Ollie’s Bargain Outlet Holdings, Inc. $OLLI Position Cut by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,051 shares of the company’s stock after selling 28,368 shares during the quarter. American Century Companies Inc. owned 0.64% of Ollie’s Bargain Outlet worth $50,340,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Ollie’s Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the period. Bessemer Group Inc. increased its position in shares of Ollie’s Bargain Outlet by 25.0% during the 3rd quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after purchasing an additional 86 shares during the period. MAI Capital Management raised its stake in shares of Ollie’s Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after buying an additional 88 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after buying an additional 90 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Ollie’s Bargain Outlet by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares in the last quarter.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada set a $140.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and issued a $162.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Wells Fargo & Company cut their price objective on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, December 19th. Finally, KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $142.14.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $109.23 on Friday. The firm has a 50 day simple moving average of $111.53 and a 200 day simple moving average of $120.27. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $97.04 and a 52 week high of $141.74. The company has a market cap of $6.70 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. During the same period in the previous year, the business earned $0.58 EPS. The company’s revenue 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. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.