Jefferies Financial Group Inc. acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,460 shares of the company’s stock, valued at approximately $1,256,000.
Other large investors have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. Maseco LLP acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $30,000. Shell Asset Management Co. acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC increased its position in Ollie’s Bargain Outlet by 125.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter.
Analyst Upgrades and Downgrades
OLLI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped 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. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Piper Sandler reissued 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. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial set a $135.00 target price 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 stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $137.21.
Ollie’s Bargain Outlet Stock Up 5.0%
Shares of NASDAQ:OLLI opened at $82.54 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $73.32 and a 52-week high of $141.74. The company has a 50 day moving average of $88.25 and a two-hundred day moving average of $104.67. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.38 and a beta of 0.48.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $783.72 million. During the same quarter last year, the company earned $1.19 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter 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, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current year.
Insider Transactions at Ollie’s Bargain Outlet
In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were 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 of the company’s stock, valued at $4,617,560. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,459 shares of company stock valued at $1,149,218 over the last three months. 0.75% of the stock is owned by company insiders.
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.
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