Gibbs Wealth Management Has $298,000 Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Gibbs Wealth Management lessened its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 70.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,511 shares of the company’s stock after selling 6,110 shares during the period. Gibbs Wealth Management’s holdings in Ollie’s Bargain Outlet were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP boosted its holdings in shares of 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 worth $535,310,000 after acquiring an additional 49,603 shares during the period. Invesco Ltd. boosted its holdings in shares of Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 15.2% during the third quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock worth $140,654,000 after acquiring an additional 144,649 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth approximately $136,152,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares during the period.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several research reports. Wells Fargo & Company upgraded shares of 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 note on Friday, March 13th. Royal Bank Of Canada upped their price target on shares of Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Piper Sandler restated an “overweight” rating and issued a $128.00 price target (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Bank of America restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.14.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $89.91 on Monday. The company has a market capitalization of $5.48 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $88.44 and a 52 week high of $141.74. The company’s 50-day simple moving average is $103.50 and its 200 day simple moving average is $113.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $779.26 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,585 shares of company stock worth $1,275,398 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

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.