Braun Stacey Associates Inc. grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,613 shares of the company’s stock after buying an additional 12,377 shares during the period. Braun Stacey Associates Inc. owned 0.38% of Ollie’s Bargain Outlet worth $25,606,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in OLLI. Wasatch Advisors LP grew its position in Ollie’s Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after acquiring an additional 49,603 shares during the period. Invesco Ltd. raised its holdings in shares of Ollie’s Bargain Outlet by 17.2% in the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after purchasing an additional 440,243 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 165.4% in 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 purchasing an additional 773,013 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 15.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock valued at $140,654,000 after purchasing an additional 144,649 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $136,152,000.
Ollie’s Bargain Outlet Price Performance
Shares of OLLI stock opened at $95.22 on Friday. The company’s fifty day moving average price is $105.03 and its two-hundred day moving average price is $115.38. The firm has a market capitalization of $5.80 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.67 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $88.44 and a 12 month high of $141.74.
More Ollie’s Bargain Outlet News
Here are the key news stories impacting Ollie’s Bargain Outlet this week:
- Positive Sentiment: Jefferies upgraded OLLI from Hold to Buy and raised its target to $130, highlighting long‑term unit growth, strong market position and stable margins — a direct catalyst that has drawn buyer interest. Read More.
- Positive Sentiment: Wells Fargo added Ollie’s to a tactical list with a $130 target, framing recent weakness as an entry opportunity — another institutional endorsement that supports the rally. Read More.
- Positive Sentiment: Multiple outlets (Zacks, Yahoo/UK, MSN, Seeking Alpha) ran bullish takes emphasizing OLLI’s membership/traffic momentum, margin stability and relative valuation versus peers — reinforcing the narrative that shares are undervalued. Read More.
- Neutral Sentiment: Local expansion news: a new Ollie’s store opened in Derby (connects to unit-growth story). Helpful for long‑run sales and footprint but not an immediate market mover by itself. Read More.
- Negative Sentiment: Chairman John W. Swygert sold 5,231 shares (≈$482K) under a Rule 10b5‑1 plan; while pre‑planned, the disclosed reduction (~9.8% of his holding) can create short‑term caution among some investors. SEC filing and coverage are public. Read More.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on OLLI shares. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Citigroup reduced 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. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, Truist Financial set a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.14.
Check Out Our Latest Stock Report on Ollie’s Bargain Outlet
Insider Activity
In other news, Chairman John W. Swygert sold 5,231 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. This represents a 9.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,255 shares of company stock valued at $956,384. Corporate 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.
Further Reading
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