Credit Agricole S A Purchases 9,113 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Credit Agricole S A increased its stake in Ollie's Bargain Outlet by 51.3%, acquiring an additional 9,113 shares, which brings its total holdings to 26,884 shares valued at approximately $3.13 million.
• CEO Der Valk Eric Van sold 728 shares of the stock at an average price of $112.85, resulting in an 8.58% decrease in his ownership.
• Ollie's Bargain Outlet reported a 13.4% year-over-year revenue increase, with Q1 earnings per share of $0.75, surpassing estimates and setting FY 2025 guidance at 3.650-3.750 EPS.

Credit Agricole S A raised its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 51.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,884 shares of the company's stock after buying an additional 9,113 shares during the quarter. Credit Agricole S A's holdings in Ollie's Bargain Outlet were worth $3,128,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OLLI. GeoWealth Management LLC bought a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth about $38,000. Dimensional Fund Advisors LP lifted its stake in Ollie's Bargain Outlet by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,242,332 shares of the company's stock worth $136,325,000 after purchasing an additional 24,890 shares during the period. MetLife Investment Management LLC boosted its holdings in Ollie's Bargain Outlet by 9.3% during the fourth quarter. MetLife Investment Management LLC now owns 34,575 shares of the company's stock valued at $3,794,000 after purchasing an additional 2,946 shares in the last quarter. MML Investors Services LLC boosted its holdings in Ollie's Bargain Outlet by 180.2% during the fourth quarter. MML Investors Services LLC now owns 11,013 shares of the company's stock valued at $1,208,000 after purchasing an additional 7,083 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Ollie's Bargain Outlet by 60.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,539 shares of the company's stock valued at $718,000 after purchasing an additional 2,467 shares during the period.

Insider Activity at Ollie's Bargain Outlet

In other 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 sale, the chief executive officer directly owned 7,761 shares of the company's stock, valued at $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock opened at $132.19 on Friday. The business's fifty day moving average is $131.77 and its two-hundred day moving average is $116.87. The firm has a market cap of $8.11 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.96 and a beta of 0.40. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.29 and a 52 week high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (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 the consensus estimate of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OLLI shares. KeyCorp set a $145.00 target price on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Truist Financial increased their price objective on Ollie's Bargain Outlet from $128.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Loop Capital lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a report on Tuesday, June 24th. Finally, Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $130.79.

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.

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