Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 13.5% in the third quarter, Holdings Channel.com reports. The firm owned 51,793 shares of the company’s stock after selling 8,091 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $6,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLLI. Smartleaf Asset Management LLC lifted its holdings in Ollie’s Bargain Outlet by 125.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after buying an additional 190 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Ollie’s Bargain Outlet by 25.0% during the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after acquiring an additional 86 shares in the last quarter. Optimize Financial Inc purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $575,000. Savant Capital LLC lifted its stake in shares of Ollie’s Bargain Outlet by 1.0% in the third quarter. Savant Capital LLC now owns 22,941 shares of the company’s stock worth $2,946,000 after acquiring an additional 230 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Ollie’s Bargain Outlet by 22.0% in the third quarter. Jones Financial Companies Lllp now owns 882 shares of the company’s stock valued at $116,000 after purchasing an additional 159 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Craig Hallum restated a “buy” rating and issued a $157.00 price target on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Piper Sandler reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.14.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $112.97 on Wednesday. The firm’s 50-day moving average is $112.87 and its 200-day moving average is $123.35. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $94.88 and a 1 year high of $141.74. The company has a market cap of $6.93 billion, a P/E ratio of 31.21, a PEG ratio of 1.72 and a beta of 0.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating 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 business had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’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. As a group, sell-side analysts predict 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.