Wasatch Advisors LP Sells 174,369 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Wasatch Advisors LP decreased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,990,323 shares of the company’s stock after selling 174,369 shares during the quarter. Ollie’s Bargain Outlet accounts for about 1.8% of Wasatch Advisors LP’s investment portfolio, making the stock its 13th largest position. Wasatch Advisors LP’s holdings in Ollie’s Bargain Outlet were worth $275,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its position in Ollie’s Bargain Outlet by 28.0% during 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 period. Jones Financial Companies Lllp raised its position in Ollie’s Bargain Outlet by 993.4% in the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after acquiring an additional 1,957 shares during the period. Goldman Sachs Group Inc. raised its position in Ollie’s Bargain Outlet by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares during the period. Empowered Funds LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Ollie’s Bargain Outlet by 12.1% during the 1st 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 acquiring an additional 19,837 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $71.91 on Friday. The company has a 50 day simple moving average of $81.43 and a two-hundred day simple moving average of $98.19. The firm has a market cap of $4.35 billion, a P/E ratio of 17.76, a PEG ratio of 1.24 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $70.85 and a 1-year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same period last year, the firm earned $0.75 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total value of $319,014.00. Following the completion of the sale, the chairman owned 48,200 shares in the company, valued at approximately $4,617,560. This represents a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the subject of several analyst reports. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Monday, June 15th. Bank of America reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Morgan Stanley reduced their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, June 4th. Finally, Citigroup reduced their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.13.

About Ollie’s Bargain Outlet

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.