Vident Advisory LLC Acquires Shares of 2,069 Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Vident Advisory LLC has acquired a new position in Ollie's Bargain Outlet, purchasing 2,069 shares valued at approximately $241,000 in the first quarter.
• Ollie's reported an adjusted earnings of $0.99 per share for the latest quarter, beating estimates by $0.08, along with a revenue increase of 17.5% year-over-year.
• Equities analysts have set a price target range for Ollie's shares between $130.00 and $149.00, with the stock receiving multiple "buy" ratings amid a "Moderate Buy" consensus.

Vident Advisory LLC bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,069 shares of the company's stock, valued at approximately $241,000.

Other large investors have also recently bought and sold shares of the company. HM Payson & Co. bought a new position in Ollie's Bargain Outlet in the first quarter valued at about $30,000. City Holding Co. bought a new position in Ollie's Bargain Outlet in the first quarter valued at about $31,000. Putney Financial Group LLC bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $33,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie's Bargain Outlet during the first quarter worth about $38,000. Finally, Brooklyn Investment Group raised its position in shares of Ollie's Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company's stock worth $45,000 after acquiring an additional 223 shares during the last quarter.

Ollie's Bargain Outlet Trading Up 3.6%

NASDAQ OLLI traded up $4.72 during trading hours on Monday, hitting $136.25. 1,295,573 shares of the company's stock were exchanged, compared to its average volume of 1,226,230. The stock has a 50-day simple moving average of $132.60 and a 200 day simple moving average of $119.99. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 2.69 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping 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 business had revenue of $679.56 million during the quarter, compared to analysts' expectations of $658.03 million. During the same quarter last year, the firm posted $0.78 earnings per share. The firm'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, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the sale, the senior vice president owned 2,504 shares of the company's stock, valued at approximately $325,520. This trade represents a 45.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OLLI shares. Truist Financial raised their price objective on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Jefferies Financial Group raised their price objective on Ollie's Bargain Outlet from $111.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $143.46.

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.