Alyeska Investment Group L.P. Makes New $33.62 Million Investment in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Alyeska Investment Group L.P. has made a new investment in Ollie's Bargain Outlet, acquiring approximately $33.62 million for 288,888 shares, representing 0.47% ownership.
• Ollie's Bargain Outlet reported $0.99 earnings per share for its latest quarter, surpassing analyst estimates, with revenues increasing by 17.5% year over year.
• Analyst ratings on Ollie's stock are positive, with eight analysts giving it a "Buy" rating and a consensus target price of $143.46.

Alyeska Investment Group L.P. acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 288,888 shares of the company's stock, valued at approximately $33,615,000. Alyeska Investment Group L.P. owned 0.47% of Ollie's Bargain Outlet at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in Ollie's Bargain Outlet during the 1st quarter worth about $30,000. City Holding Co. acquired a new stake in Ollie's Bargain Outlet during the 1st quarter worth about $31,000. Putney Financial Group LLC acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth about $33,000. Opal Wealth Advisors LLC acquired a new stake in Ollie's Bargain Outlet during the 1st quarter worth about $38,000. Finally, Brooklyn Investment Group boosted its position in Ollie's Bargain Outlet by 133.5% during the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company's stock worth $45,000 after acquiring an additional 223 shares during the period.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock opened at $128.57 on Thursday. The stock's 50 day simple moving average is $132.60 and its 200 day simple moving average is $118.09. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $86.67 and a twelve month high of $141.74. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.61 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same period last year, the business earned $0.78 EPS. The firm's revenue was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of research reports. Truist Financial raised their price objective on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Craig Hallum set a $156.00 price objective on Ollie's Bargain Outlet in a research report on Friday, August 29th. Royal Bank Of Canada raised their price target on Ollie's Bargain Outlet from $144.00 to $149.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company raised their price target on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $143.46.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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