Ollie’s Bargain Outlet Holdings, Inc. $OLLI Stake Boosted by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 39.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,950 shares of the company’s stock after purchasing an additional 31,679 shares during the period. Picton Mahoney Asset Management’s holdings in Ollie’s Bargain Outlet were worth $14,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OLLI. Private Trust Co. NA boosted its holdings in shares of Ollie’s Bargain Outlet by 71.3% in the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after buying an additional 102 shares during the period. Assetmark Inc. lifted its holdings in Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 82 shares during the last quarter. Shell Asset Management Co. acquired a new position in Ollie’s Bargain Outlet in the third quarter valued at approximately $37,000. Smartleaf Asset Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock valued at $45,000 after purchasing an additional 190 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of Ollie’s Bargain Outlet by 28.5% during the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares during the period.

Insider Activity

In related news, Chairman John W. Swygert sold 1,126 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $112.06, for a total transaction of $126,179.56. Following the transaction, the chairman owned 48,200 shares in the company, valued at $5,401,292. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $108.79 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $97.04 and a one year high of $141.74. The stock’s fifty day moving average is $111.57 and its 200-day moving average is $120.35. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) 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 analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. Ollie’s Bargain Outlet’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on OLLI shares. UBS Group reduced their price objective on 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. Craig Hallum reissued a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Citigroup lowered their price target on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $162.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Finally, KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.14.

About Ollie’s Bargain Outlet

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.