Artisan Partners Limited Partnership Acquires New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Artisan Partners Limited Partnership purchased a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 170,642 shares of the company’s stock, valued at approximately $21,910,000. Artisan Partners Limited Partnership owned about 0.28% of Ollie’s Bargain Outlet as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA raised its position in Ollie’s Bargain Outlet by 71.3% during the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after purchasing an additional 102 shares during the last quarter. Assetmark Inc. increased its stake 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 buying an additional 82 shares during the period. Shell Asset Management Co. bought a new position in shares of Ollie’s Bargain Outlet during the third quarter worth about $37,000. Smartleaf Asset Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 125.0% in the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after acquiring an additional 190 shares during the period. Finally, MAI Capital Management boosted its holdings in Ollie’s Bargain Outlet by 28.5% in the second quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after acquiring an additional 88 shares during the last quarter.

Analyst Ratings Changes

Several research firms have issued reports on OLLI. Wells Fargo & Company lowered their price target on shares of 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. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Craig Hallum reissued a “buy” rating and set a $157.00 target price on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Truist Financial set a $142.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, January 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.14.

Insider Activity at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 1,126 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Trading Down 0.7%

OLLI opened at $107.10 on Friday. The company has a fifty day moving average price of $111.90 and a two-hundred day moving average price of $120.96. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $97.04 and a 1-year high of $141.74. The company has a market cap of $6.57 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 1.64 and a beta of 0.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 9th. The company reported $0.75 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 company had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. During the same period last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.