Picton Mahoney Asset Management Grows Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Picton Mahoney Asset Management increased its stake in Ollie's by 39.5% in Q3, buying an additional 31,679 shares to hold 111,950 shares (about 0.18% of the company) valued at $14.37 million.
• Other institutions — notably Wasatch Advisors, Invesco and Hood River Capital — also materially raised positions, taking multi‑hundred‑thousand‑share stakes that point to broader institutional accumulation.
• Ollie's beat Q4 EPS estimates ($0.75 vs. $0.71), reported revenue up 18.6% year‑over‑year, set FY2025 guidance of $3.81–$3.87 EPS, and carries an analyst consensus of Moderate Buy with an average target of $142.14.

Picton Mahoney Asset Management grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 39.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,950 shares of the company's stock after purchasing an additional 31,679 shares during the period. Picton Mahoney Asset Management owned approximately 0.18% of Ollie's Bargain Outlet worth $14,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OLLI. Wasatch Advisors LP lifted its position in Ollie's Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company's stock valued at $535,310,000 after buying an additional 49,603 shares in the last quarter. Invesco Ltd. raised its stake in shares of Ollie's Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company's stock valued at $336,382,000 after acquiring an additional 911,364 shares during the period. Hood River Capital Management LLC raised its stake in shares of Ollie's Bargain Outlet by 165.4% in the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company's stock valued at $163,452,000 after acquiring an additional 773,013 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ollie's Bargain Outlet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company's stock valued at $150,284,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Ollie's Bargain Outlet by 14.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 950,770 shares of the company's stock worth $125,293,000 after purchasing an additional 122,027 shares during the period.

Ollie's Bargain Outlet Trading Up 5.1%

Shares of NASDAQ:OLLI opened at $108.79 on Thursday. The company has a fifty day simple moving average of $111.57 and a 200 day simple moving average of $120.35. The firm has a market cap of $6.67 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.53. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $97.04 and a 12-month high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.04. The firm had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. Ollie's Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The firm's revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analysts Set New Price Targets

OLLI has been the topic of several research reports. Wall Street Zen lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating in a research report on Sunday, November 9th. Piper Sandler reiterated an "overweight" rating on shares of Ollie's Bargain Outlet in a report on Wednesday, December 10th. Truist Financial set a $142.00 price target on Ollie's Bargain Outlet in a research report on Friday, January 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ollie's Bargain Outlet in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $162.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average target price of $142.14.

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 1,126 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares of the company's stock, valued at $5,401,292. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.

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