2,069 Shares in Ollie's Bargain Outlet Holdings, Inc. $OLLI Bought by Vident Advisory LLC

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 position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,069 shares of the company's stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Wellington Management Group LLP boosted its stake in Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock worth $98,301,000 after purchasing an additional 615,257 shares during the period. Ameriprise Financial Inc. boosted its stake in Ollie's Bargain Outlet by 130.3% in the 1st 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. Royal Bank of Canada boosted its stake in Ollie's Bargain Outlet by 48.5% in the 4th quarter. Royal Bank of Canada now owns 649,382 shares of the company's stock worth $71,257,000 after purchasing an additional 212,055 shares during the period. Nuveen LLC acquired a new position in Ollie's Bargain Outlet in the 1st quarter worth $24,452,000. Finally, Tidal Investments LLC acquired a new position in Ollie's Bargain Outlet in the 4th quarter worth $21,733,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wells Fargo & Company increased their price objective on shares of Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Bank of America increased their price objective on shares of Ollie's Bargain Outlet from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Royal Bank Of Canada increased their price objective on shares of Ollie's Bargain Outlet from $144.00 to $149.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus price target of $143.46.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $127.99 on Wednesday. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.88 and a 52-week high of $141.74. The company has a market capitalization of $7.85 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45. The company has a 50-day simple moving average of $132.58 and a 200 day simple moving average of $118.94.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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 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 the consensus estimate of $658.03 million. During the same period last year, the business posted $0.78 EPS. Ollie's Bargain Outlet'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. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity

In related news, SVP James J. Comitale sold 2,117 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were 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 directly owned 2,504 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet 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.

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