State of Alaska Department of Revenue Cuts Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

State of Alaska Department of Revenue lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,890 shares of the company’s stock after selling 290 shares during the period. State of Alaska Department of Revenue’s holdings in Ollie’s Bargain Outlet were worth $907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $30,000. City Holding Co. purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $31,000. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $36,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $38,000. Finally, Brooklyn Investment Group boosted its stake in shares of Ollie’s Bargain Outlet by 133.5% in the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock worth $45,000 after buying an additional 223 shares during the last quarter.

Analysts Set New Price Targets

OLLI has been the topic of a number of research reports. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating 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 Saturday, September 27th. Citigroup reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Craig Hallum set a $156.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Finally, Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $144.15.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 2,117 shares of the company’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 transaction, the senior vice president owned 2,504 shares of the company’s stock, valued at approximately $325,520. This represents a 45.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $14,224,796.46. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 113,175 shares of company stock valued at $15,029,086 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $127.01 on Tuesday. The company’s fifty day simple moving average is $133.21 and its two-hundred day simple moving average is $123.06. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $86.88 and a 1 year high of $141.74. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.69 and a beta of 0.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter 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. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.