Intech Investment Management LLC Buys 11,210 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Intech Investment Management LLC increased its holdings in Ollie's Bargain Outlet by 89.2%, acquiring an additional 11,210 shares, bringing their total to 23,775 shares valued at approximately $2.77 million.
• Ollie's Bargain Outlet reported a 17.5% increase in revenue year-over-year in its latest quarterly earnings, reaching $679.56 million, and exceeding analyst expectations.
• Analysts upgraded Ollie's stock ratings, with Bank of America raising its price target to $145.00, indicating strong market confidence in the company's future performance.

Intech Investment Management LLC raised its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 89.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,775 shares of the company's stock after purchasing an additional 11,210 shares during the quarter. Intech Investment Management LLC's holdings in Ollie's Bargain Outlet were worth $2,766,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. bought a new position in Ollie's Bargain Outlet in the first quarter valued at approximately $30,000. City Holding Co. bought a new position in Ollie's Bargain Outlet in the first quarter valued at approximately $31,000. Putney Financial Group LLC bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $33,000. Opal Wealth Advisors LLC bought a new position in Ollie's Bargain Outlet in the first quarter valued at approximately $38,000. Finally, Brooklyn Investment Group grew its stake in Ollie's Bargain Outlet by 133.5% in the first quarter. Brooklyn Investment Group now owns 390 shares of the company's stock valued at $45,000 after purchasing an additional 223 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OLLI shares. Wall Street Zen upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Truist Financial lifted their target price on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their target price on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Jefferies Financial Group lifted their target price on Ollie's Bargain Outlet from $111.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Finally, Craig Hallum set a $156.00 target price on Ollie's Bargain Outlet in a research note on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $144.15.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded down $0.83 during mid-day trading on Friday, hitting $137.48. 1,515,331 shares of the stock were exchanged, compared to its average volume of 1,216,243. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.45. The firm's 50-day simple moving average is $133.39 and its 200 day simple moving average is $120.68. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.88 and a fifty-two week high of $141.74.

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

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, SVP James J. Comitale sold 2,117 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company's stock.

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.