Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Acquired by Whittier Trust Co.

Whittier Trust Co. boosted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 129,915 shares of the company’s stock after buying an additional 11,929 shares during the period. Whittier Trust Co.’s holdings in Ollie’s Bargain Outlet were worth $12,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Allworth Financial LP grew its position in shares of Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. increased 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 purchasing an additional 92 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $74.21 on Monday. The stock has a fifty day moving average price of $79.68 and a 200 day moving average price of $96.66. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $70.85 and a 52 week high of $141.74. The firm has a market capitalization of $4.49 billion, a P/E ratio of 18.32, a PEG ratio of 1.29 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same period last 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, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

OLLI has been the subject of several recent research reports. Royal Bank Of Canada dropped their price target on 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. Wells Fargo & Company dropped their price objective on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. UBS Group reduced their target price on shares of Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Finally, Gordon Haskett reaffirmed an “accumulate” rating and set a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 3,330 shares of the firm’s stock in a transaction that occurred 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 directly owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.75% of the stock is currently owned by insiders.

About Ollie’s Bargain Outlet

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.