Deutsche Bank AG Has $1.99 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Deutsche Bank AG decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,058 shares of the company’s stock after selling 110 shares during the quarter. Deutsche Bank AG’s holdings in Ollie’s Bargain Outlet were worth $1,985,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. HM Payson & Co. bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth about $30,000. City Holding Co. bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth about $31,000. Putney Financial Group LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth about $33,000. GeoWealth Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth about $38,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth about $38,000.

Analyst Ratings Changes

OLLI has been the topic of several analyst reports. Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada upped their target price on shares of Ollie’s Bargain Outlet from $133.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday. Loop Capital lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a report on Tuesday, June 24th. Piper Sandler increased their price objective on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $130.79.

Ollie’s Bargain Outlet Trading Down 0.6%

Shares of NASDAQ OLLI opened at $134.13 on Friday. The firm has a market capitalization of $8.23 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.40. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $86.29 and a 1 year high of $141.74. The firm’s 50-day moving average is $131.41 and its 200-day moving average is $116.62.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The company had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. Ollie’s Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Der Valk Eric Van sold 728 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares of the company’s stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.