Louisiana State Employees Retirement System Takes Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Louisiana State Employees Retirement System acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,800 shares of the company’s stock, valued at approximately $1,638,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its holdings in shares of Ollie’s Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares during the period. Campbell Newman Asset Management Inc. increased its stake in Ollie’s Bargain Outlet by 1.7% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 20,426 shares of the company’s stock valued at $1,880,000 after purchasing an additional 337 shares in the last quarter. Pullen Investment Management LLC increased its stake in Ollie’s Bargain Outlet by 1.8% in the 1st quarter. Pullen Investment Management LLC now owns 14,434 shares of the company’s stock valued at $1,329,000 after purchasing an additional 251 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Ollie’s Bargain Outlet by 662.7% during the fourth quarter. Hsbc Holdings PLC now owns 26,153 shares of the company’s stock worth $2,894,000 after purchasing an additional 22,724 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Ollie’s Bargain Outlet by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 207,480 shares of the company’s stock worth $22,742,000 after purchasing an additional 18,656 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $75.51 on Thursday. The business’s fifty day moving average price is $80.26 and its two-hundred day moving average price is $97.21. The stock has a market cap of $4.56 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $70.85 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several research reports. Citigroup lowered their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Loop Capital reiterated a “buy” rating and issued a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Piper Sandler set a $114.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada dropped their target price on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Activity

In other news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.75% of the stock is owned by corporate insiders.

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.