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

Fred Alger Management LLC trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 53.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 245,933 shares of the company’s stock after selling 287,318 shares during the period. Fred Alger Management LLC’s holdings in Ollie’s Bargain Outlet were worth $31,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. California Public Employees Retirement System raised its holdings in shares of Ollie’s Bargain Outlet by 28.7% during the third quarter. California Public Employees Retirement System now owns 112,355 shares of the company’s stock valued at $14,426,000 after acquiring an additional 25,070 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ollie’s Bargain Outlet by 1.2% in the third quarter. Bank of America Corp DE now owns 227,361 shares of the company’s stock worth $29,193,000 after acquiring an additional 2,791 shares during the last quarter. Algert Global LLC increased its position in shares of Ollie’s Bargain Outlet by 109.5% during the third quarter. Algert Global LLC now owns 15,420 shares of the company’s stock worth $1,980,000 after purchasing an additional 8,060 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Ollie’s Bargain Outlet by 15.2% during the third quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock worth $140,654,000 after purchasing an additional 144,649 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in Ollie’s Bargain Outlet by 1,310.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 33,991 shares of the company’s stock valued at $4,364,000 after purchasing an additional 31,581 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $109.25 on Monday. The business’s 50 day moving average price is $111.06 and its 200 day moving average price is $118.99. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.67 and a beta of 0.53. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $98.19 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. During the same period in the prior year, the business earned $1.19 EPS. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OLLI shares. Citigroup decreased their price objective on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company raised shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $130.00 in a report on Friday. Royal Bank Of Canada raised their price target 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. The Goldman Sachs Group restated 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. Finally, Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.86.

Trending Headlines about 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.

Insider Activity

In related news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction dated 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. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

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.