Congress Asset Management Co. Cuts Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Congress Asset Management Co. lowered its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 879,320 shares of the company’s stock after selling 670,615 shares during the quarter. Congress Asset Management Co. owned approximately 1.43% of Ollie’s Bargain Outlet worth $96,382,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Pembroke Management LTD boosted its stake in Ollie’s Bargain Outlet by 9.7% during the 3rd quarter. Pembroke Management LTD now owns 101,061 shares of the company’s stock worth $12,976,000 after purchasing an additional 8,942 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Ollie’s Bargain Outlet by 63.9% during the third quarter. New York State Common Retirement Fund now owns 104,385 shares of the company’s stock worth $13,403,000 after buying an additional 40,705 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at about $1,672,000. Rheos Capital Works Inc. raised its position in shares of Ollie’s Bargain Outlet by 10.4% in the third quarter. Rheos Capital Works Inc. now owns 213,000 shares of the company’s stock valued at $27,349,000 after buying an additional 20,000 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Ollie’s Bargain Outlet by 315.4% in the third quarter. SG Americas Securities LLC now owns 29,771 shares of the company’s stock worth $3,823,000 after buying an additional 22,604 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Piper Sandler restated an “overweight” rating and set a $128.00 target price (down from $140.00) on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $120.00 to $130.00 in a research report on Friday, March 13th. Finally, Royal Bank Of Canada increased their price target on Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $94.45 on Tuesday. The firm’s 50-day moving average is $109.27 and its two-hundred day moving average is $117.81. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $94.05 and a 12 month high of $141.74. The company has a market capitalization of $5.76 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.73 and a beta of 0.53.

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

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the completion of the sale, the chairman owned 48,200 shares of the company’s stock, 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. Insiders own 0.87% 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.