Vanguard Personalized Indexing Management LLC Buys 1,534 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 23.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,001 shares of the company’s stock after acquiring an additional 1,534 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ollie’s Bargain Outlet were worth $1,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC increased its stake in Ollie’s Bargain Outlet by 1.3% during the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock worth $815,000 after acquiring an additional 91 shares during the period. Louisiana State Employees Retirement System increased its stake in Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock worth $2,280,000 after acquiring an additional 100 shares during the period. Xponance Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 1.4% in the 1st quarter. Xponance Inc. now owns 7,231 shares of the company’s stock valued at $841,000 after purchasing an additional 102 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Wedmont Private Capital now owns 2,218 shares of the company’s stock valued at $283,000 after purchasing an additional 134 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock valued at $531,000 after purchasing an additional 146 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OLLI shares. KeyCorp raised their target price on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Citigroup reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. 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. Finally, Morgan Stanley raised their target price on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.15.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO Der Valk Eric Van sold 4,000 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at $1,026,547.47. This trade represents a 34.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James J. Comitale sold 2,117 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total value of $275,210.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,255 shares of company stock worth $16,606,864. Insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 1.2%

NASDAQ OLLI opened at $124.56 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42. The business’s fifty day moving average is $131.05 and its 200 day moving average is $123.86.

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. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The company had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same quarter last year, the business posted $0.78 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 17.5% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal 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.