Axiom Investors LLC DE Makes New $4.75 Million Investment in 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 acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,809 shares of the company's stock, valued at approximately $4,749,000. Axiom Investors LLC DE owned approximately 0.07% of Ollie's Bargain Outlet as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wedmont Private Capital boosted its holdings in Ollie's Bargain Outlet by 4.5% in the first quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock worth $238,000 after purchasing an additional 89 shares during the period. Xponance Inc. boosted its holdings in Ollie's Bargain Outlet by 1.4% in the first quarter. Xponance Inc. now owns 7,231 shares of the company's stock worth $841,000 after purchasing an additional 102 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Ollie's Bargain Outlet by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company's stock worth $531,000 after purchasing an additional 146 shares during the period. State of Wyoming boosted its holdings in Ollie's Bargain Outlet by 7.4% in the fourth quarter. State of Wyoming now owns 2,156 shares of the company's stock worth $237,000 after purchasing an additional 148 shares during the period. Finally, Thrive Wealth Management LLC boosted its holdings in Ollie's Bargain Outlet by 8.4% in the first quarter. Thrive Wealth Management LLC now owns 2,167 shares of the company's stock worth $252,000 after purchasing an additional 167 shares during the period.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded down $0.04 during midday trading on Friday, reaching $131.53. 777,231 shares of the company traded hands, compared to its average volume of 1,238,665. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.88 and a 52 week high of $141.74. The stock has a 50-day moving average price of $132.43 and a 200 day moving average price of $119.49. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.69 and a beta of 0.45.

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, beating 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 for the quarter, compared to analysts' expectations of $658.03 million. During the same period in the previous year, the business earned $0.78 earnings per share. 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. As a group, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the business'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 sale, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their price objective 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. Piper Sandler raised their target price on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. UBS Group raised their target price on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Truist Financial raised their target price on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Loop Capital cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research note on Tuesday, June 24th. Eight research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.46.

About Ollie's Bargain Outlet

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.