Pembroke Management LTD Has $13.55 Million Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Pembroke Management LTD reduced its stake in Ollie's Bargain Outlet by 2.2%, owning 116,435 shares valued at approximately $13.55 million.
• Several hedge funds, including Bank of New York Mellon Corp and Wellington Management Group LLP, significantly increased their stakes in Ollie's during the first quarter.
• Ollie's reported a 17.5% increase in revenue year-over-year and exceeded earnings per share estimates by $0.08, with a forecasted EPS of 3.29 for the current year.

Pembroke Management LTD reduced its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,435 shares of the company's stock after selling 2,643 shares during the period. Ollie's Bargain Outlet comprises approximately 2.0% of Pembroke Management LTD's investment portfolio, making the stock its 22nd largest position. Pembroke Management LTD owned 0.19% of Ollie's Bargain Outlet worth $13,548,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Geneva Capital Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 1.1% in the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock valued at $122,115,000 after purchasing an additional 10,913 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ollie's Bargain Outlet by 25.5% in the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock valued at $102,629,000 after purchasing an additional 179,452 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock valued at $98,301,000 after purchasing an additional 615,257 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ollie's Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company's stock valued at $96,428,000 after purchasing an additional 468,944 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Ollie's Bargain Outlet by 13.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock valued at $94,168,000 after purchasing an additional 95,204 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. KeyCorp set a $145.00 price target on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research note on Thursday, June 26th. Loop Capital downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research report on Tuesday, June 24th. Piper Sandler lifted 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 report on Tuesday, August 19th. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Ollie's Bargain Outlet from $133.00 to $144.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $132.62.

Insider Activity

In other news, CEO Der Valk Eric Van sold 728 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $131.39 on Friday. The company has a market capitalization of $8.06 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.93 and a beta of 0.40. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.29 and a 52-week high of $141.74. The company's 50 day moving average price is $132.67 and its 200-day moving average price is $117.49.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.08. The firm had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 EPS. 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 earnings per share for the current year.

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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