SG Americas Securities LLC Boosts Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

SG Americas Securities LLC grew its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 315.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,771 shares of the company’s stock after acquiring an additional 22,604 shares during the period. SG Americas Securities LLC’s holdings in Ollie’s Bargain Outlet were worth $3,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in Ollie’s Bargain Outlet by 28.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after purchasing an additional 615 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after buying an additional 1,957 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after buying an additional 133,537 shares during the period. Empowered Funds LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the first quarter worth about $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Ollie’s Bargain Outlet by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after acquiring an additional 19,837 shares during the period.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 1,775 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $125.75, for a total transaction of $223,206.25. Following the completion of the sale, the senior vice president directly owned 2,898 shares in the company, valued at approximately $364,423.50. The trade was a 37.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 367 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the transaction, the chief financial officer directly owned 3,641 shares of the company’s stock, valued at $437,211.28. The trade was a 9.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,664 shares of company stock worth $453,993. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $118.49 on Monday. The company’s fifty day moving average price is $117.65 and its 200 day moving average price is $126.13. The stock has a market capitalization of $7.27 billion, a P/E ratio of 32.73, a P/E/G ratio of 2.10 and a beta of 0.48. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $94.88 and a 1 year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $613.62 million for 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 last year, the firm posted $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on OLLI. Wells Fargo & Company reduced their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, December 19th. Morgan Stanley cut their target price on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Citigroup dropped their price target on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $142.57.

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.