Ollie’s Bargain Outlet Holdings, Inc. $OLLI Stock Holdings Lessened by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 59.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,638 shares of the company’s stock after selling 13,919 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Ollie’s Bargain Outlet were worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Ollie’s Bargain Outlet by 268.0% during the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after purchasing an additional 615,257 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Ollie’s Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock valued at $96,428,000 after purchasing an additional 468,944 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $33,615,000. Nuveen LLC purchased a new position in Ollie’s Bargain Outlet in the 1st quarter worth about $24,452,000. Finally, TimesSquare Capital Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth about $23,589,000.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 107,058 shares of the company’s stock in a transaction dated 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 transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $6,404,334. This represents a 68.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 1,493 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $122.92, for a total value of $183,519.56. Following the sale, the chief financial officer directly owned 4,008 shares of the company’s stock, valued at $492,663.36. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,890 shares of company stock valued at $17,057,659 in the last three months. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on OLLI. Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Royal Bank Of Canada cut their price target on shares of Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, Citigroup reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $120.85 on Friday. The firm has a 50 day simple moving average of $126.91 and a 200 day simple moving average of $126.07. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $87.65 and a 52 week high of $141.74. The stock has a market cap of $7.41 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.44 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.08. The firm had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.