Next Century Growth Investors LLC Sells 82,786 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Next Century Growth Investors LLC reduced its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 49.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 85,167 shares of the company’s stock after selling 82,786 shares during the quarter. Next Century Growth Investors LLC’s holdings in Ollie’s Bargain Outlet were worth $9,335,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Entropy Technologies LP bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $1,002,000. Aigen Investment Management LP increased its stake in Ollie’s Bargain Outlet by 94.9% in the 4th quarter. Aigen Investment Management LP now owns 3,503 shares of the company’s stock worth $384,000 after acquiring an additional 1,706 shares during the last quarter. Maverick Capital Ltd. bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $4,939,000. Bridgewater Associates LP increased its stake in Ollie’s Bargain Outlet by 361.6% in the 4th quarter. Bridgewater Associates LP now owns 44,415 shares of the company’s stock worth $4,868,000 after acquiring an additional 34,794 shares during the last quarter. Finally, Commerce Bank increased its stake in Ollie’s Bargain Outlet by 9.0% in the 4th quarter. Commerce Bank now owns 6,860 shares of the company’s stock worth $752,000 after acquiring an additional 569 shares during the last quarter.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Truist Financial set a $112.00 target price on Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Citigroup decreased their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. KeyCorp set a $140.00 target price on Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. Finally, Gordon Haskett restated an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $125.13.

Insiders Place Their Bets

In related news, Chairman John W. Swygert sold 3,330 shares of the 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 directly owned 48,200 shares in the company, valued at $4,617,560. This represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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. Corporate insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $83.25 on Monday. The stock has a 50-day moving average price of $85.06 and a 200-day moving average price of $101.23. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $73.32 and a 12-month high of $141.74. The stock has a market capitalization of $5.03 billion, a P/E ratio of 20.56, a PEG 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 analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS 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.