Capital Research Global Investors Increases Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Capital Research Global Investors increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 70.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 772,837 shares of the company’s stock after purchasing an additional 318,865 shares during the quarter. Capital Research Global Investors’ holdings in Ollie’s Bargain Outlet were worth $84,711,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. 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. Thrivent Financial for Lutherans increased its position in shares of Ollie’s Bargain Outlet by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares during the period. Huntington National Bank raised its stake in shares of Ollie’s Bargain Outlet by 9.0% during the 3rd quarter. Huntington National Bank now owns 1,145 shares of the company’s stock worth $147,000 after buying an additional 95 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,780 shares of the company’s stock valued at $2,797,000 after buying an additional 97 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on OLLI. JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Royal Bank Of Canada decreased their price objective on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Loop Capital reiterated a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Truist Financial set a $112.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, Morgan Stanley reduced their price target on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $125.13.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $78.70 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $73.32 and a 1 year high of $141.74. The firm has a market capitalization of $4.76 billion, a PE ratio of 19.43, a P/E/G ratio of 1.34 and a beta of 0.46. The business’s 50 day moving average price is $85.86 and its 200-day moving average price is $102.37.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.51 earnings per share for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total value of $319,014.00. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,459 shares of company stock valued at $1,149,218 in the last ninety days. 0.87% of the stock is owned by corporate insiders.

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.