Oak Ridge Investments LLC Has $5.39 Million Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Oak Ridge Investments LLC lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 40,891 shares of the company’s stock after selling 1,282 shares during the period. Oak Ridge Investments LLC owned approximately 0.07% of Ollie’s Bargain Outlet worth $5,389,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in OLLI. HM Payson & Co. acquired a new position in shares of Ollie’s Bargain Outlet during the first quarter valued at about $30,000. Maseco LLP acquired a new position in Ollie’s Bargain Outlet in the second quarter worth about $36,000. Opal Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the first quarter worth about $38,000. Brooklyn Investment Group raised its position in Ollie’s Bargain Outlet by 133.5% in the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock worth $45,000 after purchasing an additional 223 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Ollie’s Bargain Outlet by 77.5% in the first quarter. Blue Trust Inc. now owns 504 shares of the company’s stock worth $59,000 after purchasing an additional 220 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other news, CEO Der Valk Eric Van sold 4,000 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $132.27, for a total transaction of $529,080.00. Following the sale, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Kraus sold 3,159 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $131.46, for a total transaction of $415,282.14. Following the sale, the senior vice president directly owned 3,679 shares in the company, valued at $483,641.34. This trade represents a 46.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,334 shares of company stock valued at $15,444,369 over the last three months. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OLLI shares. Jefferies Financial Group increased their price target 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. Piper Sandler increased their price target on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Morgan Stanley increased 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. KeyCorp increased their price target on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Craig Hallum set a $156.00 price objective 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.15.

Ollie’s Bargain Outlet Trading Down 1.5%

Shares of Ollie’s Bargain Outlet stock opened at $124.60 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The firm’s 50-day moving average price is $132.22 and its two-hundred day moving average price is $123.45. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.55 and a beta of 0.42.

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