Principal Financial Group Invests $12.59 Million in Ollie’s Bargain Outlet Holdings,
December 11, 2023
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Principal Financial Group Inc. has made an investment of $12.59 Million in Ollie’s Bargain Outlet ($NASDAQ:OLLI) Holdings, Inc. (OLLIE’S BARGAIN OUTLET). It operates a chain of retail outlets that offers consumers closeouts, excess inventory, salvage merchandise and other discounted goods. It offers a wide variety of products ranging from apparel, footwear, home improvement items to electronics and housewares.
This is expected to enable OLLIE’S BARGAIN OUTLET to further expand its presence in the United States market and seize new opportunities as they arise. It is believed that this investment will be beneficial for both parties in the long run.
Price History
Principal Financial Group Inc. recently announced that it has invested $12.59 million in Ollie’s Bargain Outlet Holdings, Inc. This major investment comes just as the company’s stock opened at $77.6 on Monday and closed at $77.5, up 0.5% from its last closing price of 77.2. This marks an important milestone for the discount retailer as its stock continues to grow. With this investment, Principal Financial Group Inc. is signaling its faith in the company’s future success and prospects for growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OLLI. More…
| Total Revenues | Net Income | Net Margin |
| 2k | 158.05 | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OLLI. More…
| Operations | Investing | Financing |
| 224.23 | -198.13 | -48.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OLLI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.19k | 753.99 | 23.34 |
Key Ratios Snapshot
Some of the financial key ratios for OLLI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | -8.4% | 9.9% |
| FCF Margin | ROE | ROA |
| 6.5% | 8.7% | 5.6% |
Analysis
At GoodWhale, we have conducted a fundamental analysis of OLLIE’S BARGAIN OUTLET. Our Star Chart shows that OLLIE’S BARGAIN OUTLET has a high health score of 10/10, indicating its strong financials and ability to ride out a crisis without having to worry about bankruptcy. We classify OLLIE’S BARGAIN OUTLET as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. We believe that OLLIE’S BARGAIN OUTLET is an attractive target for investors who are looking for a company with a strong balance sheet, assets, and growth potential. Its weak point is dividend, but this may not be a deterrent for such investors as long as they understand the dynamics of the company. Ultimately, OLLIE’S BARGAIN OUTLET looks to be an attractive long-term investment for the right investor. More…
Peers
Ollie’s Bargain Outlet Holdings Inc is a leading retailer in the United States. The company competes with Target Corp, B&M European Value Retail SA, and The Kroger Co.
– Target Corp ($NYSE:TGT)
Target Corporation is an American retailing company that was founded in 1902. It is the second-largest discount retailer in the United States, behind Walmart. As of 2022, Target’s market cap is 68.69B and its ROE is 34.09%. Target Corporation operates 1,851 stores in the United States. The company offers a variety of merchandise, including apparel, home goods, and food.
– B&M European Value Retail SA ($LSE:BME)
B&M European Value Retail SA is a holding company that operates as a discount retailer. The company offers a range of products, including food, drink, health and beauty, homeware, and garden products. It also provides services, such as opticians, pharmacies, travel money, and mobile phone top-ups. The company operates in the United Kingdom, Germany, France, Spain, Portugal, and Poland.
– The Kroger Co ($NYSE:KR)
Kroger Co is one of the largest grocery retailers in the United States. The company has a market capitalization of $30.14 billion as of 2022 and a return on equity of 23.61%. Kroger operates over 2,800 grocery stores in 35 states under a variety of banner names, including Kroger, Ralphs, Fred Meyer, and Harris Teeter. The company also operates nearly 1,500 convenience stores, 350 jewelry stores, and 2,250 fuel centers. Kroger is the third-largest retailer in the world by revenue and the ninth-largest by market capitalization.
Summary
Investors in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have seen their holdings increase substantially as of late, with Principal Financial Group Inc. having recently reported ownership of approximately $12.59 million in stock. Analysts believe that the company’s strong holiday sales could propel the stock price to even higher heights. Ollie’s Bargain Outlet is also well-positioned to benefit from an increase in consumer spending during the economic recovery, and its portfolio of stores is expected to expand in the coming years. These factors make Ollie’s a strong pick for investors looking for long-term growth.
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