Park Avenue Securities LLC Sells 212 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Park Avenue Securities LLC trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,723 shares of the company’s stock after selling 212 shares during the period. Park Avenue Securities LLC’s holdings in Ollie’s Bargain Outlet were worth $622,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wedmont Private Capital lifted its holdings in shares of Ollie’s Bargain Outlet by 4.5% in the first quarter. Wedmont Private Capital now owns 2,084 shares of the company’s stock valued at $238,000 after purchasing an additional 89 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in Ollie’s Bargain Outlet by 1.3% during the first quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock worth $815,000 after acquiring an additional 91 shares in the last quarter. Xponance Inc. raised its holdings in Ollie’s Bargain Outlet by 1.4% during the first quarter. Xponance Inc. now owns 7,231 shares of the company’s stock worth $841,000 after acquiring an additional 102 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Ollie’s Bargain Outlet by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock worth $531,000 after acquiring an additional 146 shares in the last quarter. Finally, Thrive Wealth Management LLC raised its holdings in Ollie’s Bargain Outlet by 8.4% during the first quarter. Thrive Wealth Management LLC now owns 2,167 shares of the company’s stock worth $252,000 after acquiring an additional 167 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on OLLI. UBS Group upped their target price on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Truist Financial upped their target price on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Royal Bank Of Canada upped their target price on Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Jefferies Financial Group upped their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.15.

Ollie’s Bargain Outlet Stock Down 0.9%

Shares of NASDAQ OLLI opened at $132.40 on Monday. The business’s 50 day moving average price is $133.84 and its two-hundred day moving average price is $122.01. The company has a market cap of $8.12 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 2.71 and a beta of 0.45. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. The firm 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%.The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP James J. Comitale sold 2,117 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the transaction, the senior vice president 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 sale 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 stock in a transaction that occurred on 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 owned 48,200 shares in the company, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Company 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.