TimesSquare Capital Management LLC Boosts Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

TimesSquare Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 246,235 shares of the company’s stock after buying an additional 73,633 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $26,990,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC increased its holdings in Ollie’s Bargain Outlet by 21.2% during the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock worth $13,234,000 after buying an additional 21,138 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Ollie’s Bargain Outlet by 80.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock worth $23,352,000 after buying an additional 95,011 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Ollie’s Bargain Outlet during the third quarter worth about $1,672,000. Braun Stacey Associates Inc. increased its holdings in Ollie’s Bargain Outlet by 5.6% during the fourth quarter. Braun Stacey Associates Inc. now owns 233,613 shares of the company’s stock worth $25,606,000 after buying an additional 12,377 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Ollie’s Bargain Outlet by 63.9% during the third quarter. New York State Common Retirement Fund now owns 104,385 shares of the company’s stock worth $13,403,000 after buying an additional 40,705 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 3.7%

Shares of NASDAQ:OLLI opened at $81.37 on Tuesday. The firm has a market capitalization of $4.94 billion, a PE ratio of 20.86, a P/E/G ratio of 1.38 and a beta of 0.48. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $73.32 and a twelve month high of $141.74. The company has a 50-day moving average price of $92.24 and a two-hundred day moving average price of $107.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $779.26 million during 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% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were 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. This trade represents a 9.79% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,459 shares of company stock valued at $1,149,218 in the last three months. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on OLLI. UBS Group set a $125.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, March 16th. Piper Sandler reiterated an “overweight” rating and set a $128.00 target price (down from $140.00) on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the stock from $120.00 to $130.00 in a research report on Thursday, April 2nd. Morgan Stanley cut their target price on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.29.

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.