Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in Ollie's Bargain Outlet by 1.1%, selling 53,115 shares, bringing its total holdings to 4,591,659 shares.
• Analysts have raised their price targets for Ollie's Bargain Outlet, with the consensus now at $130.79, indicating a potential for further growth.
• Ollie's Bargain Outlet reported a 13.4% increase in revenue year-over-year, exceeding both revenue and EPS estimates, reflecting the company's strong performance in the last quarter.

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,591,659 shares of the company's stock after selling 53,115 shares during the quarter. Ollie's Bargain Outlet makes up about 1.3% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 22nd biggest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.48% of Ollie's Bargain Outlet worth $534,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OLLI. HM Payson & Co. acquired a new position in shares of Ollie's Bargain Outlet during the 1st quarter valued at about $30,000. City Holding Co. acquired a new position in shares of Ollie's Bargain Outlet during the 1st quarter valued at about $31,000. Putney Financial Group LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at about $33,000. GeoWealth Management LLC purchased a new stake in Ollie's Bargain Outlet in the 4th quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Ollie's Bargain Outlet in the 1st quarter valued at about $38,000.

Ollie's Bargain Outlet Trading Down 2.9%

Shares of OLLI stock traded down $3.80 during mid-day trading on Friday, reaching $127.59. The stock had a trading volume of 505,618 shares, compared to its average volume of 1,169,734. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.29 and a 12-month high of $141.74. The company has a market cap of $7.83 billion, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 2.93 and a beta of 0.40. The business has a 50-day simple moving average of $132.67 and a 200 day simple moving average of $117.49.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The business's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

OLLI has been the topic of several research analyst reports. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a report on Thursday, June 26th. Citigroup restated a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. 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 report on Tuesday, June 24th. Finally, UBS Group increased their price objective on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus price target of $141.08.

Insider Activity at Ollie's Bargain Outlet

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

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.