Quantbot Technologies LP Acquires Shares of 20,478 Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Quantbot Technologies LP bought a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 3rd quarter, Holdings Channel reports. The fund bought 20,478 shares of the company’s stock, valued at approximately $2,629,000.

A number of other hedge funds and other institutional investors have also modified their holdings of OLLI. Artisan Partners Limited Partnership acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $21,910,000. Fox Run Management L.L.C. boosted its stake in shares of Ollie’s Bargain Outlet by 372.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 14,220 shares of the company’s stock valued at $1,826,000 after buying an additional 11,211 shares during the last quarter. Dana Investment Advisors Inc. grew its position in shares of Ollie’s Bargain Outlet by 2.8% during the third quarter. Dana Investment Advisors Inc. now owns 5,512 shares of the company’s stock worth $708,000 after buying an additional 151 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Ollie’s Bargain Outlet by 2.3% in the third quarter. Vestmark Advisory Solutions Inc. now owns 32,777 shares of the company’s stock worth $4,209,000 after buying an additional 738 shares during the last quarter. Finally, Intrust Bank NA increased its stake in shares of Ollie’s Bargain Outlet by 6.3% in the third quarter. Intrust Bank NA now owns 8,212 shares of the company’s stock worth $1,054,000 after buying an additional 485 shares during the last quarter.

Insider Activity

In related news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the completion of the transaction, the chairman owned 48,200 shares in the company, valued at $5,401,292. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

OLLI has been the topic of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Wells Fargo & Company reduced their price target on shares of Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. UBS Group decreased their price target on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. Piper Sandler reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, Craig Hallum restated a “buy” rating and set a $157.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $103.56 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $97.04 and a one year high of $141.74. The company has a 50-day simple moving average of $111.62 and a 200-day simple moving average of $120.43. The firm has a market capitalization of $6.35 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The firm had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter last year, the company posted $0.58 earnings per share. Ollie’s Bargain Outlet’s revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Ollie’s Bargain Outlet 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.