Trexquant Investment LP purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,067 shares of the company's stock, valued at approximately $1,870,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geneva Capital Management LLC boosted its holdings in Ollie's Bargain Outlet by 1.1% in the first quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock valued at $122,115,000 after purchasing an additional 10,913 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ollie's Bargain Outlet by 25.5% during the first quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock worth $102,629,000 after buying an additional 179,452 shares during the period. Wellington Management Group LLP boosted its stake in shares of Ollie's Bargain Outlet by 268.0% during the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock worth $98,301,000 after buying an additional 615,257 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of 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 buying an additional 468,944 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in shares of 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 buying an additional 95,204 shares during the period.
Ollie's Bargain Outlet Price Performance
Ollie's Bargain Outlet stock traded down $0.46 during mid-day trading on Friday, reaching $133.40. The company had a trading volume of 792,830 shares, compared to its average volume of 1,183,091. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.67 and a 1 year high of $141.74. The company has a market capitalization of $8.18 billion, a P/E ratio of 38.67, a P/E/G ratio of 2.73 and a beta of 0.45. The stock's 50-day simple moving average is $132.62 and its 200-day simple moving average is $118.52.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $658.03 million. During the same period last year, the company posted $0.78 EPS. The company's revenue was up 17.5% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, equities analysts forecast 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 firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares of the company's stock, valued at $325,520. This trade represents a 45.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a report on Saturday. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Morgan Stanley increased their price target on shares of Ollie's Bargain Outlet from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Jefferies Financial Group increased their price target on shares of Ollie's Bargain Outlet from $111.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Finally, UBS Group increased 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. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $143.46.
Get Our Latest Stock Analysis on Ollie's Bargain Outlet
About Ollie's Bargain Outlet
(
Free Report)
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.
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