Fintel reports that on May 3, 2024, Truist Securities upgraded their outlook for Ollie’s Bargain Outlet Holdings (NasdaqGM:OLLI) from Hold to Buy.
Analyst Price Forecast Suggests 16.67% Upside
As of May 2, 2024, the average one-year price target for Ollie’s Bargain Outlet Holdings is 89.60. The forecasts range from a low of 64.64 to a high of $109.20. The average price target represents an increase of 16.67% from its latest reported closing price of 76.80.
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The projected annual revenue for Ollie’s Bargain Outlet Holdings is 2,217MM, an increase of 5.44%. The projected annual non-GAAP EPS is 2.93.
What is the Fund Sentiment?
There are 827 funds or institutions reporting positions in Ollie’s Bargain Outlet Holdings. This is an increase of 29 owner(s) or 3.63% in the last quarter. Average portfolio weight of all funds dedicated to OLLI is -1.18%, an increase of 502.14%. Total shares owned by institutions decreased in the last three months by 0.81% to 72,881K shares. 
The put/call ratio of OLLI is 0.82, indicating a bullish outlook.
What are Other Shareholders Doing?
Wasatch Advisors holds 3,918K shares representing 6.38% ownership of the company. In its prior filing, the firm reported owning 3,761K shares , representing an increase of 3.98%. The firm increased its portfolio allocation in OLLI by 3.67% over the last quarter.
FDGRX – Fidelity Growth Company Fund holds 2,376K shares representing 3.87% ownership of the company. In its prior filing, the firm reported owning 2,358K shares , representing an increase of 0.79%. The firm decreased its portfolio allocation in OLLI by 5.81% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 2,011K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 2,119K shares , representing a decrease of 5.38%. The firm decreased its portfolio allocation in OLLI by 42.92% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,954K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 1,945K shares , representing an increase of 0.43%. The firm decreased its portfolio allocation in OLLI by 11.75% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 1,873K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 1,931K shares , representing a decrease of 3.11%. The firm decreased its portfolio allocation in OLLI by 11.88% over the last quarter.
Ollies Bargain Outlet Holdings Background Information
(This description is provided by the company.)
Ollie’s Bargain Outlet Holdings Inc. is a highly differentiated and fast growing, extreme value retailer of brand name merchandise at drastically reduced prices. Ollie’s Bargain Outlet Holdings Inc. is known for its assortment of merchandise offered as Good Stuff Cheap®. The company offers name brand products, Real Brands! Real Bargains!®, in every department, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids and other categories. Ollie’s Bargain Outlet Holdings Inc. currently operates 394 stores in 25 states throughout half of the United States.
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