Y Intercept Hong Kong Ltd Acquires New Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Y Intercept Hong Kong Ltd acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, Holdings Channel reports. The fund acquired 91,614 shares of the company’s stock, valued at approximately $10,042,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OLLI. Goldman Sachs Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 315.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $136,152,000. Norges Bank purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at approximately $85,845,000. Invesco Ltd. raised its position in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Ollie’s Bargain Outlet by 1,082.9% during the 3rd quarter. Marshall Wace LLP now owns 390,196 shares of the company’s stock worth $50,101,000 after buying an additional 357,210 shares during the last quarter.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total value of $319,014.00. Following the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 12,459 shares of company stock valued at $1,149,218. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of recent research reports. KeyCorp set a $140.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Truist Financial set a $112.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Royal Bank Of Canada reduced their price target on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Gordon Haskett reissued an “accumulate” rating and set a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. 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, June 4th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.13.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $83.25 on Friday. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.46 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $73.32 and a 12 month high of $141.74. The firm’s 50 day simple moving average is $85.06 and its 200-day simple moving average is $101.37.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.51 earnings per share for the current fiscal 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.