Axiom Investors LLC DE Acquires Shares of 40,809 Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Axiom Investors LLC DE acquired 40,809 shares of Ollie's Bargain Outlet Holdings, Inc., valued at approximately $4.7 million, increasing their stake to about 0.07% of the company.
• Ollie's reported a 17.5% year-over-year revenue increase of $679.56 million for the latest quarter and exceeded earnings per share estimates by $0.08.
• Several large investors have significantly increased their holdings in Ollie's, with Wellington Management Group LLP raising its position by 268% to own 844,799 shares worth $98.3 million.

Axiom Investors LLC DE purchased a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,809 shares of the company's stock, valued at approximately $4,749,000. Axiom Investors LLC DE owned about 0.07% of Ollie's Bargain Outlet at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Geneva Capital Management LLC increased its stake in shares of Ollie's Bargain Outlet by 1.1% during the first quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock valued at $122,115,000 after buying an additional 10,913 shares during the period. Bank of New York Mellon Corp increased 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 valued at $102,629,000 after buying an additional 179,452 shares during the period. Wellington Management Group LLP increased 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 valued at $98,301,000 after buying an additional 615,257 shares during the period. Ameriprise Financial Inc. increased 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 valued at $96,428,000 after buying an additional 468,944 shares during the period. Finally, Stephens Investment Management Group LLC increased 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 valued at $94,168,000 after buying an additional 95,204 shares during the period.

Analyst Ratings Changes

Several research firms have recently issued reports on OLLI. Bank of America boosted their target price on Ollie's Bargain Outlet from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Wells Fargo & Company boosted their target price on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. lifted their price target 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. Finally, UBS Group lifted their price target on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $143.46.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of Ollie's Bargain Outlet stock in a transaction on Wednesday, September 3rd. The stock was 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 owned 2,504 shares in the company, valued at approximately $325,520. The trade was a 45.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded down $0.04 during mid-day trading on Friday, hitting $131.53. 775,153 shares of the stock traded hands, compared to its average volume of 1,174,023. 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 cap of $8.06 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.65 and a beta of 0.45. The stock has a fifty day moving average price of $132.50 and a 200-day moving average price of $119.26.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million during the quarter, compared to analysts' expectations of $658.03 million. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm's quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.