Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stake Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Rating) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 10,098 shares of the company’s stock after selling 237 shares during the quarter. Baird Financial Group Inc.’s holdings in Ollie’s Bargain Outlet were worth $593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oppenheimer & Co. Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 6.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 31,221 shares of the company’s stock valued at $1,834,000 after purchasing an additional 2,017 shares during the last quarter. TownSquare Capital LLC lifted its stake in shares of Ollie’s Bargain Outlet by 9.2% in the 2nd quarter. TownSquare Capital LLC now owns 79,045 shares of the company’s stock valued at $4,643,000 after purchasing an additional 6,649 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Ollie’s Bargain Outlet by 24,945.5% in the 2nd quarter. Quent Capital LLC now owns 2,755 shares of the company’s stock valued at $162,000 after purchasing an additional 2,744 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lifted its stake in shares of Ollie’s Bargain Outlet by 48.1% in the 2nd quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 219,150 shares of the company’s stock valued at $12,875,000 after purchasing an additional 71,165 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in shares of Ollie’s Bargain Outlet by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 42,210 shares of the company’s stock valued at $2,480,000 after purchasing an additional 590 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Ollie’s Bargain Outlet from $40.00 to $54.00 in a research report on Friday, September 16th. Craig Hallum cut their target price on shares of Ollie’s Bargain Outlet to $70.00 in a research report on Tuesday, September 6th. Truist Financial boosted their target price on shares of Ollie’s Bargain Outlet from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, September 2nd. UBS Group boosted their target price on shares of Ollie’s Bargain Outlet to $57.00 in a research report on Tuesday, September 6th. Finally, Gordon Haskett assumed coverage on shares of Ollie’s Bargain Outlet in a research report on Monday, October 24th. They set a “buy” rating and a $60.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.87.

Ollie’s Bargain Outlet Stock Up 2.8 %

Shares of OLLI stock opened at $55.95 on Monday. The firm has a fifty day moving average of $55.21 and a 200-day moving average of $56.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $37.67 and a 12-month high of $72.27. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 1.93 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.11). The company had revenue of $452.40 million for the quarter, compared to the consensus estimate of $457.43 million. Ollie’s Bargain Outlet had a return on equity of 7.15% and a net margin of 5.42%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 1.78 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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