Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Acquired by Whittier Trust Co.

Whittier Trust Co. increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,915 shares of the company’s stock after acquiring an additional 11,929 shares during the quarter. Whittier Trust Co. owned approximately 0.21% of Ollie’s Bargain Outlet worth $12,629,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its holdings in shares of Ollie’s Bargain Outlet by 28.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after buying an additional 615 shares during the last quarter. Jones Financial Companies Lllp increased its position in Ollie’s Bargain Outlet by 993.4% in 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 during the period. Goldman Sachs Group Inc. raised 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 during the last quarter. Empowered Funds LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Ollie’s Bargain Outlet by 12.1% in 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 purchasing an additional 19,837 shares during the last quarter.

Insider Activity

In other news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total value of $319,014.00. Following the completion of the transaction, the chairman owned 48,200 shares in the company, valued at $4,617,560. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.75% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $74.21 on Monday. The business’s fifty day moving average price is $79.68 and its 200 day moving average price is $96.66. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $70.85 and a 1-year high of $141.74. The firm has a market capitalization of $4.49 billion, a PE ratio of 18.32, a P/E/G ratio of 1.29 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Ollie’s Bargain Outlet’s revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OLLI. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Morgan Stanley cut their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, June 4th. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the stock from $120.00 to $130.00 in a research note on Thursday, April 2nd. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Finally, Wells Fargo & Company dropped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

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.