Oppenheimer Asset Management Inc. Decreases Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Oppenheimer Asset Management Inc. lowered its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,060 shares of the company’s stock after selling 7,733 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $4,829,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in Ollie’s Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after acquiring an additional 49,603 shares during the last quarter. Invesco Ltd. increased its holdings in Ollie’s Bargain Outlet by 17.2% in the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Ollie’s Bargain Outlet by 15.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock worth $140,654,000 after acquiring an additional 144,649 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth about $136,152,000. Finally, Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares during the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Insiders sold a total of 13,585 shares of company stock worth $1,275,398 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Down 1.0%

OLLI stock opened at $85.61 on Friday. The firm has a market capitalization of $5.22 billion, a PE ratio of 21.95, a PEG ratio of 1.50 and a beta of 0.49. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $84.29 and a twelve month high of $141.74. The stock has a 50-day simple moving average of $97.74 and a two-hundred day simple moving average of $110.19.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The business had revenue of $779.26 million during the quarter, compared to analyst estimates of $783.72 million. During the same quarter in the previous year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several recent research reports. Wells Fargo & Company raised Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $130.00 in a report on Friday, March 13th. UBS Group set a $125.00 price objective on Ollie’s Bargain Outlet in a report on Monday, March 16th. Morgan Stanley reduced their target price on Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Jefferies Financial Group raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Finally, Weiss Ratings lowered Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.50.

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.