Landscape Capital Management L.L.C. Cuts Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Landscape Capital Management L.L.C. trimmed its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,640 shares of the company’s stock after selling 10,187 shares during the period. Landscape Capital Management L.L.C.’s holdings in Ollie’s Bargain Outlet were worth $3,249,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bessemer Group Inc. raised its stake in shares of Ollie’s Bargain Outlet by 25.0% during the 3rd quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after buying an additional 86 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Ollie’s Bargain Outlet by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after acquiring an additional 91 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $31,000 after acquiring an additional 92 shares during the period. Huntington National Bank grew its holdings in shares of Ollie’s Bargain Outlet by 9.0% in the 3rd quarter. Huntington National Bank now owns 1,145 shares of the company’s stock worth $147,000 after acquiring an additional 95 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Ollie’s Bargain Outlet by 0.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,780 shares of the company’s stock worth $2,797,000 after acquiring an additional 97 shares during the period.

Insider Activity

In other news, Chairman John W. Swygert sold 3,330 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the sale, the chairman owned 48,200 shares in the company, valued at $4,617,560. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,459 shares of company stock worth $1,149,218 in the last 90 days. 0.75% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $83.25 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $73.32 and a 52-week high of $141.74. The stock’s fifty day simple moving average is $85.06 and its 200-day simple moving average is $101.23. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.45 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’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. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OLLI shares. JPMorgan Chase & Co. lowered their price target on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Citigroup lowered their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Piper Sandler set a $114.00 price target on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Truist Financial set a $112.00 price target on Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Loop Capital restated a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.13.

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.