Fox Run Management L.L.C. Buys 11,211 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Fox Run Management L.L.C. increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 372.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,220 shares of the company’s stock after buying an additional 11,211 shares during the period. Fox Run Management L.L.C.’s holdings in Ollie’s Bargain Outlet were worth $1,826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP grew its stake in Ollie’s Bargain Outlet by 1.2% in the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. grew its position in shares of Ollie’s Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after buying an additional 911,364 shares during the period. Hood River Capital Management LLC grew its position 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 worth $163,452,000 after buying an additional 773,013 shares during the period. Geode Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 7.6% during the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after acquiring an additional 79,627 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 1,126 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $107.82 on Wednesday. The company’s 50-day simple moving average is $111.98 and its two-hundred day simple moving average is $121.43. The stock has a market capitalization of $6.61 billion, a P/E ratio of 29.78, a P/E/G ratio of 1.64 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $96.20 and a 52-week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OLLI. Wells Fargo & Company decreased their target price on shares of Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. UBS Group dropped their target price on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. Truist Financial set a $142.00 target price on Ollie’s Bargain Outlet in a research note on Friday, January 16th. Finally, Sanford C. Bernstein reaffirmed 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $142.14.

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.