SG Capital Management LLC Has $22.43 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

SG Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 68.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,654 shares of the company’s stock after purchasing an additional 70,826 shares during the quarter. Ollie’s Bargain Outlet accounts for approximately 2.0% of SG Capital Management LLC’s investment portfolio, making the stock its 17th largest position. SG Capital Management LLC owned 0.28% of Ollie’s Bargain Outlet worth $22,426,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its position in shares of Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 82 shares in the last quarter. Blue Barn Wealth LLC lifted its stake in Ollie’s Bargain Outlet by 2.8% during the second quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock worth $410,000 after purchasing an additional 86 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 25.0% in the 3rd quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after purchasing an additional 86 shares in the last quarter. MAI Capital Management increased its stake in shares of Ollie’s Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after purchasing an additional 88 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock worth $2,677,000 after buying an additional 90 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on OLLI shares. Wells Fargo & Company decreased their target price on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Piper Sandler reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, UBS Group dropped their price target on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.14.

Ollie’s Bargain Outlet Stock Down 0.9%

Shares of NASDAQ:OLLI opened at $110.76 on Thursday. The firm has a market cap of $6.79 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.71 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $94.88 and a 12-month high of $141.74. The business has a fifty day simple moving average of $112.37 and a 200 day simple moving average of $122.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The company had revenue of $613.62 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $5,401,292. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Company 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.