Russell Investments Group Ltd. Has $2.67 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Russell Investments Group Ltd. lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet 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 owned 62,166 shares of the company’s stock 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 most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to 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 worth $38,963,000. Stephens Investment Management Group LLC grew 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’s stock worth $62,630,000 after acquiring an additional 292,977 shares during the last quarter. Cubist Systematic Strategies LLC grew 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’s stock worth $15,643,000 after acquiring an additional 231,578 shares during the last quarter. Tributary Capital Management LLC grew 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’s stock worth $17,086,000 after acquiring an additional 158,382 shares during the last quarter. Finally, Primecap Management Co. CA grew 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’s stock worth $26,808,000 after acquiring an additional 129,170 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 0.9 %

Ollie’s Bargain Outlet stock 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-to-earnings ratio of 36.69, a P/E/G ratio of 2.03 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last released its quarterly earnings results on Wednesday, June 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). Ollie’s Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $417.48 million. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised their price objective on shares of Ollie’s Bargain Outlet to $78.00 in a research note on Thursday, June 9th. JPMorgan Chase & Co. reduced their target price on Ollie’s Bargain Outlet from $45.00 to $39.00 in a research report on Tuesday, May 10th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Thursday, June 9th. Citigroup raised their target price on Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, June 9th. Finally, Truist Financial raised their target price on Ollie’s Bargain Outlet from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have 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 retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

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