Fred Alger Management LLC Lowers Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Fred Alger Management LLC reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 53.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 245,933 shares of the company’s stock after selling 287,318 shares during the period. Fred Alger Management LLC owned approximately 0.40% of Ollie’s Bargain Outlet worth $31,578,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its stake in shares of Ollie’s Bargain Outlet by 71.3% in the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after buying an additional 102 shares during the last quarter. Shell Asset Management Co. purchased a new position in Ollie’s Bargain Outlet during the third quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its position in Ollie’s Bargain Outlet by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock valued at $45,000 after acquiring an additional 190 shares in the last quarter. MAI Capital Management lifted its holdings in Ollie’s Bargain Outlet by 28.5% in the second quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after acquiring an additional 88 shares during the period. Finally, Bessemer Group Inc. boosted its position in Ollie’s Bargain Outlet by 25.0% in the 3rd quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after purchasing an additional 86 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OLLI shares. Royal Bank Of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $128.00 price target (down from $140.00) on shares of Ollie’s Bargain Outlet in a research report on Friday. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.86.

Key Stories Impacting Ollie’s Bargain Outlet

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

• Positive Sentiment: Q4 results beat on EPS and showed healthy momentum: EPS of $1.39 (beat by $0.01), comps +3.6% and revenue +16.8% y/y; company set FY2026 EPS guidance of $4.40–4.50 and revenue roughly $2.99–$3.01B — guidance is above prior street figures and supports multi-year growth from store openings and loyalty gains. Read More.
• Positive Sentiment: Aggressive store expansion remains a clear growth driver — Ollie’s opened ~86 stores last year and is rolling out dozens more across multiple states, which underpins revenue and comp growth opportunities. Read More.
• Positive Sentiment: Several brokers upgraded or raised targets after the print — RBC raised its target to $155 and Wells Fargo upgraded to overweight (PT $130), signaling renewed analyst confidence that expansion and conversions (e.g., Big Lots closures) can drive outsized upside. Read More.
• Neutral Sentiment: Earnings call transcript confirms results were broadly in line with expectations (management reiterated growth plan and discussed margin dynamics), offering more color but no surprise guidance changes beyond the issued FY range. Read More.
• Neutral Sentiment: Market commentary highlights strong fundamentals but flags valuation and the prospect that guidance may be conservative — several pieces call the business high quality but note the share pullback and mixed near-term comparisons. Read More.
• Negative Sentiment: Not all analysts were uniformly more bullish — Morgan Stanley cut its price target to $120 and set an equal‑weight rating, reflecting caution on near-term upside despite the long‑term story. Read More.
• Negative Sentiment: Revenue slightly missed consensus ($779.3M vs. ~$783.7M) and the EPS beat was marginal, which leaves room for investor sensitivity if future quarters show similar tight misses versus elevated expectations. Read More.

Ollie’s Bargain Outlet Trading Up 4.2%

Shares of OLLI stock opened at $109.25 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $98.19 and a 12-month high of $141.74. The business’s 50 day moving average is $111.06 and its two-hundred day moving average is $118.99. The company has a market capitalization of $6.70 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.67 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 1,126 shares of the business’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 completion of the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. The trade was a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

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.