Primecap Management Co. CA Takes $67.34 Million Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Primecap Management Co. CA acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 875,890 shares of the company’s stock, valued at approximately $67,338,000. Primecap Management Co. CA owned 1.45% of Ollie’s Bargain Outlet at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TimesSquare Capital Management LLC lifted its stake in Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after purchasing an additional 73,633 shares in the last quarter. Capital World Investors grew its stake in shares of Ollie’s Bargain Outlet by 76.5% in the fourth quarter. Capital World Investors now owns 695,464 shares of the company’s stock valued at $76,230,000 after buying an additional 301,332 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Ollie’s Bargain Outlet by 32.8% in the first quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after buying an additional 277,870 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Ollie’s Bargain Outlet by 70.2% in the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after buying an additional 318,865 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after acquiring an additional 1,296,672 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on OLLI shares. KeyCorp lowered their target price on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. UBS Group set a $80.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, July 9th. Gordon Haskett reissued an “accumulate” rating and set a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.47.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $74.27 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $140.17. The stock has a 50-day simple moving average of $72.40 and a 200-day simple moving average of $85.89. The stock has a market cap of $4.49 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.32 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same quarter last year, the business posted $0.75 EPS. The firm’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. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

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.