Dynamic Technology Lab Private Ltd Acquires Shares of 23,557 Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Ollie's Bargain Outlet by purchasing 23,557 shares valued at approximately $2.74 million, making it the company's 22nd largest holding.
• Several institutional investors, including HM Payson & Co. and City Holding Co., have also recently initiated positions in Ollie's, reflecting increasing interest in the company.
• Analysts have provided various price targets for OLLI, with UBS raising theirs to $140.00 and Truist Financial setting a target of $148.00, positioning Ollie's with a consensus rating of "Moderate Buy."

Dynamic Technology Lab Private Ltd bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,557 shares of the company's stock, valued at approximately $2,742,000. Ollie's Bargain Outlet makes up 0.4% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 22nd largest holding.

Several other institutional investors have also recently bought and sold shares of the company. Geneva Capital Management LLC lifted its stake in Ollie's Bargain Outlet by 1.1% in the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock valued at $122,115,000 after acquiring an additional 10,913 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Ollie's Bargain Outlet by 25.5% in the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock valued at $102,629,000 after acquiring an additional 179,452 shares in the last quarter. Wellington Management Group LLP lifted its stake in Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock valued at $98,301,000 after acquiring an additional 615,257 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 purchasing an additional 468,944 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of 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 purchasing an additional 95,204 shares in the last quarter.

Ollie's Bargain Outlet Stock Performance

OLLI traded down $4.37 during trading hours on Tuesday, reaching $127.99. The company's stock had a trading volume of 1,265,431 shares, compared to its average volume of 1,169,748. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.88 and a 52 week high of $141.74. The company's 50-day moving average is $132.58 and its 200-day moving average is $118.94. The firm has a market cap of $7.85 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 12.66% and a net margin of 8.74%.The business had revenue of $679.56 million for the quarter, compared to analysts' expectations of $658.03 million. During the same quarter in the prior year, the business earned $0.78 EPS. The firm's revenue for the quarter 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. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP James J. Comitale sold 2,117 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares in the company, valued at approximately $325,520. This represents a 45.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OLLI has been the topic of a number of analyst reports. Royal Bank Of Canada upped their price objective on Ollie's Bargain Outlet from $144.00 to $149.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company upped their price objective on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. KeyCorp set a $145.00 price objective on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, UBS Group upped their price objective on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $143.46.

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.