Summit Creek Advisors LLC Decreases Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Summit Creek Advisors LLC decreased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.4% in the third quarter, Holdings Channel reports. The firm owned 102,529 shares of the company’s stock after selling 26,350 shares during the period. Summit Creek Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $13,165,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its stake in Ollie’s Bargain Outlet by 28.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after buying an additional 615 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Ollie’s Bargain Outlet by 993.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after purchasing an additional 1,957 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after purchasing an additional 133,537 shares during the last quarter. Empowered Funds LLC acquired a new position in Ollie’s Bargain Outlet during the 1st quarter valued at approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after buying an additional 19,837 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $118.49 on Monday. The firm’s fifty day moving average is $117.65 and its two-hundred day moving average is $126.13. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.10 and a beta of 0.48. 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 issued its quarterly earnings data 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 return on equity of 12.86% and a net margin of 8.81%.The business had revenue of $613.62 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter in the previous year, the firm posted $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. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 1,493 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the completion of the transaction, the chief financial officer directly owned 4,008 shares in the company, valued at $492,663.36. The trade was a 27.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James J. Comitale sold 1,775 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $125.75, for a total transaction of $223,206.25. Following the sale, the senior vice president directly owned 2,898 shares in the company, valued at $364,423.50. This trade represents a 37.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,664 shares of company stock valued at $453,993 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OLLI. Royal Bank Of Canada set a $140.00 price objective on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, October 8th. Craig Hallum reiterated a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Piper Sandler reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $162.00 target price 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 given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.57.

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.