Quantinno Capital Management LP Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Quantinno Capital Management LP grew its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 19.3% during the 1st quarter, HoldingsChannel reports. The firm owned 71,028 shares of the company’s stock after buying an additional 11,480 shares during the period. Quantinno Capital Management LP’s holdings in Ollie’s Bargain Outlet were worth $6,538,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OLLI. Cornerstone Planning Group LLC raised its position in shares of Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Allworth Financial LP boosted its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Maseco LLP acquired a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OLLI. Morgan Stanley cut their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 4th. KeyCorp dropped their price target on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.07.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $78.40 on Thursday. The company has a market capitalization of $4.74 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.36 and a beta of 0.46. The company has a 50 day simple moving average of $73.30 and a 200-day simple moving average of $89.51. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year 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 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

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.