Rockefeller Capital Management L.P. Purchases 18,656 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Rockefeller Capital Management L.P. lifted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,480 shares of the company’s stock after acquiring an additional 18,656 shares during the period. Rockefeller Capital Management L.P.’s holdings in Ollie’s Bargain Outlet were worth $22,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OLLI. Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $136,152,000. Norges Bank acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $85,845,000. Invesco Ltd. grew its position 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 worth $384,282,000 after buying an additional 440,243 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $44,168,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OLLI shares. Royal Bank Of Canada decreased their price target on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. UBS Group reduced their target price on Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Monday, June 15th. Truist Financial set a $112.00 price target on Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Citigroup reduced their price objective on 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. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $73.42 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $73.26 and a fifty-two week high of $141.74. The firm has a 50-day moving average of $83.03 and a 200 day moving average of $99.35. The firm has a market cap of $4.44 billion, a P/E ratio of 18.13, a PEG ratio of 1.34 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. Ollie’s Bargain Outlet’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Insider Activity

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 sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. This represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 quarter. Corporate insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Company 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.