GSA Capital Partners LLP Buys Shares of 13,018 Ollie’s Bargain Outlet Holdings, Inc. $OLLI

GSA Capital Partners LLP acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,018 shares of the company’s stock, valued at approximately $1,672,000.

Several other hedge funds have also recently bought and sold shares of OLLI. SG Capital Management LLC bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $13,682,000. Pembroke Management LTD lifted its stake in Ollie’s Bargain Outlet by 9.7% during the third 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 period. New York Life Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the second quarter valued at approximately $846,000. Rheos Capital Works Inc. grew its stake in shares of Ollie’s Bargain Outlet by 10.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 213,000 shares of the company’s stock valued at $27,349,000 after purchasing an additional 20,000 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Ollie’s Bargain Outlet by 315.4% in the 3rd quarter. SG Americas Securities LLC now owns 29,771 shares of the company’s stock valued at $3,823,000 after purchasing an additional 22,604 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup decreased their price target on 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. Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Truist Financial set a $142.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, January 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $162.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Finally, Craig Hallum restated a “buy” rating and issued a $157.00 price target 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 given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.14.

Insiders Place Their Bets

In other news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $111.74 on Wednesday. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 1.74 and a beta of 0.51. The company has a 50 day moving average of $112.41 and a 200-day moving average of $122.49. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $94.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data 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. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The firm had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same period last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.