SG Capital Management LLC Invests $13.68 Million in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

SG Capital Management LLC acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 103,828 shares of the company’s stock, valued at approximately $13,682,000. Ollie’s Bargain Outlet accounts for about 0.9% of SG Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds have also bought and sold shares of the stock. New York State Common Retirement Fund grew its stake in Ollie’s Bargain Outlet by 2.5% in the 1st quarter. New York State Common Retirement Fund now owns 63,680 shares of the company’s stock worth $7,410,000 after buying an additional 1,556 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 637.6% during the 1st quarter. Victory Capital Management Inc. now owns 218,548 shares of the company’s stock worth $25,430,000 after acquiring an additional 188,917 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Ollie’s Bargain Outlet in the first quarter worth $2,444,000. Diversify Advisory Services LLC increased its stake in Ollie’s Bargain Outlet by 25.8% in the first quarter. Diversify Advisory Services LLC now owns 3,789 shares of the company’s stock valued at $441,000 after acquiring an additional 776 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in Ollie’s Bargain Outlet by 38.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 24,652 shares of the company’s stock valued at $2,868,000 after purchasing an additional 6,870 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OLLI shares. Wells Fargo & Company lifted their price target on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Royal Bank Of Canada cut their target price on Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Citigroup reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Finally, KeyCorp boosted their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.00.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the completion of the sale, the senior vice president owned 3,679 shares of the company’s stock, valued at $479,410.49. This represents a 70.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert F. Helm sold 367 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total transaction of $44,069.36. Following the completion of the sale, the chief financial officer directly owned 3,641 shares in the company, valued at approximately $437,211.28. This trade represents a 9.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,890 shares of company stock worth $17,057,659 over the last ninety days. Insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $124.67 on Friday. The business has a 50-day moving average of $127.64 and a 200 day moving average of $125.68. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The stock has a market capitalization of $7.64 billion, a PE ratio of 36.14, a P/E/G ratio of 2.58 and a beta of 0.41.

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. The business had revenue of $679.56 million for the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS 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.