Vanguard Group Inc. Lowers Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Vanguard Group Inc. reduced its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,754,167 shares of the company’s stock after selling 43,191 shares during the quarter. Vanguard Group Inc. owned approximately 9.39% of Ollie’s Bargain Outlet worth $738,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Ollie’s Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 82 shares during the period. Blue Barn Wealth LLC boosted its position in shares of Ollie’s Bargain Outlet by 2.8% in the second quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock worth $410,000 after acquiring an additional 86 shares during the last quarter. Bessemer Group Inc. grew its holdings in Ollie’s Bargain Outlet by 25.0% in the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after purchasing an additional 86 shares during the period. MAI Capital Management increased its position in Ollie’s Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in Ollie’s Bargain Outlet by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock worth $2,677,000 after purchasing an additional 90 shares during the period.

Analyst Ratings Changes

Several brokerages have recently issued reports on OLLI. Morgan Stanley lowered their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Wells Fargo & Company lowered their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, December 19th. Craig Hallum restated a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Citigroup reduced their price objective on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Truist Financial set a $142.00 target price on Ollie’s Bargain Outlet in a report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.14.

Insider Activity

In related news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $107.22 on Tuesday. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 1.66 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $94.88 and a one year high of $141.74. The business’s 50-day simple moving average is $112.02 and its 200 day simple moving average is $121.62.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The company had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. During the same period in the previous year, the business earned $0.58 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 18.6% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

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.