Hudson Edge Investment Partners Inc. Has $812,000 Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hudson Edge Investment Partners Inc. decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,162 shares of the company’s stock after selling 219 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Ollie’s Bargain Outlet were worth $812,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OLLI. HM Payson & Co. acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $30,000. City Holding Co. acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $31,000. Maseco LLP acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. Opal Wealth Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $38,000. Finally, Brooklyn Investment Group lifted its holdings in Ollie’s Bargain Outlet by 133.5% during the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock valued at $45,000 after purchasing an additional 223 shares during the last quarter.

Analysts Set New Price Targets

OLLI has been the subject of several research reports. Jefferies Financial Group raised their price target on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their target price on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Royal Bank Of Canada lifted their target price on Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Craig Hallum set a $156.00 target price on Ollie’s Bargain Outlet in a report on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $144.15.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 107,058 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $132.87, for a total value of $14,224,796.46. Following the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the completion of the sale, the chief executive officer owned 7,761 shares in the company, valued at approximately $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,175 shares of company stock valued at $15,029,086. Corporate insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $129.21 on Friday. The company has a market capitalization of $7.92 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.42. The business has a fifty day moving average price of $133.50 and a two-hundred day moving average price of $122.47. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $86.88 and a 1 year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly 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. The company had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Ollie’s Bargain Outlet 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.