Wealth Enhancement Advisory Services LLC Has $894,000 Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Wealth Enhancement Advisory Services LLC lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,833 shares of the company’s stock after buying an additional 181 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ollie’s Bargain Outlet were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Geneva Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 1.1% in the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company’s stock worth $122,115,000 after purchasing an additional 10,913 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ollie’s Bargain Outlet by 25.5% during the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company’s stock worth $102,629,000 after acquiring an additional 179,452 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Ollie’s Bargain Outlet by 268.0% in the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock valued at $98,301,000 after buying an additional 615,257 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Ollie’s Bargain Outlet by 130.3% during the first quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock worth $96,428,000 after purchasing an additional 468,944 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in Ollie’s Bargain Outlet by 13.3% during the first quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company’s stock worth $94,168,000 after purchasing an additional 95,204 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OLLI shares. UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Bank of America raised their target price on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Craig Hallum set a $156.00 price target on Ollie’s Bargain Outlet in a research note 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.15.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $129.21 on Friday. The business’s 50 day simple moving average is $133.50 and its two-hundred day simple moving average is $122.47. The stock has a market capitalization of $7.92 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.42. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) 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 firm had revenue of $679.56 million for the quarter, compared to analysts’ expectations of $658.03 million. During the same period in the previous year, the firm earned $0.78 earnings per share. The business’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. Sell-side analysts expect 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 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 107,058 shares of the company’s stock in a transaction 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 completion of the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $6,404,334. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,175 shares of company stock valued at $15,029,086. Company insiders own 0.75% of the company’s stock.

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.