabama owned 0.30% of Ollie’s Bargain Outlet worth $15,162,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OLLI. Farther Finance Advisors LLC lifted its stake in shares of Ollie’s Bargain Outlet by 26.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 622 shares of the company’s stock worth $53,000 after purchasing an additional 131 shares during the period. Gibbs Wealth Management boosted its holdings in shares of Ollie’s Bargain Outlet by 3.1% in the third quarter. Gibbs Wealth Management now owns 4,555 shares of the company’s stock worth $390,000 after buying an additional 135 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 29.9% in the third quarter. Parallel Advisors LLC now owns 664 shares of the company’s stock worth $57,000 after buying an additional 153 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,632 shares of the company’s stock worth $125,000 after buying an additional 190 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Ollie’s Bargain Outlet by 7.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,209 shares of the company’s stock valued at $387,000 after buying an additional 295 shares during the period.

Ollie’s Bargain Outlet Stock Down 0.6%

NASDAQ OLLI opened at $94.77 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $129.84. The company has a market capitalization of $5.63 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The stock’s 50-day moving average price is $85.79 and its 200-day moving average price is $86.39.

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

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group reduced their target price on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Weiss Ratings upgraded shares of Ollie’s Bargain Outlet from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Piper Sandler reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday, October 12th. Finally, Royal Bank Of Canada upped their price objective on Ollie’s Bargain Outlet from $124.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 27th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.13.

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.