Maven Securities LTD Invests $3.05 Million in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Maven Securities LTD acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 27,854 shares of the company’s stock, valued at approximately $3,053,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. grew its position in shares of Ollie’s Bargain Outlet by 25.0% during the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after buying an additional 86 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Ollie’s Bargain Outlet by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Huntington National Bank boosted its holdings in Ollie’s Bargain Outlet by 9.0% in the third quarter. Huntington National Bank now owns 1,145 shares of the company’s stock valued at $147,000 after purchasing an additional 95 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Ollie’s Bargain Outlet by 0.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,780 shares of the company’s stock valued at $2,797,000 after purchasing an additional 97 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $83.25 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $73.32 and a 52-week high of $141.74. The stock has a 50 day moving average price of $85.06 and a 200 day moving average price of $101.23. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.45 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data 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. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman owned 48,200 shares in the company, valued at approximately $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,459 shares of company stock valued at $1,149,218 in the last three months. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OLLI. Wells Fargo & Company lowered their price target on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Jefferies Financial Group raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price target for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Citigroup lowered their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Morgan Stanley lowered their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.13.

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.