Pembroke Management LTD Has $12.98 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Pembroke Management LTD grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 101,061 shares of the company’s stock after purchasing an additional 8,942 shares during the period. Ollie’s Bargain Outlet comprises approximately 1.3% of Pembroke Management LTD’s portfolio, making the stock its 29th biggest position. Pembroke Management LTD owned about 0.16% of Ollie’s Bargain Outlet worth $12,976,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OLLI. Invesco Ltd. boosted its position in shares of Ollie’s Bargain Outlet by 55.5% during the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after acquiring an additional 773,013 shares in the last quarter. Norges Bank bought a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at $83,622,000. JPMorgan Chase & Co. boosted its holdings in Ollie’s Bargain Outlet by 51.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 639,417 shares of the company’s stock worth $84,262,000 after acquiring an additional 217,405 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Ollie’s Bargain Outlet by 5,089.0% in the 2nd quarter. Franklin Resources Inc. now owns 197,338 shares of the company’s stock worth $26,005,000 after acquiring an additional 193,535 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $116.61 on Friday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.08 and a beta of 0.48. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $94.88 and a 52 week high of $141.74. The firm’s 50-day simple moving average is $117.02 and its two-hundred day simple moving average is $125.69.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

OLLI has been the topic of a number of recent analyst reports. Craig Hallum reissued a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. UBS Group reduced their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, December 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Morgan Stanley cut their target price on Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 367 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total transaction of $44,069.36. Following the completion of the transaction, the chief financial officer owned 3,641 shares in the company, valued at approximately $437,211.28. This represents a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James J. Comitale sold 1,775 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the completion of the sale, the senior vice president directly owned 2,898 shares of the company’s stock, valued at approximately $364,423.50. This trade represents a 37.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,171 shares of company stock valued at $270,473 over the last three months. Company insiders own 0.75% of the company’s stock.

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.