Hudson Bay Capital Management LP Has $12.96 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hudson Bay Capital Management LP boosted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 67.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 98,323 shares of the company’s stock after purchasing an additional 39,584 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Ollie’s Bargain Outlet were worth $12,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 1.2% in the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after purchasing an additional 49,603 shares in the last quarter. Invesco Ltd. raised its position in Ollie’s Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after acquiring an additional 773,013 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Geneva Capital Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 7.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock worth $148,791,000 after acquiring an additional 79,627 shares in the last quarter.

Analyst Ratings Changes

OLLI has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Royal Bank Of Canada set a $140.00 target price on Ollie’s Bargain Outlet in a report on Wednesday. Finally, Jefferies Financial Group lifted their price target on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $142.57.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CFO Robert F. Helm sold 367 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total transaction of $44,069.36. Following the sale, the chief financial officer directly owned 3,641 shares in the company, valued at approximately $437,211.28. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Der Valk Eric Van sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at approximately $1,026,547.47. This trade represents a 34.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 126,773 shares of company stock valued at $16,782,449. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Down 1.9%

Shares of NASDAQ OLLI opened at $113.91 on Monday. The stock has a fifty day simple moving average of $122.66 and a two-hundred day simple moving average of $127.00. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $94.88 and a 1-year high of $141.74. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 2.02 and a beta of 0.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet Company 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.