PDT Partners LLC Acquires 16,686 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

PDT Partners LLC increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 94.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,382 shares of the company’s stock after acquiring an additional 16,686 shares during the quarter. PDT Partners LLC owned about 0.06% of Ollie’s Bargain Outlet worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Geneva Capital Management LLC grew its holdings in Ollie’s Bargain Outlet by 1.1% in the first quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company’s stock worth $122,115,000 after purchasing an additional 10,913 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ollie’s Bargain Outlet by 25.5% in the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company’s stock worth $102,629,000 after purchasing an additional 179,452 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Ollie’s Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after purchasing an additional 615,257 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Ollie’s Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock worth $96,428,000 after buying an additional 468,944 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Ollie’s Bargain Outlet by 13.3% during the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company’s stock valued at $94,168,000 after buying an additional 95,204 shares in the last quarter.

Analyst Ratings Changes

OLLI has been the topic of several analyst reports. UBS Group boosted their target price on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday. KeyCorp set a $145.00 price target on shares of Ollie’s Bargain Outlet and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a research note on Tuesday, June 24th. Finally, Citigroup reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $143.46.

Insider Activity at Ollie’s Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the company’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the sale, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $126.84 on Monday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.61 and a beta of 0.45. The business has a 50-day simple moving average of $132.77 and a two-hundred day simple moving average of $117.83. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.29 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.