Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 186.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 76,648 shares of the company’s stock after buying an additional 49,881 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ollie’s Bargain Outlet were worth $10,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its stake in shares of Ollie’s Bargain Outlet by 38.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,652 shares of the company’s stock valued at $2,868,000 after buying an additional 6,870 shares during the period. Wealth Alliance LLC acquired a new stake in Ollie’s Bargain Outlet during the first quarter worth about $216,000. GW&K Investment Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 2.2% in the 1st quarter. GW&K Investment Management LLC now owns 136,866 shares of the company’s stock worth $15,926,000 after purchasing an additional 2,991 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Ollie’s Bargain Outlet by 3.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 15,400 shares of the company’s stock worth $1,792,000 after purchasing an additional 500 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Ollie’s Bargain Outlet by 1.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,854 shares of the company’s stock worth $1,612,000 after purchasing an additional 208 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on OLLI shares. Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Morgan Stanley upped their price target on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Jefferies Financial Group raised their price objective on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Craig Hallum set a $156.00 target price on Ollie’s Bargain Outlet in a research report on Friday, August 29th. Finally, Wells Fargo & Company raised their target price on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Nine equities 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.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $144.00.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $119.68 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The business has a 50-day moving average of $127.12 and a 200-day moving average of $126.11. The company has a market capitalization of $7.34 billion, a PE ratio of 34.69, a P/E/G ratio of 2.48 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million for 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%.Ollie’s Bargain Outlet’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP James J. Comitale sold 2,117 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares in the company, valued at approximately $325,520. This trade represents a 45.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John W. Swygert sold 107,058 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $132.87, for a total value of $14,224,796.46. Following the sale, the chairman owned 48,200 shares in the company, valued at $6,404,334. The trade was a 68.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,890 shares of company stock worth $17,057,659 over the last ninety days. Insiders own 0.75% of the company’s stock.

About Ollie’s Bargain Outlet

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.