Callan Family Office LLC Grows Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Callan Family Office LLC significantly increased its position in Ollie's Bargain Outlet by 108.4%, now owning 7,821 shares valued at approximately $1,031,000.
• Ollie's received several target price upgrades from analysts, with Morgan Stanley raising its price objective from $118.00 to $145.00 and eight other analysts rating the stock with a Buy rating.
• CEO Der Valk sold 4,000 shares and Chairman Swygert sold 107,058 shares of Ollie's stock, marking a significant decrease in their ownership, with insiders collectively selling 116,334 shares valued at over $15 million in the last 90 days.

Callan Family Office LLC increased its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 108.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,821 shares of the company's stock after buying an additional 4,069 shares during the quarter. Callan Family Office LLC's holdings in Ollie's Bargain Outlet were worth $1,031,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geneva Capital Management LLC grew its stake in Ollie's Bargain Outlet by 1.1% during the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock worth $122,115,000 after buying an additional 10,913 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Ollie's Bargain Outlet by 25.5% during the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock worth $102,629,000 after acquiring an additional 179,452 shares during the period. Wellington Management Group LLP lifted its position in Ollie's Bargain Outlet by 268.0% during the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock worth $98,301,000 after acquiring an additional 615,257 shares during the period. Ameriprise Financial Inc. lifted its position in Ollie's Bargain Outlet by 130.3% during the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company's stock worth $96,428,000 after acquiring an additional 468,944 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in Ollie's Bargain Outlet by 13.3% during the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock worth $94,168,000 after acquiring an additional 95,204 shares during the period.

Analyst Ratings Changes

OLLI has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Ollie's Bargain Outlet from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Craig Hallum set a $156.00 price objective on Ollie's Bargain Outlet in a research report on Friday, August 29th. Jefferies Financial Group increased 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. increased 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, Piper Sandler increased their price objective on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus price target of $144.15.

Insiders Place Their Bets

In related news, CEO Der Valk Eric Van sold 4,000 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman John W. Swygert sold 107,058 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $132.87, for a total value of $14,224,796.46. Following the transaction, the chairman directly owned 48,200 shares of the company's stock, valued at approximately $6,404,334. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,334 shares of company stock valued at $15,444,369 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Price Performance

OLLI opened at $124.60 on Monday. The business has a 50 day simple moving average of $132.22 and a 200-day simple moving average of $123.52. The stock has a market capitalization of $7.64 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.55 and a beta of 0.42. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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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