American Century Companies Inc. Buys 70,748 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

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American Century Companies Inc. boosted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 15.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 525,076 shares of the company's stock after buying an additional 70,748 shares during the period. American Century Companies Inc. owned 0.86% of Ollie's Bargain Outlet worth $61,098,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Caxton Associates LP purchased a new stake in Ollie's Bargain Outlet in the 4th quarter worth $438,000. Schonfeld Strategic Advisors LLC grew its position in shares of Ollie's Bargain Outlet by 85.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock valued at $636,000 after purchasing an additional 2,668 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Ollie's Bargain Outlet by 63.8% during the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock valued at $1,363,000 after purchasing an additional 4,563 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of Ollie's Bargain Outlet by 10.6% during the first quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company's stock valued at $264,000 after purchasing an additional 217 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 valued at $102,629,000 after purchasing an additional 179,452 shares in the last quarter.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded down $1.94 during trading hours on Friday, hitting $132.19. 1,689,683 shares of the company's stock traded hands, compared to its average volume of 852,849. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.29 and a 1 year high of $141.74. The business has a fifty day moving average price of $131.77 and a 200-day moving average price of $116.80. The firm has a market capitalization of $8.11 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The business had revenue of $576.77 million during the quarter, compared to analyst estimates of $565.04 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the business'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 completion of the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OLLI. Royal Bank Of Canada raised their price objective on Ollie's Bargain Outlet from $133.00 to $144.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. JPMorgan Chase & Co. raised their price objective on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Truist Financial boosted their target price on Ollie's Bargain Outlet from $128.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, KeyCorp set a $145.00 target price on Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.79.

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.