Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. boosted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,236 shares of the company’s stock after purchasing an additional 7,834 shares during the period. Braun Stacey Associates Inc. owned approximately 0.36% of Ollie’s Bargain Outlet worth $28,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in shares of Ollie’s Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the last quarter. Invesco Ltd. grew its position in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Ollie’s Bargain Outlet by 165.4% in the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after acquiring an additional 773,013 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock valued at $150,284,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 7.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock worth $148,791,000 after purchasing an additional 79,627 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 0.1%

NASDAQ:OLLI opened at $109.61 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.88 and a 52-week high of $141.74. The firm has a market cap of $6.72 billion, a P/E ratio of 30.28, a PEG ratio of 1.94 and a beta of 0.48. The business’s 50-day moving average price is $118.52 and its 200 day moving average price is $126.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. During the same quarter last year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 1,493 shares of the business’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $122.92, for a total transaction of $183,519.56. Following the sale, the chief financial officer directly owned 4,008 shares of the company’s stock, valued at $492,663.36. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Kraus sold 8,921 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $130.31, for a total value of $1,162,495.51. Following the sale, the senior vice president directly owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. This represents a 70.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 15,744 shares of company stock valued at $2,031,770. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OLLI. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $135.00 in a research note on Monday, December 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.57.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.