SG Americas Securities LLC Cuts Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

SG Americas Securities LLC lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 53.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,775 shares of the company’s stock after selling 15,996 shares during the period. SG Americas Securities LLC’s holdings in Ollie’s Bargain Outlet were worth $1,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $136,152,000. Hood River Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after purchasing an additional 773,013 shares during the period. Invesco Ltd. lifted its holdings in Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after acquiring an additional 440,243 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Ollie’s Bargain Outlet by 1,082.9% in the 3rd quarter. Marshall Wace LLP now owns 390,196 shares of the company’s stock valued at $50,101,000 after purchasing an additional 357,210 shares during the last quarter. Finally, Barclays PLC lifted its position in Ollie’s Bargain Outlet by 1,059.9% in the third quarter. Barclays PLC now owns 365,722 shares of the company’s stock valued at $46,959,000 after buying an additional 334,192 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $97.21 on Tuesday. The company has a market cap of $5.93 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $88.44 and a one year high of $141.74. The business has a fifty day moving average of $104.69 and a two-hundred day moving average of $114.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $779.26 million for the quarter, compared to analyst estimates of $783.72 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OLLI. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. Wells Fargo & Company raised shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $120.00 to $130.00 in a report on Friday, March 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Morgan Stanley reduced their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, Truist Financial set a $135.00 target price on Ollie’s Bargain Outlet in a report on Friday, March 13th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $141.14.

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 5,231 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total value of $481,722.79. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. This represents a 9.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,255 shares of company stock valued at $956,384. 0.75% of the stock is currently owned by corporate insiders.

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.