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

Fred Alger Management LLC lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,210 shares of the company’s stock after purchasing an additional 28,277 shares during the period. Fred Alger Management LLC’s holdings in Ollie’s Bargain Outlet were worth $30,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 during the last quarter. Finally, Shell Asset Management Co. acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $37,000.

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. This represents a 9.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,459 shares of company stock valued at $1,149,218 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Monday. The Goldman Sachs Group lowered their target price on Ollie’s Bargain Outlet from $151.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Finally, Citigroup lowered their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $82.02 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $73.32 and a one year high of $141.74. The stock has a market capitalization of $4.96 billion, a PE ratio of 20.25, a P/E/G ratio of 1.48 and a beta of 0.46. The business’s 50 day moving average price is $84.60 and its 200 day moving average price is $100.65.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

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.