Envestnet Asset Management Inc. Has $51.70 Million Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Envestnet Asset Management Inc. trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.8% in the third quarter, HoldingsChannel reports. The firm owned 402,630 shares of the company’s stock after selling 43,526 shares during the period. Envestnet Asset Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $51,698,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OLLI. SG Capital Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth about $13,682,000. New York Life Investment Management LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at about $846,000. Pembroke Management LTD increased its holdings in Ollie’s Bargain Outlet by 9.7% during the 3rd quarter. Pembroke Management LTD now owns 101,061 shares of the company’s stock worth $12,976,000 after purchasing an additional 8,942 shares in the last quarter. Index Fund Advisors Inc. purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth approximately $822,000. Finally, Rheos Capital Works Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 10.4% in the third quarter. Rheos Capital Works Inc. now owns 213,000 shares of the company’s stock valued at $27,349,000 after purchasing an additional 20,000 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on OLLI. Royal Bank Of Canada set a $140.00 price target on Ollie’s Bargain Outlet in a report on Wednesday, December 10th. The Goldman Sachs Group reiterated 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. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. Piper Sandler reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Finally, KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $142.14.

Ollie’s Bargain Outlet Stock Up 0.0%

Ollie’s Bargain Outlet stock opened at $112.54 on Tuesday. The firm has a 50 day moving average price of $113.00 and a 200-day moving average price of $123.50. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $94.88 and a twelve month high of $141.74. The company has a market capitalization of $6.90 billion, a P/E ratio of 31.09, a P/E/G ratio of 1.72 and a beta of 0.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter in the previous year, the firm posted $0.58 EPS. Ollie’s Bargain Outlet’s revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities analysts expect 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.