Capital World Investors Acquires 301,332 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Capital World Investors raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 76.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 695,464 shares of the company’s stock after buying an additional 301,332 shares during the period. Capital World Investors’ holdings in Ollie’s Bargain Outlet were worth $76,230,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of Ollie’s Bargain Outlet by 70.2% during the fourth quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock worth $84,711,000 after purchasing an additional 318,865 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 2.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 15,389 shares of the company’s stock worth $1,869,000 after purchasing an additional 360 shares during the period. Havemeyer Place LP bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $308,000. WINTON GROUP Ltd increased its stake in shares of Ollie’s Bargain Outlet by 35.9% during the fourth quarter. WINTON GROUP Ltd now owns 9,913 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,620 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. KeyCorp set a $140.00 target price on Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. Citigroup lowered their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. UBS Group lowered their target price on Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Jefferies Financial Group upgraded 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 note on Thursday, April 2nd. Finally, Wells Fargo & Company lowered their target price on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.13.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total value of $319,014.00. Following the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,459 shares of company stock valued at $1,149,218. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $77.88 on Wednesday. The business’s 50 day simple moving average is $85.63 and its 200 day simple moving average is $102.08. The company has a market capitalization of $4.71 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.37 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $73.32 and a 1 year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.51 EPS for the current fiscal year.

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.