Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 16.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 437,749 shares of the company’s stock after selling 86,149 shares during the period. Royal Bank of Canada’s holdings in Ollie’s Bargain Outlet were worth $40,291,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in OLLI. Integrated Wealth Concepts LLC grew its stake in shares of 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 valued at $328,000 after buying an additional 615 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in 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. boosted its holdings in Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after acquiring an additional 133,537 shares during the period. Empowered Funds LLC acquired a new position in Ollie’s Bargain Outlet in the 1st quarter valued at about $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Ollie’s Bargain Outlet by 12.1% in the 1st 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 acquiring an additional 19,837 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $73.47 on Monday. The company has a fifty day simple moving average of $73.52 and a 200-day simple moving average of $90.37. The stock has a market cap of $4.44 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.30 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the prior year, the firm posted $0.75 EPS. The business’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. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OLLI shares. KeyCorp lowered their price objective on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Piper Sandler set a $114.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Loop Capital reaffirmed a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada reduced their price objective on Ollie’s Bargain Outlet from $152.00 to $121.00 and set an “outperform” rating on the stock in a research note on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $111.07.

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.