Corient IA LLC Makes New Investment in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Corient IA LLC has acquired 3,000 shares of Ollie's Bargain Outlet Holdings, Inc. for approximately $349,000 in the 1st quarter.
• Analysts have mixed ratings on the stock, with Loop Capital downgrading it to a "hold" while JPMorgan Chase & Co. increased its target price from $137.00 to $159.00.
• Ollie's reported a quarterly earnings per share of $0.75, surpassing expectations, and a revenue of $576.77 million, marking a 13.4% year-over-year increase.

Corient IA LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,000 shares of the company's stock, valued at approximately $349,000.

Other hedge funds have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of Ollie's Bargain Outlet in the first quarter valued at about $30,000. City Holding Co. purchased a new position in shares of Ollie's Bargain Outlet in the first quarter valued at about $31,000. Putney Financial Group LLC purchased a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at about $33,000. GeoWealth Management LLC purchased a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Ollie's Bargain Outlet in the first quarter valued at about $38,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada boosted their price target on shares of 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. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Loop Capital cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.79.

Insiders Place Their Bets

In related news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI traded down $1.94 during mid-day trading on Friday, hitting $132.19. 1,689,683 shares of the company's stock were exchanged, compared to its average volume of 852,849. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $86.29 and a one 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 company has a market cap of $8.11 billion, a PE ratio of 40.67, a P/E/G ratio of 3.01 and a beta of 0.40.

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

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.