Ollie’s & Geneva Capital: A Minor Adjustment?
February 13th. Right. Another day, another market wobble. Honestly, it’s exhausting. And today’s little drama? Geneva Capital Management LLC deciding to lighten its load of Ollie’s Bargain Outlet Holdings (OLLI). Not a total abandonment, mind you. Just…a trim. Like a slightly regrettable haircut.
Units of Ollie’s shares sold: 95,151. Estimated transaction value: $11.47 million. Hours spent trying to decipher the meaning of this: far too many. It’s always the small things, isn’t it? The little shifts that send you spiraling into existential dread about your portfolio.
Apparently, Geneva Capital sold these shares during the last quarter. It’s a fairly sizeable amount, but the fund still holds 2.13% of its reportable assets in Ollie’s. Down from 2.34%, but not exactly running for the hills. Which is…reassuring? Or just delaying the inevitable? I really need a holiday.
What’s Actually Happening?
Ollie’s, for those blissfully unaware, is a discount retailer. Think closeouts, excess inventory, the kind of place where you find unexpectedly amazing things alongside slightly terrifying ones. They have over 450 stores, mostly in the eastern and central US. It’s a business model that appeals to my inner bargain hunter, and, apparently, to Geneva Capital…mostly.
Their top holdings, as of the latest filing, are a reassuringly boring list: NYSE: RBC ($231.31 million), NASDAQ: ROAD ($197.68 million), NASDAQ: EXLS ($195.30 million), NYSE: GMED ($166.06 million), and NYSE: ESE ($154.01 million). Solid. Predictable. Unlike my dating life.
The stock itself was at $113.75 on February 11th, up 10% year-on-year. Which is…okay. Underperforming the S&P 500 by 4.39 percentage points, though. Not great. It feels like Ollie’s had a good run, and now it’s…pausing for breath. Or possibly bracing for impact.
A Little Financial Snapshot
Here’s what the numbers say (because numbers are supposed to be comforting, even if they aren’t):
| Metric | Value |
|---|---|
| Revenue (TTM) | $2.54 billion |
| Net Income (TTM) | $223.60 million |
| Price (as of market close 2026-02-11) | $113.75 |
| One-Year Price Change | 10.00% |
They’ve recently acquired Big Lots and opened 86 new stores, which is…ambitious. Expansion is good, right? Unless it’s reckless expansion. Oh, the anxiety.
So, What Does it All Mean?
Honestly? I’m not entirely sure. Geneva Capital has held Ollie’s for years, and a modest trim of 8% doesn’t necessarily signal a loss of confidence. It could just be…portfolio rebalancing. Or a desperate attempt to free up funds for a yacht. You never know.
With the economy being…uncertain, shoppers might be looking for bargains. Ollie’s is well-positioned to capitalize on that. Plus, their P/E ratio of 31 is only slightly above its five-year average of 30. Which means…it’s not overvalued? Maybe?
I’m trying to be optimistic. I really am. But the market has a habit of proving me wrong. Still, holding onto most of its shares seems sensible. And with a little luck, this minor adjustment won’t turn into a major catastrophe.
Right. Time for another cup of tea and a deep breath. And maybe, just maybe, a very small, very cautious investment in Ollie’s. What could possibly go wrong?
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2026-02-14 01:04