Emerald Advisers LLC Reduces Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Emerald Advisers LLC decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,024 shares of the company’s stock after selling 6,817 shares during the period. Ollie’s Bargain Outlet comprises approximately 1.2% of Emerald Advisers LLC’s holdings, making the stock its 22nd largest position. Emerald Advisers LLC owned about 0.49% of Ollie’s Bargain Outlet worth $38,651,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in Ollie’s Bargain Outlet by 28.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock worth $328,000 after buying an additional 615 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after acquiring an additional 1,957 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares in the last quarter. Empowered Funds LLC bought a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Ollie’s Bargain Outlet by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after purchasing an additional 19,837 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $116.65 on Thursday. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.02 and a beta of 0.48. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $94.88 and a 1 year high of $141.74. The business’s 50 day simple moving average is $116.33 and its 200-day simple moving average is $125.29.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results 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 company had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. Ollie’s Bargain Outlet’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OLLI. The Goldman Sachs Group reissued a “buy” rating and issued a $162.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Truist Financial set a $142.00 price target on Ollie’s Bargain Outlet in a report on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $142.14.

About Ollie’s Bargain Outlet

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.