This Fund Sold $81 Million of Ollie's Stock, but Kept a Nearly $100 Million Bet After a 13% Year

Company Overview - Ollie's Bargain Outlet specializes in discounted brand name merchandise and operates over 600 stores across 34 states, targeting value-focused shoppers [1][6][9] - The company reported a revenue of $2.54 billion and a net income of $223.60 million for the trailing twelve months (TTM) [4] Recent Transaction - Congress Asset Management sold 670,615 shares of Ollie's Bargain Outlet during the fourth quarter, valued at approximately $80.86 million based on quarterly average pricing [2][3] - Following the sale, Ollie's represented 0.68% of Congress Asset Management's reportable U.S. equity assets under management (AUM) [3][11] Performance Metrics - As of the latest report, Ollie's shares were priced at $118.49, reflecting a 13% increase over the past year, although it underperformed compared to the S&P 500's nearly 18% gain [3] - In the third quarter of fiscal 2025, Ollie's net sales increased by 18.6% to $613.6 million, and adjusted earnings per share (EPS) surged by 29.3% to $0.75 [10] Strategic Insights - The sale by Congress Asset Management indicates a recalibration of investment strategy rather than a complete retreat from the company, as Ollie's remains a holding albeit at a reduced percentage of AUM [7][11] - The company has opened a record 32 stores in the quarter and raised its full-year revenue guidance to $2.65 billion, with adjusted EPS projected between $3.81 and $3.87 [10]