SG Capital Management LLC Purchases 70,826 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

SG Capital Management LLC raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 68.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 174,654 shares of the company’s stock after acquiring an additional 70,826 shares during the period. Ollie’s Bargain Outlet makes up about 2.0% of SG Capital Management LLC’s holdings, making the stock its 17th largest position. SG Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $22,426,000 at the end of the most recent reporting period.

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

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $110.76 on Thursday. The company has a market capitalization of $6.79 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.71 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.88 and a 52-week high of $141.74. The company has a 50-day simple moving average of $112.37 and a 200 day simple moving average of $122.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

OLLI has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $162.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Wells Fargo & Company lowered their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, December 19th. Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Citigroup lowered their target price on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.14.

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.