Citigroup Inc. Has $2.77 Million Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Citigroup Inc. decreased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 19.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,579 shares of the company’s stock after selling 5,339 shares during the period. Citigroup Inc.’s holdings in Ollie’s Bargain Outlet were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

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

Ollie’s Bargain Outlet Stock Down 0.3%

NASDAQ OLLI opened at $108.92 on Friday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 1.67 and a beta of 0.53. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $97.04 and a twelve month high of $141.74. The stock has a fifty day simple moving average of $111.47 and a 200 day simple moving average of $120.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. During the same quarter in the previous year, the company earned $0.58 EPS. The company’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. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company dropped 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. UBS Group lowered their target price on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the stock in a transaction that occurred on 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 directly owned 48,200 shares in the company, valued at approximately $5,401,292. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% 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.