California Public Employees Retirement System Sells 22,640 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

California Public Employees Retirement System lowered its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 18.8% in the 1st quarter, HoldingsChannel reports. The firm owned 97,691 shares of the company’s stock after selling 22,640 shares during the quarter. California Public Employees Retirement System’s holdings in Ollie’s Bargain Outlet were worth $8,991,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet by 21.2% in the 4th quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock worth $13,234,000 after buying an additional 21,138 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 42.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after acquiring an additional 73,633 shares during the period. Capital World Investors lifted its position in Ollie’s Bargain Outlet by 76.5% during the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after acquiring an additional 301,332 shares during the period. Capital Research Global Investors grew its stake in Ollie’s Bargain Outlet by 70.2% during the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after purchasing an additional 318,865 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Ollie’s Bargain Outlet by 80.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock valued at $23,352,000 after purchasing an additional 95,011 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OLLI shares. Citigroup reduced their price objective on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. The Goldman Sachs Group dropped their target price on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $120.00 to $130.00 in a report on Thursday, April 2nd. Piper Sandler set a $114.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Finally, Gordon Haskett restated an “accumulate” rating and set a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.13.

Ollie’s Bargain Outlet Trading Up 1.6%

Ollie’s Bargain Outlet stock opened at $66.31 on Friday. The firm has a market cap of $4.01 billion, a PE ratio of 16.37, a P/E/G ratio of 1.17 and a beta of 0.47. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $141.74. The stock’s 50 day simple moving average is $74.61 and its two-hundred day simple moving average is $92.13.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts forecast 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.