GSA Capital Partners LLP Acquires New Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

GSA Capital Partners LLP acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 13,018 shares of the company’s stock, valued at approximately $1,672,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Integrated Wealth Concepts LLC increased its holdings in shares of 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 worth $328,000 after acquiring an additional 615 shares in the last quarter. Jones Financial Companies Lllp grew 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 period. Goldman Sachs Group Inc. increased its stake 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 in the last quarter. Empowered Funds LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 buying an additional 19,837 shares during the period.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total transaction of $126,179.56. Following the transaction, the chairman owned 48,200 shares in the company, valued at approximately $5,401,292. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on OLLI shares. Citigroup reduced their price target on shares of 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Craig Hallum reissued a “buy” rating and issued a $157.00 price target on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. UBS Group cut their price target on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. Finally, Wells Fargo & Company decreased their price objective on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $142.14.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $111.74 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $94.88 and a 1 year high of $141.74. The stock has a market capitalization of $6.85 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.74 and a beta of 0.51. The company’s 50-day moving average is $112.41 and its 200-day moving average is $122.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The business had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.