Oppenheimer Asset Management Inc. Has $4.83 Million Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Oppenheimer Asset Management Inc. lowered its holdings 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 Securities and Exchange Commission. The firm owned 44,060 shares of the company’s stock after selling 7,733 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.07% of Ollie’s Bargain Outlet worth $4,829,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its stake in Ollie’s Bargain Outlet by 28.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after acquiring an additional 615 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after acquiring an additional 1,957 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after acquiring an additional 133,537 shares in the last quarter. Empowered Funds LLC bought a new position in Ollie’s Bargain Outlet during the 1st quarter valued at $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ollie’s Bargain Outlet by 12.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after acquiring an additional 19,837 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. The trade was a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 13,585 shares of company stock worth $1,275,398. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on OLLI shares. Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price objective for the company from $120.00 to $130.00 in a research note on Thursday, April 2nd. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Piper Sandler restated an “overweight” rating and set a $128.00 price objective (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. JPMorgan Chase & Co. dropped their price objective on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Finally, Bank of America restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.50.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $85.61 on Friday. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.50 and a beta of 0.49. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $84.29 and a one year high of $141.74. The business’s fifty day moving average is $97.74 and its 200-day moving average is $110.19.

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

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.