Y Intercept Hong Kong Ltd Has $6.79 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Y Intercept Hong Kong Ltd trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 19.5% in the first quarter, Holdings Channel reports. The fund owned 73,749 shares of the company’s stock after selling 17,865 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ollie’s Bargain Outlet were worth $6,788,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Allworth Financial LP raised its position in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP bought a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares in the last quarter.

Analyst Upgrades and Downgrades

OLLI has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $130.00 in a research report on Thursday, April 2nd. Morgan Stanley decreased their price target on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, June 4th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Monday, June 15th. Finally, Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $74.21 on Friday. The stock’s 50 day moving average is $79.68 and its 200 day moving average is $96.77. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $70.85 and a one year high of $141.74. The firm has a market cap of $4.49 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.29 and a beta of 0.47.

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

Insider Activity

In other news, Chairman John W. Swygert sold 3,330 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total value of $319,014.00. Following the sale, the chairman directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.