Ollie's Bargain Outlet Holdings, Inc. $OLLI Stock Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management reduced its Ollie’s Bargain Outlet stake by 63% in the third quarter, selling 399,126 shares and retaining 234,265 shares valued at approximately $20.1 million.
• Analysts remain broadly positive, with 13 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $102.43.
• Ollie’s reported quarterly EPS of $1.42, beating estimates of $1.12, while revenue rose 9.1% year over year to $741.31 million, slightly below expectations.

Congress Asset Management Co. lessened its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 63.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,265 shares of the company's stock after selling 399,126 shares during the period. Congress Asset Management Co. owned approximately 0.39% of Ollie's Bargain Outlet worth $20,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Ollie's Bargain Outlet during the 2nd quarter valued at about $430,204,000. Wasatch Advisors LP boosted its stake in shares of Ollie's Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company's stock valued at $335,356,000 after purchasing an additional 1,371,744 shares during the period. Primecap Management Co. CA bought a new position in shares of Ollie's Bargain Outlet in the second quarter worth approximately $67,338,000. J. Goldman & Co LP purchased a new position in shares of Ollie's Bargain Outlet in the second quarter worth $41,494,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ollie's Bargain Outlet in the second quarter worth $30,660,000.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ollie's Bargain Outlet from $70.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, August 18th. Piper Sandler set a $98.00 price target on Ollie's Bargain Outlet in a research report on Thursday, September 3rd. Citigroup reduced their price objective on Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating for the company in a research report on Friday, September 4th. UBS Group cut their target price on Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, August 27th. Finally, Truist Financial upped their price target on shares of Ollie's Bargain Outlet from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average target price of $102.43.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $87.75 on Wednesday. The firm has a fifty day moving average price of $77.79 and a 200-day moving average price of $79.83. The stock has a market cap of $5.21 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $133.28.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.12 by $0.30. Ollie's Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The firm had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company's quarterly revenue was up 9.1% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year.

Ollie's Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates Ollie's Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing selection of brand-name products at discounted prices, with inventory varying based on availability and opportunistic purchasing.

The company's merchandise generally includes housewares, food, hardware, toys, seasonal goods, books, flooring, apparel, and other consumer products. Ollie's uses a treasure-hunt-style shopping experience, with stores organized to emphasize value and frequently changing assortments.

Founded in 1982 in Mechanicsburg, Pennsylvania, Ollie's has expanded into a national retail chain serving customers across numerous U.S.

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