Lecap Asset Management Ltd. Takes Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Lecap Asset Management Ltd. bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,821 shares of the company’s stock, valued at approximately $1,076,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Private Trust Co. NA boosted its holdings in Ollie’s Bargain Outlet by 71.3% during the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after acquiring an additional 102 shares during the last quarter. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth $30,000. Shell Asset Management Co. purchased a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at about $37,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock valued at $45,000 after purchasing an additional 190 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the completion of the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,585 shares of company stock valued at $1,275,398 over the last three months. 0.75% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Up 0.3%

NASDAQ OLLI opened at $94.82 on Friday. The company has a market cap of $5.78 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $88.44 and a 52 week high of $141.74. The firm’s 50-day simple moving average is $101.97 and its two-hundred day simple moving average is $112.62.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $779.26 million for the quarter, compared to analyst estimates of $783.72 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OLLI shares. Truist Financial set a $135.00 target price on Ollie’s Bargain Outlet in a research note on Friday, March 13th. UBS Group set a $125.00 price target on Ollie’s Bargain Outlet in a report on Monday, March 16th. Jefferies Financial Group raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $120.00 to $130.00 in a research report on Thursday, April 2nd. Piper Sandler restated an “overweight” rating and issued a $128.00 price objective (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, Weiss Ratings lowered Ollie’s Bargain Outlet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.64.

Ollie’s Bargain Outlet 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.