Axiom Investors LLC DE Has $8.35 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Axiom Investors LLC DE reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 28.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,132 shares of the company’s stock after selling 29,826 shares during the period. Axiom Investors LLC DE’s holdings in Ollie’s Bargain Outlet were worth $8,345,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Claret Asset Management Corp increased its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the 4th quarter. Claret Asset Management Corp now owns 242,042 shares of the company’s stock valued at $26,530,000 after acquiring an additional 938 shares during the last quarter. Capital World Investors increased its holdings in shares of Ollie’s Bargain Outlet by 76.5% during the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock valued at $76,230,000 after acquiring an additional 301,332 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Ollie’s Bargain Outlet by 70.2% during the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after acquiring an additional 318,865 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,389 shares of the company’s stock valued at $1,869,000 after acquiring an additional 360 shares during the last quarter. Finally, Havemeyer Place LP acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $308,000.

Insider Activity at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total value of $319,014.00. Following the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,459 shares of company stock valued at $1,149,218 in the last 90 days. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OLLI. The Goldman Sachs Group decreased their target price on Ollie’s Bargain Outlet from $151.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the company from $120.00 to $130.00 in a research note on Thursday, April 2nd. Weiss Ratings downgraded Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Bank of America restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, Truist Financial set a $112.00 target price on Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.13.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $77.88 on Wednesday. The stock has a fifty day moving average of $85.63 and a 200-day moving average of $102.08. The stock has a market capitalization of $4.71 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.37 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $73.32 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results 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 analyst estimates of $661.65 million. During the same period last year, the company earned $0.75 EPS. The firm’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. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

About Ollie’s Bargain Outlet

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.