Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has significantly increased its stake in Ollie's Bargain Outlet by 94.3%, acquiring an additional 16,686 shares to hold a total of 34,382 shares, valued at approximately $4 million.
• Multiple large investors, including Wellington Management Group and Ameriprise Financial, have also boosted their positions in Ollie's, indicating strong institutional interest in the stock.
• Ollie's Bargain Outlet has received a consensus rating of "Moderate Buy" with a price target of $143.46, as analysts suggest positive growth potential based on its recent earnings performance.

PDT Partners LLC grew its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 94.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,382 shares of the company's stock after purchasing an additional 16,686 shares during the quarter. PDT Partners LLC owned about 0.06% of Ollie's Bargain Outlet worth $4,001,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caxton Associates LP purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $438,000. Schonfeld Strategic Advisors LLC raised its position in Ollie's Bargain Outlet by 85.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock valued at $636,000 after purchasing an additional 2,668 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Ollie's Bargain Outlet by 63.8% in the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after acquiring an additional 4,563 shares in the last quarter. Axiom Investors LLC DE acquired a new position in shares of Ollie's Bargain Outlet in the first quarter worth $4,749,000. Finally, DAVENPORT & Co LLC grew its stake in shares of Ollie's Bargain Outlet by 10.6% in the first quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company's stock worth $264,000 after acquiring an additional 217 shares in the last quarter.

Ollie's Bargain Outlet Stock Performance

OLLI traded up $5.29 on Thursday, hitting $133.86. 1,466,199 shares of the company were exchanged, compared to its average volume of 1,179,583. The business's fifty day moving average is $132.61 and its 200 day moving average is $118.27. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.74. The firm has a market capitalization of $8.21 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 2.61 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie's Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The company had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. During the same period in the prior year, the business posted $0.78 earnings per share. The firm's revenue for the quarter 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. Analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on OLLI. Piper Sandler boosted their target price on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Craig Hallum set a $156.00 price objective on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Wells Fargo & Company upped their price objective on shares of Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, Bank of America upped their price objective on shares of Ollie's Bargain Outlet from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $143.46.

About Ollie's Bargain Outlet

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.