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

Lecap Asset Management Ltd. purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,821 shares of the company’s stock, valued at approximately $1,076,000.

A number of other large investors also recently modified their holdings of the company. Merit Financial Group LLC boosted its holdings in Ollie’s Bargain Outlet by 10.9% in the 4th quarter. Merit Financial Group LLC now owns 2,607 shares of the company’s stock valued at $286,000 after purchasing an additional 257 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Ollie’s Bargain Outlet by 1.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 61,608 shares of the company’s stock worth $7,121,000 after buying an additional 677 shares in the last quarter. CWM LLC boosted its stake in Ollie’s Bargain Outlet by 98.0% during the fourth quarter. CWM LLC now owns 10,864 shares of the company’s stock valued at $1,191,000 after buying an additional 5,376 shares during the period. Farther Finance Advisors LLC grew its position in Ollie’s Bargain Outlet by 21.9% during the fourth quarter. Farther Finance Advisors LLC now owns 986 shares of the company’s stock worth $108,000 after buying an additional 177 shares in the last quarter. Finally, ABLE Financial Group LLC increased its stake in Ollie’s Bargain Outlet by 3.5% in the 4th quarter. ABLE Financial Group LLC now owns 9,168 shares of the company’s stock worth $1,005,000 after acquiring an additional 311 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $94.82 on Friday. The company has a market capitalization 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 one year low of $88.44 and a one year high of $141.74. The company’s 50 day moving average price is $101.97 and its two-hundred day moving average price is $112.62.

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

Analysts Set New Price Targets

OLLI has been the subject of a number of research analyst reports. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price target for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $130.00 in a research report on Friday, March 13th. Piper Sandler reissued an “overweight” rating and issued a $128.00 price target (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Finally, Bank of America reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $140.64.

Insider Transactions at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 3,330 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. This trade represents 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 have sold 13,585 shares of company stock worth $1,275,398 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.