American Century Companies Inc. Has $50.34 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

American Century Companies Inc. decreased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.7% in the third quarter, Holdings Channel reports. The institutional investor owned 392,051 shares of the company’s stock after selling 28,368 shares during the quarter. American Century Companies Inc.’s holdings in Ollie’s Bargain Outlet were worth $50,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC increased 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 worth $328,000 after buying an additional 615 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Ollie’s Bargain Outlet by 993.4% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $51,929,000 after acquiring an additional 133,537 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Ollie’s Bargain Outlet by 12.1% in 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 valued at $21,342,000 after acquiring an additional 19,837 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $109.23 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $97.04 and a 52 week high of $141.74. The stock has a market capitalization of $6.70 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.53. The stock has a fifty day moving average of $111.53 and a 200-day moving average of $120.27.

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

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group dropped 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 report on Wednesday, December 10th. Craig Hallum restated a “buy” rating and issued a $157.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Morgan Stanley cut their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Citigroup cut their price target 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. Finally, Piper Sandler reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research 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’s stock. According to data from MarketBeat.com, the company currently has an average 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.