Life Cycle Investment Partners Ltd Buys New Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Life Cycle Investment Partners Ltd bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, Holdings Channel reports. The institutional investor bought 159,265 shares of the company’s stock, valued at approximately $17,457,000.

Several other institutional investors have also recently added to or reduced their stakes in OLLI. Wasatch Advisors LP increased its stake in shares of Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after acquiring an additional 49,603 shares during the last quarter. Invesco Ltd. increased its stake in shares of Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after acquiring an additional 440,243 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Ollie’s Bargain Outlet by 15.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock valued at $140,654,000 after acquiring an additional 144,649 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $136,152,000. Finally, Stephens Investment Management Group LLC increased its stake in shares of Ollie’s Bargain Outlet by 25.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 848,385 shares of the company’s stock valued at $92,991,000 after acquiring an additional 170,900 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $128.00 price objective (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Citigroup dropped their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, UBS Group set a $125.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Monday, March 16th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.29.

Insider Activity

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

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $81.84 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $73.32 and a 1 year high of $141.74. The stock has a market capitalization of $4.96 billion, a P/E ratio of 20.98, a PEG ratio of 1.44 and a beta of 0.48. The stock has a 50-day simple moving average of $90.27 and a 200-day simple moving average of $106.00.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The business had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current 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.