Maven Securities LTD Acquires New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Maven Securities LTD acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,854 shares of the company’s stock, valued at approximately $3,053,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. Allworth Financial LP raised its holdings in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Maseco LLP purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. raised its holdings in Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares during the period. Finally, Shell Asset Management Co. purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at about $37,000.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,459 shares of company stock worth $1,149,218 over the last three months. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OLLI. Gordon Haskett restated an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Morgan Stanley dropped their target price 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. Royal Bank Of Canada dropped their target price on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Finally, Citigroup dropped their target price 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $125.13.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $83.25 on Monday. The company has a market cap of $5.03 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.45 and a beta of 0.46. The stock has a 50-day moving average of $85.06 and a two-hundred day moving average of $101.23. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $73.32 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, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. During the same period in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter 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. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current fiscal year.

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.