Russell Investments Group Ltd. owns $2.67 million in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

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Russell Investments Group Ltd. reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI – Get Rating) by 30.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund held 62,166 shares of the company after selling 27,567 shares during the period. Russell Investments Group Ltd. owned 0.10% of Ollie’s Bargain Outlet worth $2,668,000 as of its last SEC filing date.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. Burgundy Asset Management Ltd. acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter for a value of $38,963,000. Stephens Investment Management Group LLC increased its stake in shares of Ollie’s Bargain Outlet by 31.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,223,475 shares of the company worth $62,630,000 after acquiring an additional 292,977 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Ollie’s Bargain Outlet by 312.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 305,586 shares of the company worth $15,643,000 after acquiring an additional 231,578 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 66.2% in the first quarter. Tributary Capital Management LLC now owns 397,714 shares of the company worth $17,086,000 after acquiring an additional 158,382 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Ollie’s Bargain Outlet by 32.7% in the fourth quarter. Primecap Management Co. CA now owns 523,700 shares of the company worth $26,808,000 after acquiring an additional 129,170 shares in the last quarter.

Ollie’s Bargain Outlet Stock up 0.9%

Shares of Ollie’s Bargain Outlet opened at $65.67 on Monday. The stock has a 50-day simple moving average of $61.86 and a 200-day simple moving average of $51.48. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $37.67 and a 12-month high of $85.85. The stock has a market capitalization of $4.10 billion, a price/earnings ratio of 36.69, a P/E/G ratio of 2.03 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last reported quarterly results on Wednesday, June 8. The company reported earnings per share (EPS) of $0.20 for the quarter, missing analyst consensus estimates of $0.30 per ($0.10). Ollie’s Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The company posted revenue of $406.70 million in the quarter, versus a consensus estimate of $417.48 million. During the same period of the previous year, the company made earnings per share of $0.80. The company’s quarterly revenue fell 10.1% from the same quarter last year. As a group, sell-side analysts expect Ollie’s Bargain Outlet Holdings, Inc. to post year-to-date EPS of 1.88.

Analysts set new price targets

Several equity research analysts have recently released reports on the stock. Piper Sandler raised her price target on shares of Ollie’s Bargain Outlet to $78.00 in a Thursday, June 9 research note. JPMorgan Chase & Co. reduced its target price at Ollie’s Bargain Outlet from $45.00 to $39.00 in a Tuesday, May 10 research report. StockNews.com upgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a Thursday, June 9 research report. Citigroup raised its price target on Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the stock a “neutral” rating in a Thursday, June 9 research report. Finally, Truist Financial raised its price target on Ollie’s Bargain Outlet from $38.00 to $40.00 and gave the stock a “holding” rating in a Thursday, June 9 research report. Two analysts gave the stock a sell rating, six issued a hold rating and eight issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.13.

About Ollie’s Bargain Outlet

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Ollie’s Bargain Outlet Holdings, Inc. operates as a brand name merchandise retailer. The company offers household goods, beds and baths, food, flooring, health and beauty products, books and stationery, toys and electronics. and other products, including hardware, candy, apparel, sporting goods, pet, and lawn and garden products.

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Institutional ownership by quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)



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