Pembroke Management LTD Acquires 8,942 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Pembroke Management LTD increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 101,061 shares of the company’s stock after purchasing an additional 8,942 shares during the period. Ollie’s Bargain Outlet accounts for 1.3% of Pembroke Management LTD’s investment portfolio, making the stock its 29th largest holding. Pembroke Management LTD’s holdings in Ollie’s Bargain Outlet were worth $12,976,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OLLI. Private Trust Co. NA lifted its position in shares of Ollie’s Bargain Outlet by 71.3% during the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Assetmark Inc. grew its position in shares of Ollie’s Bargain Outlet by 44.8% in 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. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. MAI Capital Management lifted its holdings in Ollie’s Bargain Outlet by 28.5% during the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in Ollie’s Bargain Outlet by 31.7% during the 3rd quarter. HM Payson & Co. now owns 544 shares of the company’s stock worth $70,000 after purchasing an additional 131 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 1,775 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the completion of the transaction, the senior vice president directly owned 2,898 shares in the company, valued at approximately $364,423.50. This represents a 37.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 367 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the transaction, the chief financial officer owned 3,641 shares in the company, valued at $437,211.28. This trade represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,171 shares of company stock worth $270,473. 0.75% of the stock is owned by insiders.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $116.61 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $94.88 and a 1-year high of $141.74. The company has a market capitalization of $7.15 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.08 and a beta of 0.48. The firm’s 50 day simple moving average is $117.02 and its 200 day simple moving average is $125.69.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 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 analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on OLLI. Citigroup reduced their target price on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. UBS Group lowered their target price on shares of Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $162.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.