Dimensional Fund Advisors LP Sells 23,058 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Dimensional Fund Advisors LP reduced its stake in Ollie's Bargain Outlet by 1.9% during the 1st quarter, selling 23,058 shares, while still maintaining ownership of 1,219,274 shares valued at approximately $141.86 million.
• Ollie's Bargain Outlet reported Q1 earnings of $0.75 per share, exceeding analysts' expectations of $0.70, with revenues reaching $576.77 million, a 13.4% increase year-over-year.
• Several analysts have updated their ratings and price targets for Ollie's stock, with Piper Sandler raising their target to $150.00 and JPMorgan Chase lifting it to $159.00, indicating positive outlooks for the company.

Dimensional Fund Advisors LP reduced its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,219,274 shares of the company's stock after selling 23,058 shares during the quarter. Dimensional Fund Advisors LP owned 1.99% of Ollie's Bargain Outlet worth $141,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HM Payson & Co. bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth $30,000. City Holding Co. bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth $31,000. Putney Financial Group LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth $38,000. Finally, GeoWealth Management LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth $38,000.

Insider Activity

In other news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at $875,828.85. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $1.94 during mid-day trading on Friday, reaching $132.19. 1,689,683 shares of the company were exchanged, compared to its average volume of 852,849. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.29 and a 52 week high of $141.74. The stock has a market capitalization of $8.11 billion, a PE ratio of 40.67, a PEG ratio of 2.96 and a beta of 0.40. The business has a 50 day simple moving average of $131.77 and a two-hundred day simple moving average of $116.87.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Loop Capital downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective for the company. in a research report on Tuesday, June 24th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Piper Sandler upped their target price on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Finally, KeyCorp set a $145.00 target price on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.79.

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.